Long considered a second cousin twice removed to its looming neighbor to the north and a source of illegal immigration and drug violence.
Mexico is one of the most underrated and misunderstood countries in the global economy. In contrast Mexico offers investors and businesses a plethora of opportunity that rivals any other emerging market. For some time now, Mexico has been doing all it can to attract investors and has reached a high level of development and progress. Mexico has transformed from a fledgling economy to a more diverse one.
In the last two decades, the government has made improvements to its infrastructure and encourages competition in sectors such as transportation, energy and transportation.
When President ‘Enrique Peña Nieto’ assumed office in 2012, he had quite a task ahead of him. Belonging to PRI (Institutional Revolutionary Party), a party associated with deep perpetration of corruption, election frauds, inefficient management of the economy, and more for the 70 years it was in power, until the year 2000, convincing the country of his non-corrupt party leading the country into stronger economic scenarios was vital.
The ongoing Yo Soy 132 Movement is proof that the country is not convinced. Another scandal involving Televisa, the country’s largest television network, exacerbates this condition through allegations that the PRI pushed for a biased coverage of the elections to get the citizens to vote Nieto into power. As of 2014, his popularity ratings reached all-time lows.
When he assumed power, his leadership insisted on increased democratization, openness to economy and trade, and foreign investment. Income disparity remains a concern under the current leadership. Despite that, Mexico has experienced progressively worsening fiscal and regulatory environments, and ease of conducting business.
Being an OECD country with core dependence on oil produce and export, government have keen focus on Mining and Manufacturing, hence the rate of growth of these sectors YOY and their GDP contribution has been on the rise. Increasing disposable income, better awareness and increased concern about health and education has driven the Healthcare & Education sector on a rise.
Consumerism policies and better trade connectivity with the US (NAFTA), keeps the Wholesale & Retail market booming. Availability of skilled labor workforce and education facilities helps developing the BFSI sector.
Uni-directional approach followed by the government with their major focus towards Oil Export sometimes disturbs or affects other unrelated sectors in the economy. A structural reform agenda planned in 2013-14 is what other sectors are looking forward to for the overall economic development. Current political regime is perceived as non-friendly for investors. Furthermore, business regulatory framework makes for a constraint that the country is unable to overcome despite an open economy.
What the report offers
This report will contain micro & macro factors that affect Mexico’s market on both Global and Regional scale. It will provide insights pertaining to specified topics and key drivers & restraints for the market particular to each mentioned sector and sub-sector. The report will identify factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on a global and regional scale.
It also contains competition analysis on global & regional scale providing region specific assessments. Competitive landscape will contain profiles of multiple companies along with their strategic initiatives and market shares. Finally, it offers a comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.