Abstract
The last 35 years have been characterized, worldwide, for lack of economic growth and increasing inequality in income distribution and its concentration. This has resulted in increased poverty and falling purchasing power of the middle classes, which has become the most serious problem with which we enter the twenty-first century. Mexico has been no exception. This article covers the first part of the research I’m doing in the 9th. Researchers call for 2015-2016 of the De La Salle University Bajio in Leon, Mexico. In the second part I will discuss inequality in income deciles in which is statistically divided our population and the way in which the concentration of income in fewer hands is affecting the market performance. This research has required having historical series covering the last 57 years of economic and population growth in Mexico. Measure the evolution of gross domestic product (GDP) from the beginning of the presidential terms from 1959 to 2015. It has been problematic since in Mexico there are not series covering the entire period. I had to go to the World Bank data (WB) which provides them from 1960. We found discrepancies in GDP series between those of WB, International Monetary Fund (IMF), United Nations Organization (UNO) and the National Institute of Geography and Statistics (INEGI) from Mexico. The second difficulty appeared in the series of the population of our country. There are also discrepancies between census data and estimates of the same INEGI. Moreover, the series of WB and Penn World Table (PWT) also show differences between them. Converting the results of real GDP per capita to dollars had no difficulty due to information from the Mexican Central Bank (BM). The conversionto interccnational dollars as estimated by the purchasing power parity (PPP) was obtained from PWT 8.1.
Highlights
The world wide lack of economic growth and the increasing inequality in the distribution of income have become two of the most serious economic and social problems as we move more into the twenty-first century.While inequality has existed historically and is intrinsic to the capitalist system of production, it had been mitigate by the instruments of economic policy developed by John Maynard Keynes and other economists in the thirties and forties of the twentieth century
From 2012 and to this day none of the figures matches. This shows the lack of confidence of statistical departments of international organizations in the way that Institute of Geography and Statistics (INEGI) has established accounting of gross domestic product (GDP) in the base 2008
We recently heard criticism to INEGI from prominent members of the Ministry of Finance of Mexico (SHCP) to the effect that the data of GDP provided by the Institute were inaccurate
Summary
The world wide lack of economic growth and the increasing inequality in the distribution of income have become two of the most serious economic and social problems as we move more into the twenty-first century. It was a sector that had its origins in the most conservative interpretation of the neoclassical school that had established their dominance over the teaching of economics between 1880and 1910 and lost influence during the decades of the twenties and thirties of the twentieth century due to World War One, the Mexicanr evolution, the Russian revolution and the great depression that began in 1929 and will last until 1933 All these phenomena, a result of major contradictions with in the production system, opened the doors to an economic thinking called Keynesianism inspired by the thoughts of the English economist John Maynard Keynes. Informal quarterly rates for the quarter July-September 2015; the rate of informal employment was 57.8%
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