Advances in Economics and Business Vol. 7(1), pp. 55 - 64
DOI: 10.13189/aeb.2019.070106
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Economic Development in Mexico and the Role of Blockchain


Fabian Zbinden , Galia Kondova *
School of Business, University of Applied Sciences and Arts (FHNW), Switzerland

ABSTRACT

This paper studies recent economic and political developments in Mexico and the potential role of blockchain technology in improving governance and fighting corruption in the country. Mexico badly needs innovative solutions to fight the persistent problems of corruption and inefficient governance. At the same time, blockchain, being a decentralized technology, promises to reduce administrative costs and ensure transparency in the public services. The paper takes stock of the current state of blockchain implementation in the economy and in the public administration of Mexico as well as studies the advantages and disadvantages related to the further outspread of the technology in the country. Moreover, the work aims at drawing policy recommendations as to the future role of blockchain in the public management and economic development in Mexico.

KEYWORDS
Mexico, Development Economics, Blockchain, Public Services

Cite this paper
Fabian Zbinden , Galia Kondova . "Economic Development in Mexico and the Role of Blockchain." Advances in Economics and Business 7.1 (2019) 55 - 64. doi: 10.13189/aeb.2019.070106.