Forbes publisher Rich Karlgaard thinks it's time to invest in Mexico. He cites its solid economic performance (3.5% growth this year), favorable demographics (lots of brand-new workers), consumer credit growth of 400% since 2000 (signaling a healthy middle class, and room to grow in the stock market (currently trading at just 37% of GDP).
On top of all that, Mexico was ranked the 3rd best reformer in the recent Doing Business report. Why? Reforms in business entry, protecting investors and paying taxes. The corporate income tax rate is down to 29%, and a new securities law clarifies the obligations of company directors. For more, see my previous post or an online discussion on the report.
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