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 Editorials | Issues | July 2007 
Mexican Population May Make or Break Economy
 UPI
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 |  | Early signs suggest that President Calderon and his administration are committed to implementing the reforms that could energize the economy, raising the chances that the more optimistic scenario will materialize.
- MAPI economist Fernando Sedano |  | | Mexico's falling birth rate and increasing elderly population could make or break the country's economy, according to a U.S. industry group.
The Manufacturers Alliance/MAPI reported Tuesday that there could be two distinct scenarios unfolding over the next two decades. On the one hand, as the country's fertility rate continues to decline and the overall population ages, fewer Mexicans may be able to afford U.S. products. That, in turn, would continue to push Mexicans to migrate to the United States for more economic opportunities.
On the other hand, Mexico could press ahead with economic and institutional reforms that will attract more investment, which in turn would allow a more educated and richer workforce to flourish.
"Early signs suggest that President (Felipe) Calderon and his administration are committed to implementing the reforms that could energize the economy, raising the chances that the more optimistic scenario will materialize," said MAPI economist Fernando Sedano.
In his report entitled "Mexico's rapidly changing demographics and their long-run economic significance north and south of the border," Sedano added that "taking into account the nature of a highly divided Congress, the successful implementation of a comprehensive fiscal reform, as well as other desired reforms, depends on President Calderon's political clout, a fact that remains to be seen." |
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