Institutions, Complex Societies and Fiscal Policy in Economic Development in Mexico An Objective Study of How These Three Concepts Interrelate with Each other

Abstract

We review the main characteristics of three aspects that we consider critical for economic development such as institutions, complex societies and fiscal policy, to conclude that the virtuous coordination of these elements is necessary for economic development of societies and their interaction can explain the situation that Mexico lives today. We end this work stating that it is necessary for the country to develop solid institutions, but at the same time flexible that adapt to the growth of the economy in a globalized world and simplify political systems in order to avoid unnecessary complexities.