Mexican - Economist | May 8, 1950 -
The whole banking sector in Mexico was literally bankrupt. For whatever reason, instead of intervening in the sector or supporting the banks, the government expropriated them. We went through the very laborious period of selling the failing banks to the wealthy people of Mexico.
Jose Angel Gurria
GovernmentPeopleSellingReason
It doesn't really matter who owns things so long there is enough competition, which means lower pricing, better quality goods, more variety, and an economy where the consumers are the big winners.
QualityCompetitionBetterEnough
I was an economist out of the National University of Mexico, where you lived the realities of Mexico all the time.
TimeYouMexicoUniversityOut
In a country like Mexico, you can't forget about poverty - about how half of the population lives in poverty, and how half of that half live in extreme poverty.
LivePovertyYouCountryForget
Every single stage of reform becomes more difficult because you use political capital.
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Labour and land are always politically sensitive.
LandAlwaysSensitiveLabour
When, as an individual, you are not paying taxes, it is evasion. As a corporate, it is legal shrewdness or tax engineering.
EngineeringLegalYouTaxTaxes
The benefits of growth have not trickled down. Income inequalities have become one of the biggest global challenges, attracting growing attention not only in academic literature but also among policymakers globally.
GrowthChallengesAttentionDown
High levels of inequality generate high costs for society, dampening social mobility, undermining the labour market prospects of vulnerable social groups, and creating social unrest.
SocietyInequalityCreatingHigh
At the OECD, we stand ready to continue to help our member and partner countries to design, promote, and implement Better Policies for Better Lives.
PartnerStandBetterDesignHelp
Social cohesion and inclusive growth are additional crucial perspectives to incorporate into public policies, targeting a renewed social contract that reduces inequalities and benefits the whole of society.
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The OECD should promote everything that's consistent with its mandate, which is to make the world economy work better.
WorkWorldBetterEconomyEverything
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