The Ministry of Economy decided to respond to IMCO for its 2022 International Competitiveness Index, which is usually expected by analysts and investors. The IMCO does a serious job of international comparison based on official information. However, for Economy (Tatiana Clouthier), this time it had indicators from other years that did not exactly reflect the photograph of 2022.
Why did Economy bother Mexico’s position in the ranking so much if it remained the same as in 2021, as number 37, with low competitiveness?
Economy was annoyed by the decreases, in the Economy sub-index a resounding drop was seen, losing 7 positions (it fell from 27th to 34th place). In the Law sub-index there was also a drop of 2 positions (Mexico fell from 39th to 41st place). And for the record, some sub-indices of the Mexican economy rose. The example of an increase was the subindex of the Factor Market, thanks to the retirement age, relaxation of labor laws and added value of the industry.
However, the Ministry of Economy did not like the poor grades in Economics and Law. And he alleged, among other criticisms, that the IMCO had compared data with previous years, not only with this one.
- IN ECONOMY, INFLATION, RESERVES, BUT ALSO GROWTH
As for the Economy sub-index, the agency recalls that inflation is not exclusive to Mexico, but a global phenomenon, or that Banxico’s International Reserves recently achieved a record (they stand at 198 billion dollars). But you forget the poor performance in economic growth (unfortunately we grow very little). Or in inflation, only the gasoline subsidy has worked because the Pacic did not manage to reduce the increase in prices.
- THE COURT, HOW AUTONOMOUS?
In the Law sub-index, the Ministry of Economy alleges that the Supreme Court of Justice is indeed autonomous and recalls cases such as the suspension promoted by Cofece so that companies do not buy surplus natural gas from Pemex and the CFE or when the Supreme Court He gave the reason to the INE to modify the guidelines for the revocation of the mandate. Although Economy forgets, for example, when the Court (as President López Obrador sought it) made the Electricity Industry Law valid, which today is a problem with the United States and private investment.
Beyond the debate, it is good that Economy, with Clouthier at the helm, is discussing these issues of competitiveness in an official statement, especially from independent organizations and with serious work such as the IMCO, directed by Valeria Moy. The debate helps what is needed, to be more competitive, where, unfortunately, we are at low levels worldwide.
- WHAT IF THE NATIONAL TEAM PLAYED WELL?
In business, the rivalry between Coca-Cola and Pepsico is famous. Soccer has been one of his main encounters, sometimes not very sporty. And now both companies are preparing for Qatar, where Coca-Cola usually has a history of having resumed its commercial alliance with the national team, having had that relationship for more than 40 years.
But Pepsico was not far behind. He has always entered through other doors, this time was no exception. Pepsico sponsors the national team for Qatar with Sabritas and Gamesa. Competition begins in travel to consumers, in sponsorships and, of course, in exhibition. The sponsorships were achieved by the Federation, now, can you imagine if the Mexican National Team was playing well?