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May 24, 2010


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Macario Schettino's piece today in El Universal provides some explanation. He notes that what the state doesn't collect in taxes (and of course Mexico has the already low official tax burden PLUS the incapacity to collect) is reflected in the state's inability to protect companies from other, less formal forms of taxation - read: extortion. This can of course be overstated, but the inability to protect companies from extortion is just one manifestation of Mexico's general problems with institutional capacity and competence, which sure as hell affects growth rates.

ps here's the link

This should really be the reductio ad absurdum for the whole genre of "Country X, which shares my ideological preferences, is Super-Competitive" reports.

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