IV. Advantage and disadvantage make business in Mexico
Mexico is the United States partner, but unlike the United States, it is a country that is underdeveloped and faces many problems (Doing Business in Mexico, 2013).
From entrepreneur perspective:
Advantage:
Mexico has solid macro-economic environment, convenient free trade network and a competitive workforce (Doing Business in Mexico, 2011). The low cost of labor has long been one of the main advantages of Mexico (The pros and cons of doing business in Mexico, 2014). Mexico has a skilled and experienced young workforce for foreign companies, which will be conducive to their lower labor costs and increase the overall competitiveness (The pros and cons of doing business in Mexico, 2014).
Mexico is the WTО members with Free Trade Agreements (Mexico country brief, 2012). Mexico signed a free trade agreement with 44 countries and regions in the world, and occupies the 40% of the total trade volume in the Americas (Mexico country brief, 2013). Import advantage: if the foreign companies do business in Mexico, they can be imported from third countries products with very low interest rates (Mexico country brief, 2013).
Mexico reduces to restrictions on foreign investment (Advantages of Doing Business in Mexico, 2014). Foreign companies, rights and interests of the company profits, dividends, interest and capital freely remit (Advantages of Doing Business in Mexico, 2014). The Mexican peso is freely convertible into all other currencies, and there are no restrictions on the remittance of profits abroad or repatriation of capital (Doing the business in Mexico, 2011). Foreign companies in Mexico, any a legitimate bank open checking and savings accounts, accounts the minimum set by the Bank...
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...ca (Mexico Background Information, 2014). Mexicо thrоugh austerity tо cоntrоl inflatiоn, adjust the structure оf impоrt and expоrt cоmmоdities, and stimulate private investment, expanding оpening tо the оutside wоrld and a series оf pоlicies and measures tо imprоve the ecоnоmic efficiency and the implementatiоn оf the variоus ecоnоmic and sоcial develоpment plans, sо Mexicо's ecоnоmy gradually stabilized, it began tо cоme оut оf recessiоn and the plight оf the crisis, trend tо recоvery and grоwth (Central Intellegence Agency , 2014). Adоpted a pоlicy оf оpenness tо trade, they encоurage dоmestic prоduct expоrt, relax restrictiоns оn impоrts, make fоreign trade grоwth significantly (Central Intellegence Agency , 2014). Hоwever, cultures alsо have certain influence tо the ecоnоmy (BBC, 2012). Dоing business in Mexicо is a gооd chоice (Doing Business in Mexico , 2011).
Mexican Lives is a rare piece of literature that accounts for the human struggle of an underdeveloped nation, which is kept impoverished in order to create wealth for that of another nation, the United States. The reader is shown that the act of globalization and inclusion in the world’s economies, more directly the United States, is not always beneficial to all parties involved. The data and interviews, which Hellman has put forth for her readers, contain some aspect of negativity that has impacted their lives by their nation’s choice to intertwine their economy with that of the United States. Therefore it can only be concluded that the entering into world markets, that of Mexico into the United States, does not always bring on positive outcomes. Thus, one sees that Mexico has become this wasteland of economic excrement; as a result it has become inherently reliant on the United States.
In this paper I will discuss the history and practices of the Maquiladora industry. I will discuss its background, its problems, the benefits it offers to United States companies, and the impact the NAFTA has and will have on the industry. In addition, I will make a suggestion on a possible strategy the Maquiladoras can adopt in order to address the challenges brought on by the NAFTA, to ensure it remains a strong force in the future.
Mexico: Mexico’s immigration policy is strict with clear and distinct laws with what a foreigner can and can’t do in the country. For starters, immigrants are barred from interfering with the country’s internal political affairs. Furthermore, it is a felony to be an illegal alien in Mexico; those who come to the country under false pretenses could be deported or incarcerated. They also only accept foreigners who will be beneficial to the country’s society and economy.
The over-dependent on foreign capital flows had made the Mexican economy very vulnerable to any sudden and major flux of this capital fund which was very much dependent on the investors? confidence level in the Mexican economy.
Mexico is boarded by the United States of America, Belize and Guatemala. Mexico has a very diverse landscape of mountains, plateaus, deserts, tropical jungles, and even beautiful Palm beaches. With its diverse climate, Mexico also has a diverse population of plants. In desert areas, the most common plants that are found include cac...
At the age of two my parents made the long and devastating journey to bring me and my siblings to the United States from Mexico. Wanting a brighter future for us, my parents fought tooth and nail to give us the world they didn’t grow up having. Ever since stepping foot on the U.S soil, going back seemed impossible. The effects of this life-changing move, couldn’t mask the unforeseen disadvantages. Lacking exposure to Mexico’s colorful culture, little to no bonding time with my family from abroad, and the struggle of trying to blend into an environment that was so different, soon began to interfere with my overall identity. Realizing this, my wonderful parents prepared a transformative trip back to my homeland, and back to the past, facing
Have you ever been stripped of your heritage and treated like a foreigner in your own homeland? Hopefully not, but if you’re a Mexican American citizen then you may have an idea of what it’s like to be treated in such a manner. For many years, what is now considered to be the Southwest United States, was owned and inhabited my Mexican citizens. These people had lived on this land for generations, many making a living raising cattle and cultivating the land. However, due to Mexico’s loss in a in the Mexican American War, the country was forced to give approximately half of its land to the United States. According to the Treaty of Guadalupe Hidalgo, the inhabitants of the newly acquired land were to become citizens of the United States, and were
They face many issues such as economic instability, depression, loneliness, fear of being alone and feeling betrayed. Children feel depressed in cases like this because even at a young age they know that things are not okay. They also suffer from fear and being betrayed, they suffer fear because they 're scared of what is going to happen to their family since they 're so used to having their family together. Many times children who face this situations feel like they’ve been betrayed because they don’t know why their mother or father have gone away and not came back. The psychologist mentions that it’s very normal for children to feel this way and conduct a different behaviour than usual because just like everyone else they don’t seem to understand
When we hear discussions or read articles about drug wars, killings, and illegal immigration into the United States, many of us immediately think of Mexico. As a nation, Mexico is a much greater country than these commonly referred to issues. Mexico is a country with a broad history, deep family culture, and an economy fueled by oil and tourism. The United States Department of State (USDS) offers a broad range of information on countries outside the US, including Mexico. I found a wealth of information about Mexico through the USDS Background Note provided on their website located at www.state.gov. I will outline for you the key information found in this report, and others, related to the Mexican economy, culture, and more.
During the 1900’s through 1950’s the United States experienced an influx of immigrants coming in from Mexico seeking employment opportunities, as many of them wanted to avoid the Mexican Revolution occurring from 1910 to 1920. Methods for arriving in the United States varied for each individual’s preference of the destination, but the means of transportation had been constant throughout. These methods of transportation consisted of contractors seeking unskilled workers willing to partake in hard labor in steel, railroad, or agriculture companies. Contractors traveled to towns close to Mexico’s boarder such as Laredo or El Paso seeking Mexicans citizens for labors. In some instances, immigrants traveled on their own will based on the advice
For many years, unjust treatment of Mexicans and Mexican Americans has occurred in the United States. Over the years, people like Cesar Chavez, Dolores Huerta, and Emma Tenayuca have fought to improve civil rights and better treatment for farm workers. The textbook that I have been reading during the semester for my Chicano History class, Crucible of Struggle: A history of Mexican Americans from Colonial times to the Present Era, discusses some of the most important issues in history that Mexicans and Mexicans Americans have gone through. Some of these problems from the past are still present today. Not all of the racial problems were solved, and there is a lot to be done. I have analyzed two different articles about current historical events that have connections between what is happening today and what had happened in Mexican American History.
After three hundred years of suffering and oppression by the Spanish crown, and inspired by the fire of revolution sweeping over the world in places such as United States and France, the Mexican population finally decided that they could endure no more, it was time for a change! In this essay I put together some of the various factors of Spanish colonialism that led to the Mexican independence. These factors were the socio political conditions of nueva españa, the enlightment era, as well as various leaders
What is culture? Many people ask themselves this question every day. The more you think about it the more confusing it is. Sometimes you start leaning to a culture and then people tell you you’re wrong or they make you feel like a different person because of your culture. I go through this almost every day. Because of the way I was raised I love Mexican rodeo but I was born and raised in Joliet. This can be very difficult trying to understand culture. I live in this huge mix of culture. Culture is personal. People can have many cultures especially in America and because of globalization. Cultural identity is not one or the other, it is not Mexican or American. Cultural identity is an individual relevant thing.
Executive Summary To be given an opportunity to do business in Mexico, one must understand where to start and how to deal with a totally different social and cultural environment from what one is accustomed to. To succeed in making a good first impression and in carrying out any type of business transaction, it is important to understand what these differences are. When conducting business in Mexico, there are specific things that must be understood and complied with. Just understanding how important building a relationship is, such as shaking hands and exchanging pleasantries, can have a huge impact. What could potentially be the start of a bad or mediocre business trip now has the possibility of being a successful one.
As Mexico is rapidly urbanizing, many of its citizens are being very negatively affected. The lives of many rural farmers are being uprooted as a result of faulty policies and poorly thought out laws. Monopolist industries make it impossible for these poor workers to get back on their feet, and they are forced into inhumane living conditions. Mexico will continue to be in a perpetual state of disparity until corporations are able to let go of their greed for the sake of the country.