Economic policy 7
The global economic and financial crisis offers an opportunity to look at policy making in various political systems. We can ask questions about how the policy making process works; about what ideas are most influential; about which people and groups vie for influence in making policies; and about who seem to be the winners and the losers in the process.Then we can put our comparative hats on and make some
- generalizations about economic policy making
- comparisons of the policy making process and the policies and
- evaluations of the effectiveness of the policies
The seventh example comes from Mexico.
Mexico Has Made Big Strides on Economic Policy
"Much has been written about the 'cultural' divide between Norte Americanos and Latinos. But with the burst of the asset bubble, we've learned that politicians, north and south, react similarly in the face of economic crisis.
"This commonality occurred to me over breakfast in New York last week with Mexico's minister of finance, Agustin Carstens. The University of Chicago-trained economist was explaining the rationale behind President Felipe Calderón's 'stimulus' package. I kept thinking about President-elect Barack Obama's promised further spending spree on this side of the border. The Mexican version is not nearly as ambitious but the concept is the same...
"Mr. Carstens says he is working toward eventual tax cuts and simplification of the tax code but adds that now is not the time to go there..."
Labels: economics, Mexico, policy, politics
posted by Ken Wedding @ 8:25 AM
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