On the positive side, nearshoring from the United States and a favorable trading and investment environment have bolstered Mexico's economic prospects. However, on the downside, a flawed domestic policy, institutional erosion resulting from populist measures, and an increased influence of criminal organizations, notably impacting this year's presidential elections, pose significant challenges.
These are the main conclusions of a new report by the Baker Institute at Rice University analyzing Mexico's outlook for 2024. The document delves into several areas, among them the economy, legislative agenda, education and political and diplomatic relationships.
