AMLO’s Bet on Mexico’s South Is Paying Off—For Now

By Rich Brown

The initial success of public infrastructure investments will make them an enduring Morena priority. The gains may be a mirage.

On the back of rising public investment, two southern states put up the best growth numbers in Mexico last year, signaling what may be a historic shift: The country’s south is expanding faster than the north. This shouldn’t be a surprise; the much smaller southern economies have more room to grow. Yet the fact has grabbed national headlines because the south had been mired in remarkably stubborn stagnation for decades. Leading the scoreboard, the state of Oaxaca averaged more than 10% year-over-year growth through the first three quarters of last year. Over the same period, the...

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