| VIEW FROM THE TOP
STRATEGY FOR INCLUSIVE WEALTH GENERATION GRACIELA MÁRQUEZ Minister of Economy
14
Q: What will be the Ministry of Economy’s guiding
Innovation is key for our economic policy. We are convinced
principles during the current federal administration?
that only by adapting to and adopting new technologies
A: The Ministry of Economy is responsible for generating
will we be able to produce new goods and services
wealth and increasing the well-being of all Mexicans, both
based on an efficient, competitive and productive supply
of which are also the main objectives of President López
chain that integrates national added value. The Ministry
Obrador’s administration.
of Economy will support innovation through programs such as Programa para el Desarrollo de la Industria del
Mexico is about to close the second decade of the
Software y la Innovación (PROSOFT) and Programa para
21 st century with a trajectory of low growth rates and
la Productividad y Competitividad Industrial (PPCI). We
enormous regional, sectorial and social disparities.
are confident that innovation will help us close inequality
Over the past 12 years, the country has averaged annual
gaps created in the past decades.
growth of 2.1 percent, of which 69 percent originates from foreign companies, while national businesses contributed
The second pillar — diversification — is essential to promote
31 percent. Mexico still must take advantage of its close
exports of goods and services of all productive fields in the
relationship with the global economy and at the same
country, integrating those sectors and regions that have
time strengthen its productive force. In other words, the
been left out of global market participation. Investment
virtuous combination between the global economy and
in logistics, easier paperwork and the provision of market
the domestic market will help the country find the path
information will be the springboards that help national
to sustained, sustainable and inclusive growth for the
producers participate actively in international trade.
coming years. The US is already our main commercial partner but we still
Over the past 12 years, the country has averaged annual growth of 2.1 percent, of which 69 percent originates from foreign companies
have opportunities to increase the presence of Mexican products in some states north of the border. The same can be said about Canada. An increase in commercial integration and productivity in the North American region will generate significant growth for the Mexican economy. Capitalizing on other areas will also complement our trading activities. There are routes for commercial diversification thanks to the recent ratification of the Comprehensive and Progressive Agreement for Trans-
Our objective is not only to reactivate growth at high
Pacific Partnership (CPTPP), which will link the Mexican
and sustained rates but to do so with a focus on solving
economy with one of the most important economic
existing inequalities. This means generating wealth without
engines of the world, and the finished negotiations for a
leaving behind any social sector, production field or region
new treaty with the EU.
of the country. We have set three main pillars that will guide our policies: innovation, diversification and inclusion.
The third pillar that we will boost is inclusion, which
These pillars are not mutually exclusive; they complement
means promoting collaboration of marginalized regions
each other. We are in the middle of the fourth industrial
and population segments in high-productivity activities.
revolution, which is changing the way we understand production of goods and services. The challenge is to
The combination of these strategic pillars will allow us to
adopt these technologies inclusively to benefit the entire
contribute to the country’s growth and to the consolidation
population.
of our strengths according to our industrial calling and
