Mexico's Economy Looking to Open Up Thanks to The Government

The Council on Foreign Relations blog recently posted about Mexico's economy in "2011: The Year that Mexico Opens its Economy?" Three branches of Mexico's government have taken steps in the past few months to open up Mexico's economy for freer markets and evening out the economic playing field. Her post touches upon the government's recent actions to fine companies for monopolistic behavior and other ways the Mexican government is cracking down on monopolies in Mexico.

Forecast for FDI in Mexico Raised to $20 Billion This Year

It doesn't come as a surprise that Bloomberg just posted the article "Mexico Raises Forecast for Direct Investment 11% to $20 Billion for 2011." With its proximity to the US, growing expertise in the manufacturing and engineering sector, and low wages - Mexico should not be overlooked as a source for FDI. Learn what other companies have been investing in Mexico's economy this year.

Mexico's Economy Will Weather US Negative Outlook

Moody's Investor Services maintains that "Mexico's economy is well-placed to withstand shocks and its credit rating is not affected by a negative outlook in the United States." Read more about Mexico's economy standing assessment here.

Mexico Strengthens Ties with Yet Another Country in Bringing Flights to Mexico

Mexico Today has the scoop on what Asian country is now partnering with Mexico to begin flights. Mexico has seen an increase in signed air transportation agreements from other countries within just the past few months. Amidst the sensationalist media news about Mexico, these increased partnerships indicate other countries' faith in investing in Mexico's economy and travel market.

Photo credit: Mexico Today

Mexico and Columbia Sign Telecoms Partnership Agreement

This move by Mexico and Columbia in signing an agreement for cooperation in the telecoms and information technology sectors, allows for cooperation regarding network security, and the sharing of information and materials within the sector. Mexico and Colombia remain the second and fourth largest wireless markets in the region and have 93.2 million and 44.4 million mobile subscribers respectively as of March 2011.

Photo credit: telecomsinsight.com

More Backers Urge World to Give Mexico's Economy a Second Look

As feautured before, there are those who believe that mexico should not be overlooked as an economy. A Council on Foreign Relations Scholar recently wrote a piece recommending that the US take a closer look at Mexico. Factors taken into consideration look at Mexico holding a larger export and manufacturing-led economy versus Brazil and Mexico's high rank in the Word Bank's Doing Business index.

More Investment to Mexico from Spanish Banking Giants

Banco Bilbao Vizcaya Argentaria, the Spanish banking giant, plans to invest about $2 billion over the next three years in its Mexican counterpart BBVA Bancomer. This move is a key step in BBVA indicating its confidence in Mexico's future. CEO Francisco Gonzalez said that the money will be put forth for branch expansion, additions of ATMs and payment terminals, and to promote mobile banking. Another vote of confidence in Mexico's future is indicated by BBV's move to complete their corporate offices in Mexico City.

Photo credit: Latin American Herald Tribune

Graph: Mexico's Economy Closely Linked with the US