From Bric to Mint – and Mexico is Leading the Pack02.01.14
In the early 2000’s it was the Bric countries – Brazil, Russia, India and China – that were going to become economic giants, and China did indeed make great strides with double digit growth rates from 2003 to 2008. Now however, with their ascendency leveled out or on the wane, it’s the Mint countries that the world is watching – and Mexico is leading the pack.
All the Mint countries – Mexico, Indonesia, Nigeria and Turkey – are believed to have the fundamentals it takes to become the next global powerhouses, including a rise in the number of people eligible to work relative to those not working. Mexico is however projected to jump six points ahead in GDP by 2050, well ahead of the other contenders.
And that’s not the only reason confidence in Mexico is on the rise. Also lauded are the dramatic reforms currently taking place in the country in everything from fiscal and energy policy to the government itself. Mexico is also an ideal gateway for international trade from North America to Latin America. And while corruption remains a concern, international investors are undeniably excited about the prospects and advantages offered by Mexico.
Financial analysts the world over are starting to bet on Mexico’s economic ascendency, and leading role as the driving force of the Mint group. Read more about it in this recent BBC article, and stay tuned for further developments as time goes on.