A new side of Mexico

By Adina Moloman

Source: The Economist, The New York Times

This info is based on a different side of Mexico that the world is not familiar with, a Mexico with a rising economy, with a huge Mexico Manufacturing industry dedicated to create sophisticated products mostly executed by a skilled labor force. A direct consequence is the increase of the middle-class population segment.

Little by little, Mexico shifts focus from violence and drug wars to economy and secure energy. There is a rapid increase of manufacturing in Mexico, making its economy to have outpaced Brazil economy in 2011 and is expecting the same for 2012.

Starting 2009 more than 200 Chinese companies have expressed interest to re establish their operations to Mexico to save on costs, around 40 multinational companies from different countries are also considering business operations under the Mexico Maquiladora Program.

According to a recent edition over US-Mexico relations published in the Economist “Mexico is already the world’s biggest exporter of flat-screen televisions, BlackBerrys and fridge-freezers, and is climbing up the rankings in cars, aerospace and more”.

Mexico is also the most energy secure nation among the 25 largest energy-consuming countries.

There is also a different approach on US-Mexico relations. Mexico shift relations with the United States toward improving the economy, loosening up trade and reconsider the migration issue.

Mexico exports 80% of its goods to the United States, US imports are coming every day more from his south neighbor than from any other nation. Mexico has gained $277 billion from exports to the United States.

The Mexican migration is changing.  Mexican immigrants or American citizens of Mexican descent account for almost 70% of the Latino community in the United States estimated at 50 million people. The balance between Mexicans who are moving to the United States and those whom are coming back home has changed. Due to economic issues where the unemployment rate in US is nearly twice as high as Mexico’s, less Mexicans are crossing the border to US and a higher number are entering south.

Positive trends are registering in US-Mexico trade and both nations also are determined continuing to work closely on fighting drugs and organized crime in order to reach higher economic levels.