First of all, I thank the International Monetary Fund for the opportunity to be here this afternoon. I would like to take advantage of Stanley Fischer’s remarks this morning inviting us to have an open and critical discussion about equity and economic policy design. I would like to draw on Mexico’s experience and, more broadly, from Latin America’s experiences. I will make three points that I think are important for equity and economic policy, some of which might have some bearing on the recent crisis in Southeast Asia.