Business opportunities in Mexico human resource development

• Main Authors: Ang, Wei Neng, Chen, Anna Heung Kwan, Giam, Cheong Leong, Zhang, Yi
• Other Authors: Sun, Qian
• Format: Theses and Dissertations
• Language: English
• Published: 2008
• Subjects: DRNTU::Business::General::Economic and business aspects
• Online Access: http://hdl.handle.net/10356/7289
• Institution: Nanyang Technological University

With a total population of approximately 100 million and about 56% of the population below age 24, one million young Mexicans are expected to join the workforce each year. Hence, a challenging task for the government has been job creation for past decades. Although the official unemployment rate for urban population is low at 2.1% in year 2000, one needs to interpret the figure with caution. This is because the informal sector, estimated at more than one-third of the GDP and involving about 25% of the working adults, has not been taken into account. The newly elected Fox administration has the formidable task of reforming the educational system and raising funds to increase education spending. One recommendation is to allow for more private sector participation in running the public educational institutions, which will make public spending on education more effective and cost-efficient. From a foreign investor point of view, there is considerable demand in all aspects of education, namely international schools, private schools for primary and secondary education, higher education institutions and vocational training facilities. Renowned overseas education institutions could take advantage of the advent of internet technology and liberalisation of the telecommunications sector in Mexico to provide quality courses remotely. Greater participation from the private sector will not only help to set benchmark for the public schools, it will also serve to fill the enrolment gap due to growing demand for enrolment places each year.