At 17% of GDP, manufacturing is a pillar of the Mexican economy. More than at any point in the past 15 years, Mexican industry is today able to compete with China as a low-cost manufacturing alternative and with other high-income markets as a viable location for outsourcing sophisticated manufacturing. This is perhaps the most promising time for Mexican manufacturing since NAFTA was...
Displaying 1741 - 1746 of 2333
Chapter | Industry & Mining from The Report: Mexico 2014
The second-largest economy in Latin America, Mexico seems poised to enter a new growth phase as the government of Enrique Peña Nieto implements radical changes in a number of sectors across the economy. The reforms, aimed at raising the competitiveness of the Mexican economy, have the potential to establish Mexico’s position as a regional powerhouse.
Turkey’s powerhouse automotive industry is expected to experience a downturn in 2014, as higher interest rates and a slowing economy cause domestic buyers to hit the brakes on spending. The outlook is likely to remain flat for the rest of the year, though solid exports may help offset some of the localised cooling in the market.
Fast-moving consumer goods (FMCG) producers and retailers in Egypt face a somewhat mixed outlook in the short term, with limits on disposable incomes and high inflation making many Egyptians cautious about overspending. However, with such favourable demographics, long-term prospects appear more positive as the economy recovers, consumer confidence rises and export opportunities open up.
Chapter | Industry & Retail from The Report: Mongolia 2014
Mongolia faces significant challenges in manufacturing, as neighbouring China has a prominent edge in production of many goods. The northern country can also be an expensive country for manufacturers, with high transportation and labour costs. In May 2013, the minimum wage was raised from $87.75 per month to $120 per month. Government investment in textiles manufacturing in 2012 saw $68.8m...
The mining sector is a major contributor to the local economy, accounting for 22% of GDP, 61% of industrial value-added, 94% of exports by value and 85% of foreign direct investment in 2012, according to figures from the National Statistics Office. Mongolia’s main proven reserves include coal, copper, hard-rock and placer gold, silver, iron ore, molybdenum, fluorspar, zinc, tungsten, lead, tin,...