What was a stated goal of Mexico's structural reforms in the 2010s?

What was a stated goal of Mexico's structural reforms in the 2010s?

• A. A return to protectionist policies.
• B. A focus on isolation from global markets.
• C. Aimed to liberalize and modernize the economy, attract investment, and diversify growth; some reforms faced resistance.
• D. To nationalize all industries and reduce foreign investment.

Answer: (C)

Structural reforms in Mexico during the 2010s were aimed at liberalizing and modernizing the economy, attracting investment, and diversifying growth. These reforms sought to open protected sectors to competition and private capital, improve productivity, and reduce reliance on a single source of growth. For example, energy reforms opened the oil and electricity sectors to private investment, telecom reforms increased competition, and tax and labor measures aimed to streamline business and boost efficiency. The goal was to make Mexico more attractive to both domestic and foreign investors and to create a more diversified, resilient economy, though some groups pushed back against specific changes. The other options describe opposite approaches—returning to protectionism, isolating from global markets, or nationalizing industries—which do not reflect the stated aims of these reforms.

Structural reforms in Mexico during the 2010s were aimed at liberalizing and modernizing the economy, attracting investment, and diversifying growth. These reforms sought to open protected sectors to competition and private capital, improve productivity, and reduce reliance on a single source of growth. For example, energy reforms opened the oil and electricity sectors to private investment, telecom reforms increased competition, and tax and labor measures aimed to streamline business and boost efficiency. The goal was to make Mexico more attractive to both domestic and foreign investors and to create a more diversified, resilient economy, though some groups pushed back against specific changes. The other options describe opposite approaches—returning to protectionism, isolating from global markets, or nationalizing industries—which do not reflect the stated aims of these reforms.