6min chapter

Ones and Tooze cover image

Tech's New Trillionaire

Ones and Tooze

CHAPTER

The Mexican State and the Importance of Development

The Mexican government doesn't really invest very significantly in its own country. Is that related to a sort of broader governance failure, vis-à-vis the drug cartels? The IMF chided Mexico's notionally left-wing government for failing to invest heavily enough and to spend heavily enough in social protection and poverty relief during the COVID crisis. And if you've got a huge booming oil and gas industry, like Russia has, then you can still have quite considerable state spending.

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