Headlines about Mexico economy

By Adina Moloman

Sources: Voice of San Diego, Miami Herald and New York Times

In the past few months, most international media had been publishing headlines about Mexico; focusing on its promising economic start.

Naming a few stories published in the word media: How Mexico got back in the game and Mexico: the new China, both published in New York Times by different columnists; Mexico makes it, published in Foreign Affairs; Mexico: Aztec Tiger in The Financial Times; The Rise of Mexico-The Economist; Mexico’s (President Enrique) Peña Nieto has luck on his side-Miami Herald; etc.

Such a sudden turnover and such optimistic reviews are explained by the country’s economic growth of 4 percent last year, citing the U.S. economic recovery as a favorable situation when it comes to Mexico doing more business and raising exports into the US; transnational corporations from China are relocating into Mexico, registering once again a boom in the Maquiladora Industry.

All this favorable variables in an international scenario where Europe is still in crisis, China, India and Brazil are slowing down its economic growth, the international media sees a hope in Mexico to overcome all this huge economic powers.

Now, at a more regional area-European IT developers and US business developers that had the opportunity to visit the region of Baja California-California are seeing for instance in Tijuana a border city that has what it takes to become an innovation hub as Silicon Valley.

This is explained by the large number of Mexican graduates engineers per capita where many engineers are gaining their experience in Mexican Maquiladoras equipped with the last in technology, the opportunity to do cross-border collaboration, a growing local IT infrastructure, better quality, lower costs and prototypes development which can be faster than vendors in Asia, etc.

Tijuana is considered by European IT developers to host an innovation program dedicated to building new businesses around artificial intelligence.

Chris Anderson, the founder of TED and former editor of Wired magazine, has located the manufacturing for 3D Robotics in Tijuana.