In particular, the underlying microeconomic structure of the economy also matters, since, to a large extent, it determines how productive and efficient a country is. Hence, besides working towards achieving a better macroeconomic management, for a long time México has also pursued policies aimed at reforming the structure of the economy.
As part of this agenda, during the past few years México has enacted a series of structural reforms whose aim is to improve human capital, enhance infrastructure, boost competition in domestic input and products markets, and strengthen institutions. Preeminent among these are reforms addressing the labor market, appropriate anti-trust legislation, education, and the financial, telecommunications, oil and electricity sectors.