Mexico Is Not as Third World as You Might Think
The stereotype is “The Lazy Mexican”, when in reality, Mexicans are the hardest working people in the world, according to a study by the Organization for Economic Co-operation and Development (OECD)!
In 2011, Mexico received almost 20 billion dollars of Foreign Direct Investment (FDI), consolidating Mexico as one of the top recipients of FDI among emerging economies in the world. To date, Mexico has registered an accumulated amount of 273.4 billion dollars.
In contrast to the widening crisis in the euro zone, Mexico can point to 17 years of macroeconomic stability, low inflation, manageable debt, an open economy, and increasing competitiveness.
The gross domestic product expanded 3.9 percent in 2011, and there are forecasts suggesting that by 2050 it could be larger than that of France. Mexican factories are exporting record quantities of televisions, cars, computers, and appliances, replacing some Chinese imports in the United States and fueling a modest expansion.
With regards to automation systems and devices, this ARC Advisory Group market research study outlines that the DCS and SCADA sector accounts for more than a third of the revenues, and PLCs, IPCs, and panels account for another fifth.
There is more to Mexico than archeological sites and sunny beaches.
Investors and automation suppliers have been exhibiting a cautious optimism toward the manufacturing industries in Mexico. The industrial sector covers 25.7 percent of the Mexican economy, and it is fueled by oil & gas and automotive, among others.
• What are the important industries?
• What are the leading automation systems?
• Will new distribution channels be required?
• How dangerous is Mexico to industrial suppliers?
• Where are the growth industries and automation technologies?
• Who are the leading automation suppliers?