Is Mexico Becoming The Most Dominant Economic Power In The 21st Century?

In an article in The New York Times written by Thomas L. Friedman, an American journalist, columnist and author says he believes it will be. Friedman, who has written extensively on on foreign affairs including global trade, the Middle East, globalization, and environmental issues and has won the Pulitzer Prize three times, did extensive research on the subject before coming to this conclusion. In his article, he speaks about how people are constantly asking who will be the next most dominant economic power in the 21st century; China or India. However he now has the answer: Mexico. It might seem impossible for a country with only 110 million people to rival China or India in a total economic clout, but on his last visit to Mexico’s industrial/innovation center in Monterrey he learned something new... All you read about Mexico is true: drug cartels, crime syndicates, government corruption and weak rule of law hobble the nation. But that’s only HALF the story. Mexico today is like a blend of the movies “No Country for Old Men” and “The Social Network”. But Thomas says that something has happened in Mexico, it is as if Mexicans subconsciously have decided that the drug-related violence is a condition to live in but not something that would define them any longer. Mexico is now a major focus point for technology industries and the country has signed 44 free trade agreements (more than any country in the world, just more than twice as China), Mexico has also greatly increased the number of its engineers and skilled laborers. Now, combine that with cheap natural gas and the rising wage and transportation costs in China and you will no longer find it surprising that Mexico is taking the manufacturing market share back from Asia and continuously attracting more global investment in autos, aerospace and household goods....

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