Mexico Economy
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Here's Why Mexico Is Increasingly Becoming A Crucial Global Manufacturing Hub - Business Insider

Here's Why Mexico Is Increasingly Becoming A Crucial Global Manufacturing Hub - Business Insider | Mexico Economy | Scoop.it
Business Insider
Here's Why Mexico Is Increasingly Becoming A Crucial Global Manufacturing Hub
Business Insider
Mexico benefits from the North America Free Trade Agreement (NAFTA). At 44, it also has more free-trade agreements than any other country.
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This article shows how Mexico is taking more and more companies away from investing in Chinese labor and instead investing in Mexican labor.  Energy and wages are projected to be cheaper in Mexico than in China by 2015.  This bodes well for Mexico's economic future.  More and more jobs will be available, which will increase the countries GDP and lower unemployment.

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Mexico Parties Enter Final Phase of Oil Bill Discussions - Bloomberg

Mexico Parties Enter Final Phase of Oil Bill Discussions Bloomberg Mexico's two biggest parties reached agreement on key points of legislation needed to implement an energy overhaul that will end a more than seven-decade state oil monopoly, top...
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The two largest parties in Mexico's government have agreed on major points of legislation concerning the overhaul of  Mexico's energy sector.  For over 70 years, Mexico has had a monopoly on it's energy, not allowing foreign investors or private companies to compete.  Now, they are letting others come in, which will lower energy prices and increase aggregate supply for the economy

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In Move for Economy, Mexican President Seeks Foreign Investment in Energy - New York Times (blog)

In Move for Economy, Mexican President Seeks Foreign Investment in Energy - New York Times (blog) | Mexico Economy | Scoop.it
Yahoo! News In Move for Economy, Mexican President Seeks Foreign Investment in Energy New York Times (blog) MEXICO CITY — President Enrique Peña Nieto of Mexico on Monday, pushing one of the most sweeping economic overhauls here in the past two...
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This article depicts President Pena Nieto's campaign to open the energy sector of the Mexican economy.  In Mexico's Constitution, it prohibits private investment in energy.  However, this has had many consequences, and the demand for energy is skyrocketing, providing a need for more energy.  The President thinks private investment will help with that.

For the future, private investment in energy will help the economy.  Resource prices will decrease, which will increase output in the country.  The blockade of private investment was not a good economic decision in the first place, and should be overturned to allow for future growth.

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UPDATE 2-Mexico inflation cools in March, below central bank limit - Reuters

UPDATE 2-Mexico inflation cools in March, below central bank limit Reuters MEXICO CITY, April 9 (Reuters) - Mexican inflation fell below the central bank's 4 percent limit in March, cooling a bit more than expected and backing bets for steady...
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This article talks about the inflation in Mexico during the first few months of 2014.   It had spiked in January and February to around 4.3%, but it has since cooled to around 3.75%.  Policymakers have tried to keep inflation around 3.5%, which is a little higher than the U.S., but not too high to be bad for the economy.  If inflation had continued to rise to 5%, there would have been negative consequences for the economy.

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The Latest - Mexico | American Chamber of Commerce of Mexico | 11510, México

The Latest - Mexico | American Chamber of Commerce of Mexico | 11510, México | Mexico Economy | Scoop.it
Details of American Chamber of Commerce of Mexico news.
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This article reviews President Pena's first sixteen months in office.  While his first few months were filled with successful reforms, they haven't had as much success as they were projected to.  However, consequences have been limited.  When taxes were supposed to increase inflation, the central bank kept inflation limited.  Also,  the future is very bright for Mexico.  Economists are predicting the economy to grow 5% by 2016, a very good number.

 

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Mexico: What If the Reforms Fail? - Huffington Post

Mexico: What If the Reforms Fail? - Huffington Post | Mexico Economy | Scoop.it
Mexico: What If the Reforms Fail?
Huffington Post
The year is 2030.
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This article talks about why the reforms of the past few years haven't had as large of an effect as planned.  There are a few major reasons why this has happened.  First, productivity, one of the key factors of growth, has barely increased since the 1980s.  Also, many workers  remain in-formalized, which has hurt government revenue.  Mexico must keep working toward and improving its reforms to achieve sustained economic growth in the future.

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New Taxes Cloud Economic Growth in Mexico - Wall Street Journal

New Taxes Cloud Economic Growth in Mexico - Wall Street Journal | Mexico Economy | Scoop.it
New Taxes Cloud Economic Growth in Mexico Wall Street Journal MEXICO CITY--When Mexico's President Enrique Peña Nieto managed to pass in Congress late last year legislation that included across-the-board tax increases, few in the government thought...
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This article talks about the impact of the tax reform passed in Mexico last year.  It turns out the wide increase in taxes has had more of a negative impact that previously thought.  The economy has not been growing fast at all, 0.2% in January and 0.5% in February.  People have been delaying buying big investments like cars and houses, which has stalled the economy.  Some economists are calling for modifications to the new tax policy, to unstall the economy.

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Mexican economy poised for significant recovery next year - BofA Merrill Lynch - Business News Americas

Mexican economy poised for significant recovery next year - BofA Merrill Lynch - Business News Americas | Mexico Economy | Scoop.it
Mexican economy poised for significant recovery next year - BofA Merrill Lynch Business News Americas However there have been several GDP growth downgrades during the first half of the year, with the latest coming from the UN's Economic Commission...

Via unmexicoposible
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This article summarizes how Merrill Lynch has forecasted the Mexican economy to grow 3.9% in 2014, after a disappointing 2013 year of 2.5% growth.  The main reasons are increased government expenditure, benefits from government reform, and growth in the U.S.  This shows that the Mexican economy has a bright near future, and is poised for a comeback after the rough recession.

 

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Reflections on Mexico: Dynamic economy ready to do business - White Mountain Independent

Reflections on Mexico: Dynamic economy ready to do business White Mountain Independent This is not the first delegation the mayor and speaker have led, which is a testament to their very real belief that Arizona can do more to tap into the growing...
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This article also concerns Mexico's energy reforms.  It claims that not only is private investment in energy beneficial to the economy by bringing in $20 billion, it is also beneficial to North American energy trading.  Now that Mexico is joining the Trans-Pacific Partnership, North America could become the most safe, stable continent for energy.

By opening up the energy sector to foreign investment, Mexico's economy can now focus more on the stuff it has a comparative advantage in, and less about energy.  This will benefit their trade and their economy.

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Effects of NAFTA on the Mexican Economy

How has NAFTA affected Mexico's economy? Mexico's policymakers expected that, with NAFTA, Mexico's per capita income would catch up with the average incomes ...
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This video discusses how the North American Free Trade Agreement, or NAFTA, has significantly helped the Mexican economy.  Poverty has greatly declined, and trade with the U.S. has increased exponentially.  However, this also has negative consequences.  When the U.S. recession hit in 2008, the Mexican economy was hit harder because of its closer ties with the U.S. economy.

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Mexico's Energy Revolution: A Tank Half-Full - Forbes

Mexico's Energy Revolution: A Tank Half-Full - Forbes | Mexico Economy | Scoop.it
Mexico's Energy Revolution: A Tank Half-Full
Forbes
MEXICO CITY – For the last few years, the challenging security situation has been the headline issue in Mexico.
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This article talks about the excitement about Mexico's future economy, but that it also has some obstacles to overcome.  Recent reforms have made drastic improvements to the energy sector and foreign investment, but the group making those reforms has disintegrated.  Mexico will need to make more reforms in the future if they want to continue in this direction.

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