Mexico’s Unfinished Congressional Business
Mexico's Chamber of Deputies debate the immunity of fellow congressman Julio Cesar Godoy (Stringer / Courtesy Reuters).
Mexico's Chamber of Deputies debate the immunity of fellow congressman Julio Cesar Godoy (Stringer / Courtesy Reuters).
An employee arranges cotton in a textile factory in Bello, Antioquia province, Colombia (Albeiro Lopera / Courtesy Reuters).
Fireworks over Mexico City's Zocalo during its bicentennial anniversary of independence in September 2010 (Daniel Aguilar/Courtesy Reuters).
Mexican businessman Carlos Slim (Andres Stapff/Courtesy Reuters).
Soldiers escort four detainees for presentation to the media at a military zone on the outskirts of Monterrey (Tomas Bravo/Courtesy Reuters).
In trying to explain why Mexico isn’t growing quickly, or “why it isn’t rich” as Gordon Hanson puts it in a great paper, there is much talk about economic concentration — the monopolies and oligopolies that dominate the economy. They spread beyond just telecommunications and media – the most obvious and maligned sectors. In cement, one company alone controls almost 90% of the market. In bread, tortillas, soft drinks, hospitals, and glass production just one company controls at least 70% of the market. This doesn’t even consider those areas still under state control, such as energy and electricity. Read more »
A trader checks a newspaper at the Santiago Stock Exchange (Ivan Alvarado/Courtesy Reuters).
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