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.
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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.
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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
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...
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.
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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 to carry out any type of business transaction, it is important to understand what these differences are.
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