Decades of growth in trade and foreign direct investment (FDI) have seen world economies become more interconnected and interdependent than ever before. The production of goods and, increasingly, the provision of services has become fractured across borders as corporations create and integrate into regional and global value chains – a process...
Against the backdrop of critical national elections and the ongoing renegotiation of the North American Free Trade Agreement, 2018 was likely to be a turbulent year for Mexico. In spite of this, the business community remains highly optimistic. In the latest OBG Business Barometer: Mexico CEO Survey, conducted between September 2017 and March 2018, 88% of the more than 150...
As the new government, headed by Andrés Manuel López Obrador, of the National Regeneration Movement, prepares to take office in December 2018, the intertwined challenges of security, corruption and economic growth will be at the forefront of the political agenda, with the incoming administration working to meet the promises of the campaign trail to secure further growth via...
Latin America has always been a region of opportunities and frustrations. Opportunities exist due to its vast landmass, generous natural resources, limited involvement in the First and Second World Wars, and isolation from racial and religious conflicts that other regions of the world have been exposed to for decades. Despite these advantages, Latin America continues to be an...
With a rich mining history, an unrivalled location both for exporters and companies serving the domestic market, and escaping relatively unscathed from the drug-trafficking violence that afflicts other parts of Mexico, Hidalgo has the tools to flourish, despite being one of the less developed states in the country. Hidalgo’s current government has looked to accelerate efforts to attract...
Posting a GDP growth rate of 3.9% in the first half of 2017, Nuevo León outpaced the national economy, which grew at a rate of 2.5% over the same period. Despite a challenging year of slow growth in 2016, the manufacturing sector remained the main driver of the state’s economy in 2017. Though the US continues to be Nuevo León’s largest trading partner, the state has pushed to diversify its...
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