The Mexican economy faces numerous challenges, including a large informal sector, the global decline of oil prices and other socioeconomic factors. Amid these challenges, Mexico’s economy has close ties to the international and U.S. economies.
What’s more, in 2015, only 27% of Mexico’s adult population reported having a good job, which Gallup defines as 30 or more hours of work per week for an employer who provides a regular paycheck.
One way that the country can confront those challenges is by promoting entrepreneurship, which would help boost its employment opportunities and economy. Mexico City — one of the most densely populated regions in Mexico, with a population of over 21 million people in the metropolitan area — is doing just this, and it’s looking to the next generation of entrepreneurs for help.