Dr. Marc Faber (author of the Gloom, Boom and Doom Report) is optimistically bullish about the Mexican economy, as noted in a recent interview with Bloomberg News.
Faber states that despite being the 13th largest economy in the world, Mexico is overlooked by many. He notes that Mexico is one of the world's largest developing economies as measured by GDP. On a per capita basis, the Mexican economy is larger than China's, India's and Brazil's. In fact, Dr. Faber believes that the Mexican economy will continue to outperform many emerging markets in the long-term. Some of this can be attributed to wage rates; for example, if Mexican wage rates continue to trend lower than China's, Mexico will attract more manufacturing jobs, in turn growing its middle-class and its economy.
This chart shows Mexico's outperformance:
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