World News Insights
1-3 Minute Gist
Search, personalize, or simply browse. Follow the world around you from gist and context to insights.
Who we are | Our Credo | Ways of using Lyrarc | FAQ | Send Feedback | First Letter From the Editor
Sign up. It's free and easy to use
Create an account
to personalize your feed of articles and topics.
All Topics Article
Mexico Economy Withstands Drug War
Keywords:
Mexico's economy grew at 1.34% in the third quarter of 2011, according to the national statistics institute. Annual growth is estimated at 4% for 2011. The war against organized drug trafficking in Mexico cost the economy one percentage point of economic growth, according to estimates by BBVA Bancomer, Mexico's largest bank. Mexico received $20 billion in foreign investment in 2011, about the same as in 2010. Cars and aerospace have drawn large foreign investment. Mazda will invest $500 million on a new plant in central Mexico. Honda says it will spend $800 million on a second Mexican plant. In recent years with higher costs in China, higher transport costs, and a weaker peso with a stronger yuan, Mexico is becoming more competitive with China as a manufacturing investment location. The younger workforce, low inflation and technical education schooling, offer Mexico additional advantages. Mexico is the second largest manufacturer of flat screen television sets, and is now the fourth largest location for outsourced IT such as call centers. Axa CEO, Henri Castries, and Siemens CEO, Louise Goeser, have very favorable views of doing business in Mexico. Siemens sees sales increasing by double digits through 2015, and has located one of three global R&D centers in the state of Queretaro. Goeser says many parts of Mexico are safer than parts of the U.S. A large part of the violence is concentrated in a few states, and in border cities like Juarez, and affects smaller businesses more than the large manufacturing enterprises of overseas companies. As a result it is as if there were several economies in Mexico, with foreign enterprises largely insulated from the violence.
The challenges facing Calderon as he tries to reshape the economy of Mexico.
05/22/2006
The Mexican economy is expected to see a GDP decline of nearly 7% in 2009. With the serious downturn in the auto industry and in other industries, serious problems with monopolistic firms and high prices in the telecom sector, underinvestment in the oil sector, and the impact of the war on drug cartels, one expert says its surprising that Calderon is still fighting all these battles.
Grouped Articles
Mexico's Big Cellular Problem: Carlos Slim
BusinessWeek 05/27/2010
Mexico Restores Ex-Ruling Party to Power
Wall Street Journal 07/02/2012
Mexico’s truth, from Mr. Calderón - The Washington Post
Washington Post 10/01/2012
Pocketbook Issues Weigh on Mexico Voters
New York Times 06/30/2012
Mexico's Calderón: No Letup In Drive Against Drug Cartels
Washington Post 09/03/2009
Mexico Power Takeover Creates Sparks
Wall Street Journal 10/12/2009
Efforts to improve investment and economic growth in Mexico under Calderon.
05/22/2006
Calderon's efforts get stymied in the legislature.
Grouped Articles
Pierpaolo Barbieri and Niall Ferguson: Mexico's Economic Reform Breakout
Wall Street Journal 12/27/2013
Pocketbook Issues Weigh on Mexico Voters
New York Times 06/30/2012
Mexico Enacts a Tax-Overhaul Bill
New York Times 09/15/2007
Economist 12/19/2007
Wall Street Journal 11/21/2009
Wall Street Journal 11/24/2009
Mexico's Automobile Industry in 2010-2012
06/24/2010
Grouped Articles
Mexican Auto Production Sets Record in April
Wall Street Journal 05/07/2015
BusinessWeek 06/24/2010
Despite Violence, Mexico Plants Hum at Border
New York Times 07/10/2011
Mexico’s economy: Making the desert bloom
Economist 08/27/2011
Mexico Economy Withstands Drug War
Wall Street Journal 11/23/2011
China's Export Pain May Be Mexico's Gain
Wall Street Journal 02/06/2012
Mexico after the global financial crisis and midterm elections 2009
01/09/2009
The efforts by Calderon to support social spending and reduce the deficit, and to push for reforms, even as his party PAN lost the midterm elections.
Grouped Articles
U.S. Recession Stymies Mexico's Growth for 2009
Wall Street Journal 01/09/2009
Pocketbook Issues Weigh on Mexico Voters
New York Times 06/30/2012
Economist 09/10/2009
Wall Street Journal 11/21/2009
Wall Street Journal 11/24/2009
Mexico City subway, struggling to make ends meet, may raise fares
Washington Post 12/05/2009
Calderon and the war against drug trafficking gangs in Mexico
01/16/2009
Grouped Articles
Pocketbook Issues Weigh on Mexico Voters
New York Times 06/30/2012
Drug War Apparently Has Mexican Presidentâs Attention
New York Times 08/18/2013
Mexico Takes Over Crime-Besieged Port City
Wall Street Journal 11/05/2013
Despite Killing, Mexican Backs Drug Policy
New York Times 06/14/2010
Elite Flee Drug War in Mexico's No. 3 City
Wall Street Journal 09/10/2010
Executive Slaying Sparks New Fears
Wall Street Journal 01/20/2014
Manufacturing in Mexico: 2010-2014
05/22/2006
Grouped Articles
Hopes Rise That More Natural Gas Will Stoke Manufacturing Sector
Wall Street Journal 12/13/2013
Despite Violence, Mexico Plants Hum at Border
New York Times 07/10/2011
BusinessWeek 05/22/2006
To Churn Out Engineers for Learjet, Mexico Opened Aeronautics University
Wall Street Journal 07/29/2011
The New Learjet...Now Mexican Made
Wall Street Journal 07/29/2011
Mexico’s economy: Making the desert bloom
Economist 08/27/2011
Maquiladoras- foreign owned factories across the Mexico-U.S. border.
05/22/2006
The maquiladoras have recovered in 2010 after the layoffs during the global recession. These factories are competitive with China and orders can be filled faster because of fast Interstate highway connections.
Grouped Articles
Mexico and China look to trade away old rivalry - The Washington Post
Washington Post 04/18/2013
Mexico, China Seek to Jump-Start Trade
Wall Street Journal 06/04/2013
The Rise of a Chinese Worker's Movement
BusinessWeek 06/10/2010
As Ties With China Unravel, U.S. Companies Head to Mexico
New York Times 05/31/2014
U.S. Companies Are Still Rushing to Juárez
BusinessWeek 06/10/2010
Chinese Factories Now Compete to Woo Laborers
New York Times 07/12/2010
The rising middle class in Mexico with the growth of the economy 2012-2014
11/23/2011
Linked Articles
Mexico’s middle class is becoming its majority - The Washington Post
Washington Post 03/18/2012
Mexico Economy Withstands Drug War
Wall Street Journal 11/23/2011
Queretaro- the other side of Mexico
11/23/2011
Linked Articles
Mexico’s middle class is becoming its majority - The Washington Post
Washington Post 03/18/2012
Mexico Economy Withstands Drug War
Wall Street Journal 11/23/2011
We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.
Support Lyrarc from as small as $1
Terms and Conditions | Copyright Policy | Privacy Policy | Contact Us