economy and politics

ECLAC promotes productive development policies in Mexico

January 22, 2025.- The Economic Commission for Latin America and the Caribbean (ECLAC), at its headquarters in Mexico, in collaboration with the Open Society Foundation, held a key meeting to promote sustainable and inclusive economic development in Mexico. The meeting, which featured the notable participation of economist Mariana Mazzucato, brought together representatives of civil society, public officials and specialists to discuss how mission-guided politics can generate the necessary structural change for the country.

Jorge Mario Martínez-Piva, Director of ECLAC in Mexico, highlighted that Mexico faces a favorable moment to promote structural change due to three factors: the strategy led by the Presidency of the Republic under Plan Mexico; the opportunity for internal solutions in an uncertain international context but with a stable Mexican State and well-defined long-term objectives; and the need to transform the National Development Plan into effective public policies that address fiscal challenges, productive and sustainable transformation that takes advantage of the productive vocations of the territories.

“In the face of a reduced fiscal space and an unstable international environment, the greatest asset that Mexico has is good politics: its prospective vision, its long-term plans, its power to convene and unite wills in a national productive development project.” Martínez-Piva emphasized.

Professor of Innovation Economics and Public Value at University College London, Mariana Mazzucato, explained that the missions approach redefines the role of the State, aligning economic growth with public objectives.

“The key is to design inclusive policies that not only encourage innovation, but also reduce social and environmental gaps. Mexico has the opportunity to be an example of how cooperation between sectors can lead to shared prosperity,” he stated.

The meeting “Towards Shared Prosperity: Missions and Structural Change involving Civil Society in the Economic Transformation of Mexico” generated recommendations aimed at:

• Strengthen the participation of civil society in the formulation and evaluation of economic policies.
• Value the vision of sustainable productive development expressed in Plan Mexico.
• Greater focus on productive policies that seek to reduce regional inequality in Mexico.
• Ensure environmental and social justice through mission-driven strategic approaches.

Luis Godoy, Manager of the Economic and Climate Prosperity Program of the Open Society Foundation, emphasized his commitment to strengthening alliances to achieve climate and economic prosperity in the country. Alejandra Haas, executive director of Oxfam Mexico, pointed out the need to rebuild trust between the government and non-governmental organizations to achieve these objectives, while Alfonso Ramírez Cuéllar, secretary of the Finance and Public Credit Commission, urged to address the challenges prosecutors and improve accountability.

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