An important risk aspect to take into account is the possible inflation to be generated by the economic expansion that is achieved, although, in the opinion of some, this is not conflictive given the economic growth itself, certainly inflation is one of the major problems of any economy and especially the main responsible for the number of poor people in Mexico.
Therefore, at least with the autonomy decreed to Banxico in 1994, and its effectiveness in 1996, has been attacked as a central element to limit economic losses and perhaps the best moments of previous years have occurred from drastic decreases in inflation.
The free zone, zero import taxes, probably less paperwork, will cause at least an exaltation in the operation of the commercial sector on the northern border. It can even happen in national manufacturing, agroindustry and maybe a little in the Maquiladora.
There is no conceivable way, that this liberation causes a regression in economic growth, at least in principle of economic theory. But, if that growth occurs only because of the impulse of a specific tax release, then there is a great risk that a derivative, is to generate an exclusive inflationary cycle for the exercise of the free zone, which at least, must be taken into account.
And is that although in principle fewer import taxes, presumably imply lower price per product, to increase the demand for these, the expected is that prices, in general, are sustained or rise, but immediately, if eventually.
The precise ways to avoid or contain inflationary cycles is to attract competition, that is, more economic agents offering; as well as raising the productivity of economic agents.
We will continue with the topic ...
(continue at 5th part)
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