Newly minted Mexico must innovate

Mar 12, 2014

MINT is the new BRIC, according to Fidelity, a Boston-based asset management firm. The term, referring to the rapidly developing and growing nations of Mexico, Indonesia, Nigeria and Turkey, has moved into popular economics courtesy of Jim O'Neill of Goldman Sachs, who coined the term BRIC to refer to the earlier upward mobility of Brazil, Russia, India and China. However, while Mexico has certainly moved into the top 15 nations in terms of growth of its GDP (gross domestic product), according to a study published in International Journal of Technology, Policy and Management it remains consistently among the weakest performers in the OECD (Organization for Economic Co-operation and Development) in terms of research and development.

Nora Cristina Holguin-Pando of the Saskatchewan Institute of Applied Science and Technology, in Canada, and colleagues at the University of Saskatchewan, point out that land, labor and capital were the drivers of the industrial revolution and the growth of economies during the twentieth century. However, knowledge creation and mobilization are what pushes growth in the 21st century. They suggest that this is proving a difficult transition for many developing nations and there are many speculative reasons why. However, it seems that a lack of a significant response to a national system of innovation in Mexico led to a much lower degree of progress and innovation through the early 2000s in that country. This emphasizes once again an apparent lack of trust between Mexican society and government and has been to its detriment in terms of R&D, despite the country's illumination to MINT status.

The researchers' analysis of Mexico's innovation limits suggests a far more linear progression that might be anticipated for a developing nation making a successful transition into a thriving knowledge economy to compete with those parts of the world that already made the transition. "The industry-government gap has to be addressed if transitioning economies are to develop and advance," the team suggests, their research highlighting the negative impact fundamental, structural gaps can have on a nation.

Explore further: Launching a new brand: Is partnering with a popular brand a good idea?

More information: Holguin-Pando, Nora Cristina. "Technology transfer in transitional economies: the case of Mexico" in Int. J. Technology, Policy and Management, 2014, 14, 111-132.

add to favorites email to friend print save as pdf

Related Stories

Medal model predicts Winter Olympics leaders

Nov 28, 2013

Sochi on the Black Sea coast in Russia will host the XXII Olympic Winter Games and XI Paralympic Winter Games in 2014 which country will win what number of medals is open to debate. A study published in the International Jo ...

Old age futures a concern in many countries

Jan 30, 2014

A new study finds that people in nations where the population is aging less swiftly, such as the U.S, are less likely to be worried about their old-age futures than those in parts of Europe and East Asia that are grappling ...

US lead in science and technology shrinking

Feb 06, 2014

The United States' (U.S.) predominance in science and technology (S&T) eroded further during the last decade, as several Asian nations—particularly China and South Korea—rapidly increased their innovation ...

Governing economic growth in the cloud

Nov 14, 2012

Gross domestic product (GDP) can be boosted by cloud computing, the system in which remote computers on the Internet are used to store, manage and process data rather than the users' local machines. A report to be published ...

Recommended for you

Professor analyzes role of trade sanctions against Iran

19 hours ago

Israeli Prime Minister Benjamin Netanyahu addressed Congress on Tuesday as about 50 Democratic lawmakers threatened to boycott the address, offering the latest and one of the most clear microcosms of the debate about Iran's ...

Think twice about investing in own company

22 hours ago

Employees whose retirement plan is invested in stock of the company where they work do not pull out money as the firms approach financial distress, a recently released, but yet to be published paper, co-authored ...

When performance comparisons spur risky behavior

Mar 02, 2015

When you're at work, there are two types of people you compete with: People with similar responsibilities at your own company, and rivals with similar duties at other companies. How do those different flavors ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.