The future looks brighter for Mexico, according to AMR Research reports, despite the 46 percent decrease in Foreign Direct Investment, an estimated loss of half a million jobs in the first half of this year, H1N1 flu virus, drug wars. The slump in investment is mostly due to the global recession, not to economic mismanagement as in the past.
Companies looking to expand in Mexico outnumber those planning to cut back by 5 to 1, compared to outsourcing competitor China’s ratio of 2 to 1. Mexico has enhanced its position as a global manufacturing and design base for products from appliances to aircraft parts. For example, Business Week reported Sylvia movie download Shipwrecked psp A Walk to Remember video Jeepers Creepers II rip in April that the country’s exports of aerospace products have nearly tripled to $3 billion since 2003.
Local governments collaborate with universities and private industry to upgrade their workforces, parts supply networks, research and development programs and infrastructure. And the value of the peso against the dollar has dropped 41 percent since August, making Mexico an even cheaper place to manufacture goods.
Brian, scary thoughts if you think about it. If our government would cut the corporate tax rate to 10%, the united states would be the new place to be in business. What are your thoughts for competing with Mexico?
I’d look at Mexico more as a business partner rather than a competitor. Before we ship our business services offshore(who then ship it to Mexico), perhaps we should look to our northern and southern neighbors directly.