Mexico. One spectacular country.
Enriched by a frantic pace of industrialization and sustained by thousands of years of ritual and tradition.
There is the Mexico you thought you knew… And the Mexico you need to know.
A nation on the verge of an economic miracle. This is Mexico.
The story of Mexico has always been one that is extraordinary and enterprising. In 2010, Mexico celebrates it’s 200th year of independence, and the eyes of the world are now fixed on this most vibrant of Latin American nations.
Mexico is a viable and competitive destination for American investments and capital, with a business climate that is one of the region’s most strategic and prosperous.
For the first time in decades, Mexico is seriously showing unprecedented reforms and advances, both political and social, that are renewing the optimism and pride of its people. Mexico is a much more democratic, pluralist and open society than it once was.
Mexico is heavily dependent on oil exports, trade with the United States, and money sent home by the millions of migrant workers in the US. Since the North American Free Trade Agreement, or NAFTA, took effect in 1994, trade with the US has been the single most important factor in Mexico’s wealth. It is now the world’s 12th-largest economy and the United States’ third-biggest trading partner.
A Vision of Infrastructure for the 21st Century
600 miles from Mexico City is the city of Monterrey. One of the goals of Mexico’s current administration is to have a quality infrastructure index rating. Airports such as Monterrey International Airport are a good barometer for the country’s transport infrastructure. In 1998, the Mexican government began privatizing operations within the national airport system, a policy that aided in the aviation industry’s remarkable growth. Today, Mexico has the most developed airport infrastructure in Latin America.
Monterrey’s industrial prowess makes the state of Nuevo Leon a pillar of the national economy. This growth, along with new entrants into Monterrey’s business scene, is fueling various construction projects. While Mexico’s construction industry is feeling the effects of the global recession, the impact is not as great as past economic downturns. Large industrial and infrastructure projects are still going forward as the government steps up public works spending and private financiers take advantage of lower material and labor costs. No project is too big for Mexican construction firms, with a reliability and impressive track record to rival its American counterparts. The stimulation of construction is a way to spur Mexico’s economic growth. And in Monterrey, the country’s architectural and infrastructural vision of the 21st-century is on brash display.
Mexico has the second-largest information technology market in Latin America. Combined with an acceleration in economic activity, the introduction of new technologies and significant increases in infrastructure investment, this has set the stage for a rapid rise in telecom revenue and density.
But a dark cloud still hangs over the sector. Telmex, Mexico’s main telecom company, has been a de facto monopoly since the 1990‘s. In 2010, Forbes Magazine ranked business magnate and Telmex owner Carlos Slim as the richest man in the world. Carlos Slim has had a lot of help from the government, and his competitors are furious about his significant monopolies and regulatory control.
Monterrey businessman Gustavo de la Garza is one of the people going against Carlos Slim’s tyranny.
A cost-competitive advantage to healthcare
Mexico, and Guadalajara in particular, is fast becoming a destination of choice for American patients looking for both a financially-reasonable and value-added treatment option for their medical needs.
Many private medical centers in Mexico accommodate up-to-date technology and continuing education for its staff, usually within an atmosphere of extravagant comfort that has yet to be adopted by other hospital facilities in Latin America. Health care delivered through private organizations, operating entirely on the free-market system, is of world-class quality and available to those who can afford it.
Mexico’s multi-billion dollar tourism industry
Mexico is a big country with an infinite range of experiences. Everyone goes home with their own vision, their own image, of Mexico. And they always come back. Mexicans treat American visitors to their beautiful country with a warmth and courtesy that is uniquely Mexican.
Mexico savors a cultural blend that makes it unforgettable. Even the rapid development and urbanization brought about by economic growth and tourism has not changed the soul of Mexico.
Mexico presents opportunities to American investors as vast and diverse as the country itself. Mexico’s economic outlook is promising, but much still needs to be done to ensure that the country benefits from globalization. One thing is certain: its political and economic partnership with the United States is one that is beneficial for both countries and is meant to last. Bienvenido a Mexico! Welcome to Mexico!