Leftist AMLO launches effort to explain his economic plan

Presidential candidate Andrés Manuel López Obrador seeks to “clear the concerns planted by smear campaigns” and explains his plans for the domestic economy and sectors such as entrepreneurs…//

The team of presidential candidate Andrés Manuel López Obrador launched on Wednesday ‘Pejenomics’, a digital publication that explains the economic proposal, and was created “for those who doubt the viability of the economic program,” according to El Financiero.

“Today I want to address that 99 percent or more of entrepreneurs who want to know how the economy will work with Andrés Manuel in the government. Yes, I invite you to read Pejenomics,” says Tatiana Clouthier, coordinator of the presidential campaign, in a video that promotes the text on social networks.

The document has two objectives: to clear up the concerns planted by “smear campaigns” and to explain the general lines of the economic program.

The letter states that López Obrador’s economic project draws on the experience and advice of economists, businessmen and academics, including Graciela Márquez Colín, Carlos Urzúa, Gerardo Esquivel and Jesús Seade.

The text also includes quotes from such figures as the winner of Nobel Prize in Economics, Paul Krugman: “Andrés Manuel (…) could be an effective leader, beneficial for business and with a marked sense of social justice, a reformist government for Mexico.”

In ‘Pejenomics’ it is explained that López Obrador’s model demands fair competition and equitable benefits, places the government as an engine of economic development and proposes to reactivate the economy at the macro level. The text clarifies that López Obrador “is not against globalization.”

The text lists the six points of the presidential candidate’s national project:

1. Foster the diversity of actors in the banking sector for competition.

2. Create a public and private investment fund.

3. Increase and diversify imports.

4. Apply the policy of zero indebtedness and low inflation.

5. Encourage tourism development.

6. Encourage universal programs that trigger consumption and regional economies.

In addition, he mentions growth proposals, such as not increasing or creating new taxes, making a fiscal adjustment through public spending, supporting the production of grain crops and creating a comprehensive development plan to attract investment in the northern border.

The text also presents proposals for particular sectors:

-Support each year 200 thousand young entrepreneurs who require tools to develop their business plan and start a business

-Incursion into new sectors such as 3D manufacturing and nanotechnology

-Create innovation laboratories and encourage investment for research

-To promote the development of high technology in sectors such as clean energy, programming and robotics

-Create opportunities for forgotten groups and disadvantaged sectors

-Invest in young people. Study and work will be a right for the next generation

1. Create consortiums of Mexican SMEs to promote economies of scale.

2. Support the consortium with capital and debt through the Capital Creation Promotion Program.

3. Create a Capitalization, Industry and Technology Fund to support the development of medium-sized companies.

4. Reach food sovereignty through the reactivation of certain sectors of industry.

5. Assure small producers and farmers an integral basket of basic public services such as organization, financing and infrastructure.

Internal economy
1. Increase the production of national content in strategic sectors.

2. Start up 10 regional agrifood systems during the next six years.

3. Increase domestic tourism with packages for low-income segments.

4. Create national programs with multi-year investment goals in urban development, education, water, drainage, lighting and housing.

5. Democratize access to rural finance.

6. Achieve food sovereignty.

7. Encourage the development of high technology in the country.

Source: El Financiero

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