Vidal Llerenas Morales, a representative of the Movement for National Regeneration (MORENA) party in the Mexican Chamber of Deputies, visited Georgetown on November 30, 2017 to discuss the Inclusive, Innovative, and Sustainable Industrial Development Law, which he introduced in May of this year and made the subject of his book, “Industrial Policy for Mexico Based on Innovation: An Inclusive, Sustained, and Sustainable Approach.”
The conversation was moderated by Dr. Alvaro Santos, Professor of Law and Director of Center for the Advancement of the Rule of Law in the Americas (CAROLA) at Georgetown Law, and hosted by the Center for Latin American Studies. Throughout the event, Llerenas Morales emphasized that Mexico should not only promote economic openness and international commerce but also develop local industries through joint efforts between the government and private enterprises.
It is possible to move [Mexican industries] towards more technology-oriented and national value-added activities.
Llerenas Morales said that Mexico needed to re-orient its industrial policy to promote the economic growth and human development that the economic policies of the 1980s and 1990s — when Mexico implemented structural reforms that culminated in its integration to the global economy – had failed to achieve through an export-oriented model alone. He also said that Mexico needed to prepare for future uncertainty in the international economic environment, with the North American Free Trade Agreement currently being renegotiated.
“[These proposals] can allow us to see differently how we can open the economy and also how we can react to the end of the NAFTA,” Llerenas said.