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Mexican President advocates development concept

Mexican President advocates development concept

Mexico City, Feb 2 (Prensa Latina) Mexican President Andres Manuel Lopez Obrador on Wednesday advocated at his morning press conference the concept of development over that of growth, considering it more comprehensive.
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This way, he responded to the fund-monetarist schemes that two consecutive quarters of zero growth are an indicator of economic recession, which in his opinion is not entirely true.

He considered that the concept of development is broader, more comprehensive and integral than that of growth, since it has to do with numerous factors, including social welfare and equality, and not only wealth, which is concentrated in a few hands.

He pointed out that, on many occasions, when there is great growth, social inequality increases, which is an incongruity.

Lopez Obrador presented a graph from the World Bank and the Organization for Economic Cooperation and Development (OECD) on inequality in Mexico, which shows that in the period of greatest privatization and plundering of wealth, inequality in this country deepened as never before.

He described as a technocratic approach that which has nothing to do with the people’s welfare and is reduced to evaluating only the Gross Domestic Product curve and not its distribution, which marks the levels of parity in the national income.

He said he is satisfied because Mexico continues to grow and is coming out of the crisis aggravated by the Covid-19 pandemic and the perspective is that this course will continue because the Omicron variant is losing strength.

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