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Mexico

In: G20 Entrepreneurship Services Report

Author

Listed:
  • Jian Gao

    (Tsinghua University)

  • Ruitao Jia

    (Tsinghua University)

  • Qing Su

    (Tsinghua University)

Abstract

Mexican (Mexican SMEssmall and medium enterprises (SMEs) are usually called PYMEs, and those with 0–10 employees are micro-enterprises, 0–50 small enterprises, and 50–250 medium enterprises) legislation on entrepreneurship and micro, small, and medium enterprises (MSMEs), such as the Federal Law on Competitiveness Development of Micro, Small, and Medium Enterprises (2002) and the Implementation Rules for Competitiveness Development of Micro, Small, and Medium Enterprises (2006), provides legal support for the creation, development, and innovation of MSMEs. The Mexican government’s national development strategy, such as the National Development Plan 2013–2018 and the Special Plan for Scientific and Technological Innovation 2014–2018, also proposes arrangements for promoting innovation and entrepreneurship and supporting the development of MSMEs. The Mexican government has created a more efficient market environment for innovation and entrepreneurship by promoting the SARE system to improve the efficiency of enterprise registration, providing one-stop service for enterprise registration, and abolishing the minimum capital requirements for the establishment of companies. Under the Federal Law on Competitiveness Development of Micro, Small, and Medium Enterprises, the Mexican Ministry of Economic Affairs serves MSMEs, while its National Entrepreneurship Institute (INADEM) plays an important role.

Suggested Citation

  • Jian Gao & Ruitao Jia & Qing Su, 2022. "Mexico," Springer Books, in: G20 Entrepreneurship Services Report, pages 205-217, Springer.
    • Handle: RePEc:spr:sprchp:978-981-16-6787-9_15
    DOI: 10.1007/978-981-16-6787-9_15
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