Mexico Economics Blog

I am the first member of my family born in the United States. Most of my family comes from a small town in Guerrero, Mexico. This area of Mexico is extremely poor. The farm that my father grew up on doesn’t even have hot water or very much electricity.

Needless to say, this has always puzzled me. How could a country with so many natural resources be so poor? Don’t get me wrong, I’ve heard the general answers, answers like “there needs to be more Capitalism”, or “there is too much corruption” etc. But I want more specifics. I want actual legislation problems or specific things that can be done.

That is why I was thrilled to find out that Tyler Cowen, Professor of Economics at George Mason University, is in Mexico and occasionally finds time to blog about Mexico specific things. You can find his blogs on his observations in Mexico at Marginal Revolution. A couple that I found interesting is the most recent one of his visit to a small town in my Father’s home state and the one about Kidnapping in Mexico. He’s also commented on the large amount of internet cafes in Mexico and about their judiciary system.

The blog is overall a good read and something worth keeping an eye on. I’ll probably also buy his book that deals specifically with Guerrero, Mexico. It is due to come out next year.

4 Responses to “Mexico Economics Blog”

  • You say “The farm that my father grew up on doesn’t even have hot water…” –
    My father in his youth was a driver for an entertainer – when in Florida, Dad noted that solar hot water was veryry common, and this was 75 years ago. Are you telling me that Mexico has not discovered solar heat?

  • I’m sure it has, there are many parts in Mexico that have hot water. Every other place in Mexico I’ve been to has it. However, in the
    area my dad grew up, Apaxla, it’s up in the hills, very secluded from the main city life. From what my dad tells me, it is one
    of the poorest areas in Mexico. The area is known for a high degree of murders, and violence.

  • One of the essential elements in a successful economy is the rule of law – “Equal justice under law” as inscribed on the facade of the US Supreme Court. Without it there is incentive for the investor to look elsewhere.

  • Diana Hernandez

    I personally think that life in Mexico is sad. Kids are out on the streets all night without eating, they rather be out there than at home getting yelled at by there drunk dad or pregnant mom. Thats why people move over here to the United States because they have too many kids and then they can’t feed them or give them the clothes they need. People sometimes run out of jobs or they don’t get paid enough money to maintain their families with a roof over them. You know what I mean, I don’t even have to tell you because you oviously know what I mean. Well, thats my opinion about life in Mexico.

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