Why is northern Mexico's economy growing today?

Northern Mexico has for decades been heavily industrialized. More international companies have plants in this region, and there is easy access to markets north of the international border. read more

Northern Mexico has for decades been heavily industrialized. More international companies have plants in this region, and there is easy access to markets north of the international border. Labor and government have cooperated with business to create a business friendly society. read more

Some of the largest challenges to Mexico's economic potentialinclude market inefficiencies, corruption and securityissues ; especially those found in Mexico's southern regionwhich still lags in terms of economic advancement and governance.For example, the state of Oaxaca has the health, education andincome of the Sub-Saharan country of Botswana, while Mexico City,capital of the country, has the quality of life of Quebec inCanada, or Aragon in Spain (GDP Per capita: $34,223). read more

Most of the economy in northern Mexico is manufacturing-oriented. This is due to the geographical proximity of its largest customer (Texas and California), cheap labor costs and tax incentives. The results include a constantly growing economy as well as many problems associated with such growth, such as ugly boomtowns with lack of basic services and high crime rates. read more