Economy in Mexico May Not be Doing So Bad After All The Yucatan Times
go to original November 7, 2015

Reforms Could Change Mexico Economy for Years to Come: Gerardo Rodriguez (Bloomberg Business)

Experts and opinion leaders are trying to explain how Mexico’s economy is standing and increasing with current situations affecting some industries and other economies in the region. According to a Forbes article, there are various circumstances that help or maintain the economy in Mexico, which ultimately position Mexico as one of the leading economies in Latin America.

Global manufacturing companies have favored Mexico, as they see the country’s geographical location (between two continents and two oceans) as a strategic and beneficial key point, in addition to Mexico’s free-trade agreements with 45 different countries. These are very attractive assets for the manufacturing industry, for example the automobile industry, which has positioned Mexico as the world’s fourth-largest car exporter.

Nonetheless, the success of a leader in the car manufacturing industry doesn’t permeate all over the country; there is a wide gap on those who benefit from the increasing economy, to those who live isolated and remain impoverished.

Another interesting and astounding fact is that these factories aren’t able to provide enough jobs for the 55 million Mexicans under the age of 25, and it’s the small-scale business that provide enough jobs to satisfy this demand. As a matter of fact, it is these businesses that could raise the country’s productivity with a relatively small investment.

Read the rest at The Yucatan Times

Related: Mexico Outgrows Other Economies (The News)

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