Mexico

In 2018 Mexico’s economy ranked second in Latin America and 15th in the world in terms of GDP, which totalled $1.22trn, according to the World Bank. In 2019 the newly elected President Andrés Manuel López Obrador has pushed ahead with efforts to meet his pledge to tackle corruption and implement austerity measures within the government, to reduce costs and curb excessive expenditures.

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Mexico has rebounded swiftly from the pandemic as economic activity resumed and the country became the first in Latin America to begin a mass vaccination programme.

Following a difficult 2020, Latin America and the Caribbean has seen a return to growth this year. Although the region still has a long way to go in terms of its vaccine rollout, the pandemic has prompted a range of changes that will impact positively on the region in the medium to long term, among them increased digitalisation and a redoubled focus on sustainability.

After a long period as one of the least socio-economically developed states in Mexico, the administration of Hidalgo's governor, Omar Fayad, issued a series of policies designed to reinvigorate growth and transform economic activity.

Higher education institutions have a leading role to play in helping emerging economies adapt to the effects of climate change, as well as to meet their net-zero goals. This role can be roughly divided into two key areas: implementing best practices and leading on research.

Front and centre in the fight against Covid-19, the Mexican health care sector embraced digitalisation and adopted new strategies to redesign service offerings. 

As environmental, social and governance concerns become increasingly important in the corporate world, insurance companies are emerging as potentially key players in the shift away from fossil fuel-powered projects.

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