Gordon Hanson's Research Featured in Council on Foreign Relations Blog
Reviving Competition in Mexico’s Economy
04/07/2011
Shannon K. O'Neil,
Council on Foreign Relations Blog
In trying to explain why Mexico isn’t growing quickly, or “why it isn’t rich” as Gordon Hanson puts it in a great paper, there is much talk about economic concentration — the monopolies and oligopolies that dominate the economy. They spread beyond just telecommunications and media – the most obvious and maligned sectors. In cement, one company alone controls almost 90% of the market. In bread, tortillas, soft drinks, hospitals, and glass production just one company controls at least 70% of the market. This doesn’t even consider those areas still under state control, such as energy and electricity.
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Gordon Hanson is the director of the Center on Pacific Economies and is a professor of economics at UC San Diego, where he holds faculty positions in the School of International Relations and Pacific Studies and the Department of Economics. He is a research associate at the National Bureau of Economic Research, a member of the Council on Foreign Relations, and a senior research fellow at the Bureau for Research and Economic Analysis of Development.
