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 Business News | June 2008 
“Mexican Economy on the Right Track”: Felipe Calderón
 Presidencia de la República
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 |  | Mexico will be the world’s fifth largest economy.
- President Felipe Calderón |  | | | |
Mexico City - President Felipe Calderón declared that his government's strategy in on the right track for making Mexico one of the world's five leading economies, in terms of strength, size, power and opportunities for welfare for all Mexicans.
During the opening of the 17th Business Table with the Government of Mexico, "How To Promote Sustained Growth in an Adverse Global Environment" organized by The Economist magazine, President Calderón explained that Mexico has advantages that this government should promote on the global stage, such as stability, and economic and financial solidity, even in terms of inflation.
He recalled that just last year, Mexico registered the lowest inflation in all of Latin America and pointed out that the country is in a strategic geographic position linking it to all the economically significant regions.
His government's strategy is based on five areas for promoting the country's development: the rule of law and safety on the streets; a competitive economy and one that will create jobs. Other areas include an active social policy in terms of equal opportunities, commitment to the environment as well as institutional reinforcement.
The president stressed that the energy reform proposal will serve to strengthen Petróleos Mexicanos (Pemex) but that there are other reforms involving labor, telecommunications, deregulation and education to raise teaching standards.
President Calderón explained that he is transforming the country into a competitive economy to ensure that there are equal opportunities to make Mexico a better place in which to invest.
At the same time, he referred to the fight his government is waging against organized crime and drug trafficking, saying that: “If you see dust coming out of the windows, I would say, don’t worry, we're doing some housecleaning, but we’ll finish the job.”
The President said that his government is dealing seriously with crime, which obviously creates tension and violence among the gangs which in some cases, are fighting over increasingly small territories.
"It's a strategy that entails costs like any other war: such as time, financial resources and unfortunately human lives, but we must continue our efforts," he explained. |
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