Open figure viewer
Significance
She nevertheless looks keen to accelerate Mexico’s nearshoring strategy and boost foreign direct investment (FDI), growth of which was subdued under former President Andres Manuel Lopez Obrador (AMLO).
Impacts
The nearshoring trend may exacerbate regional inequalities within Mexico, with northern states benefiting more than those in the south.
Mexico has a competitive workforce but addressing skills gaps would help meet demands of high-value manufacturing and other industries.
Trump, having been one of the main architects of the USMCA, is unlikely to scrap the agreement, despite his tariff threats.
Keywords:
Mexico,
LA/C,
China,
United States,
economy,
industry,
international relations,
politics,
electricity,
energy,
foreign investment,
foreign trade,
government,
growth,
infrastructure,
investment,
judicial,
labour,
policy,
railway,
reform,
regional,
regulation,
renewable energy,
road,
security,
shipping,
transport,
wages,
Auto parts,
Automobiles,
Transport & logistics
© Oxford Analytica 2024. All rights reserved. This content contains general information about geopolitical, macroeconomic and social developments or (where stated) other matters. It does not contain advice or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites.
2024
You do not currently have access to this content.
