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Mexico: Protecting investors from self-dealing
In 2004 Mexico’s securities market was a tiny fraction of what might be expected for an economy of its size. And while Latin America received 9% of global private equity flows, Mexico, with more than a third of the region’s income, received only a tenth of that. More companies were delisting rather than issuing new shares on the Mexican stock exchange. It was time for reform.
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Mexico: Unleashing regulatory reform at the local level
Mexico’s 31 states and 2,441 municipalities, along with Mexico City, have extensive
regulatory powers, allowing them to design, implement and enforce regulations. So regulatory reform has required not only horizontal coordination among ministries, agencies, and legislative and judicial bodies at the federal level, but vertical coordination with entities at the state and municipal levels. The regulatory reform initiative in Mexico has used an exercise of benchmarking business regulation in all 31 states and Mexico City to support this coordination and stimulate change.
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APEC: Sharing goals and experience
The APEC Ease of Doing Business action plan identifies “champion economies” to share information and experience and to assist other members through tailored diagnostic studies. The plan seeks to implement APEC’s view of capacity building as a central part in enhancing cooperation and accelerating progress.
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Mexico: Creating competition to reform among states
Publishing comparative data on the ease of doing business across various states in Mexico inspired many local governments to introduce swift reforms. The Doing Business in Mexico study proved to governors and mayors that they can improve competitiveness and create more jobs with simple reforms.
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Mexico: Compare, compete, cooperate: How subnational Doing Business helps Mexican states to improve commercial regulations
Over the past three years, the experience in Mexico has demonstrated the impact of the Doing Business in Mexico 2009 report (available in Spanish only) on state and municipal policy reforms.
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