In an increasingly competitive global market, how can Mexico bolster its economy and strengthen its competitive advantages through pro-human innovation? 

In this publication for the Mexico Institute, Richard Wells Viesca, Alvaro de Garay, and Miguel Angel Valenzuela explore how Mexico can seize the opportunities that nearshoring presents and build an inclusive and sustainable economy. In order to achieve this, they argue that Mexico must address its existing problems of low productivity, labor informality, extreme inequality, regional disparities, and environmental degradation. This will mean an overhaul of the status quo in Mexico's private sector, which currently invests little in innovation and is increasingly dependent upon global value chains.