What to make of Mexico’s new labour law, which finally met with approval from the country’s Senate this week and is expected to be signed into law any day now?Read some of the international coverage, and you might form the idea that the law is a watered-down initiative that fails to open up the dark and murky world of Mexico’s powerful unions. And you’d be right – sort of.The final law no longer forces unions to carry out secret ballots, as the initiative had proposed at one point. Nor does it uncover union accounts, which remain far beyond public scrutiny.But to stop the analysis there would be to miss the point of the reform. For what Mexico is about to put into practice is not only the most significant shake-up to the labour laws in 40 years but also a huge boost to the country’s future potential growth.

via Why Mexico’s labour reform matters | beyondbrics.