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Mexico as the Primary Beneficiary of IRA: Exploring Its Challenges
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  • Mexico as the Primary Beneficiary of IRA: Exploring Its Challenges
저자명
Sungwoo Hong
간행물명
KIEP Opinions
권/호정보
2023년|pp.1-3 (3 pages)
발행정보
대외경제정책연구원|한국
파일정보
기타|ENG|
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영문초록

The reorganization of supply chains around the United States or North America represents a major opportunity for Mexico to further enhance its integration into global value chains (GVCs) and boost economic growth. Similar to other countries in Latin America, Mexico is seeking to achieve high-value industrialization by moving away from low-value industries such as resource extraction, basic manufacturing, and assembly. However, for this opportunity to really improve the structure of the Mexican industry, it is imperative that the Mexican government increases its investment in education, R&D, logistics, and infrastructure.