Newly minted Mexico must innovate

March 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: Governing economic growth in the cloud

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.

Related Stories

Governing economic growth in the cloud

November 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 ...

Medal model predicts Winter Olympics leaders

November 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 ...

Old age futures a concern in many countries

January 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

February 6, 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 capacities. ...

Recommended for you

Who you gonna trust? How power affects our faith in others

October 6, 2015

One of the ongoing themes of the current presidential campaign is that Americans are becoming increasingly distrustful of those who walk the corridors of power – Exhibit A being the Republican presidential primary, in which ...

Ancient genome from Africa sequenced for the first time

October 8, 2015

The first ancient human genome from Africa to be sequenced has revealed that a wave of migration back into Africa from Western Eurasia around 3,000 years ago was up to twice as significant as previously thought, and affected ...

The hand and foot of Homo naledi

October 6, 2015

The second set of papers related to the remarkable discovery of Homo naledi, a new species of human relative, have been published in scientific journal, Nature Communications, on Tuesday, 6 October 2015.

Mexican site yields new details of sacrifice of Spaniards

October 9, 2015

It was one of the worst defeats in one of history's most dramatic conquests: Only a year after Hernan Cortes landed in Mexico, hundreds of people in a Spanish-led convey were captured, sacrificed and apparently eaten.


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.