Word: reformations
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...Monterrey may be getting less competitive, as is Mexico itself. The country needs tax enforcement, regulatory reform, a deregulated oil industry and agricultural reform--in the U.S. also--if it is to maximize the potential that NAFTA offers. If not, the U.S. can expect an even larger flood of new arrivals, to whom a fence installed by Congress may as well be made of cardboard...
...prices also push up those wages, further undermining Mexican firms' competitiveness.) "For Latin America, China is an incredible opportunity as a driver of commodity prices, but for Mexico it is strong competition," says Sergio Kurczyn, an economist with Banamex, owned by Citigroup. "If I am not optimistic about structural reform, I can't be optimistic about competing with China...
There are several elements we need to reform in order to become more competitive. One is a system based on the rule of law. According to one study, the difference between developing economies that observe the rule of law and economies that don't is a more-than-3% growth in GDP. There is a lot of room for improvement in Mexico's government and judicial practices. Second, I am considering reducing the tax rate in order to promote a tax system that is competitive with other developing countries, such as China. Third, we need to create more jobs...
When Ratan took over from J.R.D. in 1991, reform was on the way and state-sponsored monopolies were on the way out. The new chairman saw the need to overhaul the firm's culture. He ordered each company to meet performance targets--to be No. 1 or No. 2 in its market--and to meet quantified goals for leadership and innovation or be sold. Tata Steel, for example, shed half its 78,000 workers between 1994 and 2005. "The Tata group's relationship with its employees changed from the patriarchal to the practical," reads the Tata code of honor, which...
...into the nation's most influential newsweekly. A devout reformist, Servan-Schreiber used L'Express to champion French decolonization and to back politicians who promised change. In 1970 Servan-Schreiber struck out into politics on his own-winning legislative and regional seats-and in 1974 briefly served as Reform Minister under President Valéry Giscard d'Estaing...