Lack of reforms increases costs of economic development.

Internet Securities, June, 2003

MEXICO CITY, Jun 25, 2003 (Notimex/Corporate Mexico by Internet Securities, Inc. via COMTEX) -- The lack of structural reforms increases the costs associated with the economic development of Mexico, said the director of Economic Studies for Banamex. Alberto Gomez Alcala reported that despite this fact, an improvement in the United States' economy would bring with it the economic recovery of this country.He disdained the lack of an internal motor of growth that could have prevented the U.S. recession from effecting the Mexican economy to such a degree. Weak salaries, lack of job growth and the reduction of private investments are all a result of the reduced U.S. market for Mexican exports, he said.Nonetheless, he mentioned that the financial variables have been positive...

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