Why Mexico Is The Modern For The Rest Of Latin America?
When the head of the IMF described Mexico as a nation which might be a model for the remainder of Latin America, she was looking at the way in which Mexico had started to improve its economy(economia). The state has settled itself on a firm economic foundation that can not just ensure continued success for its own people, but which is also attract foreign investment from across the world, bringing a much needed injection of money into the market and giving foreign corporations a secure location on which to manufacture their merchandise nearby to home.
The approval of the IMF has caused many foreign investors to consider Mexico in a new light and opt for to place a number of their capital in the Latin American country. The IMF head noticed that Mexico was in a rather unique position, having the power through foreign investment to shape the worldwide financial situation, whether that is negative or positive.
Unlike other countries, like the US and the UK, who are forced to cut back on investment, and are accused of harming businesses due to lack of chance, Mexico is running streets ahead of the pack, with a pattern of encouraging technological advances that is just matched by that super-power of the production line, China.
Being second to China is no mean feat for a small country which has had its share of problems, however by deciding to put their people first, and inspiring a round of foreign investment through recent legislation designed to encourage new business ventures, Mexico has turned the corner. By being one of the few nations encouraging innovation, Mexico is not only encouraging foreign investment, however is also guaranteeing that its next generation of business individuals are technologically advanced and ready to embrace change. In a recent review, it had been calculated that just around 45% of people in the US and also the UK are eager to welcome new advances in technology, whereas a similar survey suggested that over 80% of Mexicans are eager to use technology to advance their businesses.
By encouraging foreign investment(inversion extranjera) from legislative changes and at the same time making certain that their own business-people are able to cope with the technological demands of the future, Mexico is placing itself in a perfect position to become the number-one location for investment from international corporations. Mexico has learned how to open itself up to the worldwide economy and this is why the IMF thinks it to be a role-model for other Latin American countries.