Macroeconomic Profile for Mexico

Mexico is a fascinating country for students to look at as part of their studies in economic growth and development and macroeconomic policy. The country has an enviably low rate of unemployment and has made important progress in lifting per capita incomes for many of their 100 million plus inhabitants. But inequality remains very high, the economy is dominated by monopolies and there is also a huge informal, low productivity economy which needs to be addressed for future growth and development to be more inclusive. Can Mexico avoid a middle income trap?