Why Foreign Investment In Mexico Is So Popular?
Mexico has had a rather tough relationship with foreign investment, particularly with its near neighbor the US. This issue has partially been caused by political issues that left the state isolated, partly due to economic policies which were intended to dishearten foreign investment. These policies incorporated restricting the amount of shares an overseas company might hold in the Mexican business, heavy taxation, and charges for producing some goods. Even though Mexico had plenty of gold and gemstones available for mining, there was reluctance on the part of foreign investors to commit to the procedure.
Within the 1990s, Mexico started to move into the NAFTA treaty and initiated a series of policies referred to as the Washington Consensus. Such policies included liberation of the limitations on trade and foreign investment(inversion extranjera) with an increasingly limited economic policy which encouraged private businesses to grow. The concept was that foreign direct investment would be prompted to move into Mexico so as to produce items close to North America. In part, this policy has worked, as there is currently greater foreign investment in Mexico than at any time since the early 20th century.
Several of the companies selecting to make investments in Mexico were keen on producing and significantly in the making of electronics and IT products. It has a lot of exports to the US significantly and there has even been a rise in the number of manufacturing jobs opening up in Mexico due to this foreign investment in manufacturing. Although there was limited growth in Mexican-owned factories and IT businesses, there has been increases in recent years and means that as more mature individuals move out of working in foreign companies, they are beginning to set up small businesses for themselves.
Mexico has, in fact, turn out to be a significant contributor to the wealth of IT products which are currently on the market and it is in the wonderful position to respond to the demands of South American nations for IT devices. For this reason, information technology is top of the list for foreign investment as suppliers find it simple to manufacture their goods and then sell it on Mexico's open market or in other areas of South America. Of course, in the realm of IT, Mexico has turn out to be one of the biggest receivers of direct foreign investment(inversion extranjera), a feature that has increased as the Mexican government introduced policies targeting IT investment and bringing new investors into the nation on a regular basis.
There are currently more options to make investments in Mexico than ever and any foreign company wishing to introduce IT business into the nation is sure to be welcomed.
Within the 1990s, Mexico started to move into the NAFTA treaty and initiated a series of policies referred to as the Washington Consensus. Such policies included liberation of the limitations on trade and foreign investment(inversion extranjera) with an increasingly limited economic policy which encouraged private businesses to grow. The concept was that foreign direct investment would be prompted to move into Mexico so as to produce items close to North America. In part, this policy has worked, as there is currently greater foreign investment in Mexico than at any time since the early 20th century.
Several of the companies selecting to make investments in Mexico were keen on producing and significantly in the making of electronics and IT products. It has a lot of exports to the US significantly and there has even been a rise in the number of manufacturing jobs opening up in Mexico due to this foreign investment in manufacturing. Although there was limited growth in Mexican-owned factories and IT businesses, there has been increases in recent years and means that as more mature individuals move out of working in foreign companies, they are beginning to set up small businesses for themselves.
Mexico has, in fact, turn out to be a significant contributor to the wealth of IT products which are currently on the market and it is in the wonderful position to respond to the demands of South American nations for IT devices. For this reason, information technology is top of the list for foreign investment as suppliers find it simple to manufacture their goods and then sell it on Mexico's open market or in other areas of South America. Of course, in the realm of IT, Mexico has turn out to be one of the biggest receivers of direct foreign investment(inversion extranjera), a feature that has increased as the Mexican government introduced policies targeting IT investment and bringing new investors into the nation on a regular basis.
There are currently more options to make investments in Mexico than ever and any foreign company wishing to introduce IT business into the nation is sure to be welcomed.
Mexican Industry - 14. Mär, 13:19