This is an excerpt from a deep dive into doing business in Mexico that appeared originally on my blog, where you can read the entire post.
Mexico’s business opportunities rival those of any other emerging economy in the world. Despite a complicated history with violence and corruption, the country is starting to transform its negative reputation into new opportunities. New initiatives, especially to boost Mexican innovation, and an ever-expanding middle class with disposable income have given way to a new era of business opportunities for residents and foreigners alike.
To attract new investment, the Mexican government is making significant improvements to its infrastructure to compete globally in sectors like telecommunications and transportation. According to a recent PWC report , Mexico will become the 7th largest economy in the world by 2050.
But, to understand how Mexico will get there, it’s important to understand Mexico’s history and some factors that led it to become what it is today.