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Wednesday, June 22, 2011

Made in Mexico: The New China

It's no secret that Mexico's economy is booming...but did you know that it's becoming the new China in terms of exports? Mexico's place as an emerging market is largely due to it's export industry. Mexico's share of the global export industry was 12.5% in 2010, the highest in a decade. While the perception has been that China's cheap labor and large production capabilities are greater than Mexico's, the Financial Times states that Mexico could become the U.S.'s second-largest source of imports.

What are your thoughts on the subject? Do you think Mexico is bound to become the next China? In what ways?

Please leave me your comments below :)

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