Mexico has had a rather difficult relationship with foreign investment, significantly with its close by neighbor the US. This difficulty has partially been caused by political problems which left the state isolated, partly because of economic policies that were designed to discourage foreign investment. These policies incorporated limiting the number of shares a foreign company may hold in a Mexican business, high taxation, and charges for manufacturing some goods. While Mexico had plenty of gold and gemstones available for mining, there was reluctance on the part of foreign investors to commit to the procedure.
In the 1990s, Mexico started to move into the NAFTA treaty and initiated a series of policies known as the Washington Consensus. These policies included liberation of the restrictions on trade and foreign investment with an increasingly restricted economic policy which inspired private businesses to grow. The idea was that foreign direct investment would be prompted to go into Mexico in order to produce items close to North America. In part, this policy has worked, as there is now greater foreign investment in Mexico than at any time as the early 20th century.
Several of the businesses selecting to invest in Mexico were interested in producing and significantly in the making of electronics and IT products. This has increased exports to the US significantly and there has also been a rise in the number of producing 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 times and means that as more mature people move out of working in foreign firms, they are starting to set up small businesses for themselves.
Mexico has, of course, become a important contributor to the wealth of IT goods which are currently available and it is in a great place to respond to the demands of South American countries for IT devices. Because of this, 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 places of South America. Of course, into realm of IT, Mexico has turn out to be one of the biggest receivers of direct foreign investment, a feature which has increased since the Mexican government introduced policies targeting IT investment and bringing new investors into the nation on a regular basis.
There are now a lot of opportunities to make investments in Mexico than ever and any foreign company wishing to introduce IT business into the country is certainly to be welcomed.
In the 1990s, Mexico started to move into the NAFTA treaty and initiated a series of policies known as the Washington Consensus. These policies included liberation of the restrictions on trade and foreign investment with an increasingly restricted economic policy which inspired private businesses to grow. The idea was that foreign direct investment would be prompted to go into Mexico in order to produce items close to North America. In part, this policy has worked, as there is now greater foreign investment in Mexico than at any time as the early 20th century.
Several of the businesses selecting to invest in Mexico were interested in producing and significantly in the making of electronics and IT products. This has increased exports to the US significantly and there has also been a rise in the number of producing 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 times and means that as more mature people move out of working in foreign firms, they are starting to set up small businesses for themselves.
Mexico has, of course, become a important contributor to the wealth of IT goods which are currently available and it is in a great place to respond to the demands of South American countries for IT devices. Because of this, 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 places of South America. Of course, into realm of IT, Mexico has turn out to be one of the biggest receivers of direct foreign investment, a feature which has increased since the Mexican government introduced policies targeting IT investment and bringing new investors into the nation on a regular basis.
There are now a lot of opportunities to make investments in Mexico than ever and any foreign company wishing to introduce IT business into the country is certainly to be welcomed.
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