G20 GROUP: 14 years of success and clear direction for the future of Mexico

By ALEJANDRO MORENO

Note: This is a guest post. Content may or may not reflect my own opinions.

Each meeting of the G20 highlights success stories of G20 nations who reinvent their country from the trenches and drive home the fact that global challenges cannot be met without the cooperation of other countries. Over the past fourteen years, Mexico has presented itself at the G20 as a savvy and creative economic power, determined to help lead global development in the decades to come.

The G20 plays a vital role in meeting the needs of emerging market economies, and gives Mexico a global platform to express its views and concerns to
governments. The meeting enables thought and discussion across a wide range of topics, emphasizing the benefits of globalization and encouraging consideration of emerging market in different context. They provide technical assistance for development of policies, strategies and plans to deal with risk factors and as the Mexican President, Enrique Pena Nieto said, “We can be a positive, proactive door in the world, a nation serving the finest causes of mankind”. Like the economic crisis in 2008, Mexico approached the crisis with a request to allocate aggressive social programs and funds to implement strategies that reduce extreme poverty, including private and public investment to create work, and demonstrate innovation to produce bridges for joint action between diverse organizations that promote integration, sustainable development and a culture of peace.

Engaging Mexico in the work of a complex intergovernmental organization is a
challenging task, because today “the country is not just an important manufacturing center, but is on track to become a world-class design, research and development center” said Ernesto de Lucas Hopkins, CEO of ProMexico. A great example of successes, promising practices and lessons learned is a powerful and a very practical way to strengthen and promote meaningful engagement in G20 work. This work, of course, cannot be undertaken by a single country. That is the reason why Mexico communicates and works with governments to improve domestic and international solutions to keep markets open and build integrity. The growth and development of the Mexican economy has major implications for governments, communities and the environment. We are living in the most critical moment in history, facing crises in the environment, the global economy, finances and global security, among others.

In recent years, the Mexican government has created thousands of jobs, generated millions of dollars in exports and foreign direct investment. Noticing the commotion, the Secretary of Economy Ildelfonso Guajardo said, “We must be a government that promotes equivalent development”. Moreover, the government has worked hard to develop a significant pool of skilled labor and world-class talent. As a result, the nations standing has raised and G20 members have turned their attention to Mexico as a dynamic country that can face difficult times. All of these factors continue to create conditions for Mexico to retain its place as a competitive and economically stable country that drives changes by taking a stand on issues and help reducing poverty and inequalities.

Christine Lagarde, the managing director of the IMF, said, “The new Latin America can give a few lessons to advanced countries, such as saving for hard times and guaranteeing control of banking system risks”. Her observation resonates in Mexico and within the G20. Modern economies are interconnected, and require coordination locally, regionally, nationally and globally. These actions will offer people new opportunities in obtaining quality education, social change, obtaining work, insuring financial stability, open trade, reducing poverty and solving the world’s toughest problems. “The nations can not ask people be patient. They need to figure out how to address this”, explain U.S. Rep. David Dreier, a Republican from California. There are many reasons to consider Mexico a success in its G20 participation. Its experience has given Mexico the strength to overcome any crisis and represents the global knowledge base for intergenerational partnership and transferring knowledge and know-how through the experience of emerging markets. From the collaboration in G20, Mexico started “confronting a scenario less uncertainty and less volatility than was a time ago” Secretary of Foreign Affairs, Jose Antonio Meade said.

In the last 14 years, the economic relations between Mexico and G20 has achieved what we thought was impossible. The transformation continues to take place in Russia, “taking into account the experience of Mexico’s presidency of the G20 in 2012” Russia President Vladimir Putin, explained. This is a great challenge for Mexico, in which we need to focus on outcomes, develop, linkages across topics to move forward in common goals; in this way the Mexican leadership will enter into alliance of nations as a new force, called G20 Russia, and putting its own cards on the table alongside other leaders, when the interests of the major powers will positively impact the world. Now is the time to do it!

Alex Moreno is an International Business Developer at ProMexico and a Youth Advocate.

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