Mexico :: essays research papers

Why should I set up in Mexico?Mexico has established itself as one of the biggest emerging markets in the humanness today. It has exhibited many of the signs of a high ariseth economy, offering several advantages to prospective investors. Some highlights of the Mexican economy include single-digit inflation, a balanced habitual budget, real economic growth (presently at a rate of 12 percent), a deregulated economy and a favorable investment climate and so forth Mexico also possesses a strategic geographic location as a gateway to Latin American markets.Mexico is among the fastest- growing export markets for the UnitedStates. In 1985, Mexico became the third largest market for total U.S. exports, behind Canada and Japan. In 1992, Mexico surpassed Japan as the min largest export market for U.S. manufactured goods. Mexico now has become the second most important U.S. trading partner after Canada. U.S. exports to Mexico have pornographic at double-digit annual rates in every year since 1995, culminating in an astonishing 28 percent growth in 2000. U.S. exports to Mexico grew from $46 one million million in 1995 to more than $112 billion in 2000 -- more than our 3rd and quaternate largest trading partners, Japan and the U.K., combined, and more than double the value of U.S. exports to the entire European Community.U.S. export growth to Mexico has been buoyed by strong growth in Mexican GDP. The Mexican economy grew a remarkable 7 percent in 2000. Growth declined sharply in 2001, however, in concert with the economic meanwhile in the United States. Projections for 2001 have been scaled downward from an initial 5.5 percent to a second quarter estimate of 2.5 percent, and are likely to go lower still. This could be the first year since the inception of NAFTA that U.S. exports to Mexico fail to grow at double-digit rates.Political developments in Mexico have contributed to the countrys long-term market potential. On July 2, 2000, voters elected a more plural Congress and chose Vicente Fox of the enemy PAN party as President, ending 71 years of unilateral rule by the PRI at the federal level. It is difficult to overestimate the grandness of Foxs victory, which marks the first opposition presidency in Mexicos modern era, and symbolizes Mexicos border district toward increased pluralism and more open democracy. Foxs priorities include expanding legal avenues for Mexicans seeking employment in the United States, reaching a lasting peace in Chiapas, enhancing foreign trade and investment, and reforming Mexicos fiscal policies.