US Needs to Stop Being Afraid of Mexico U.S. Chamber of Commerce
go to original November 8, 2013

Only 28% of Americans have a favorable view of Mexico, according to a study released by American University.

Given the deep ties between the U.S. and Mexican economies, and the increasingly significant stake Americans have in Mexico’s success, that’s scary.  Consider:

• Mexico buys more U.S. products than any country in the world but Canada – more than $200 billion worth in 2012.
• 30 U.S. states export at least $1 billion/year in goods to Mexico and 46 export at least $100 million.
• Trade with Mexico supports 6 million U.S. jobs.
• U.S. exports sales to Mexico have grown by $52 billion in the wake of the financial crisis, more than to any other country in the world since 2010.
• Since 2010, export growth to Mexico has supported approximately 265,000 additional U.S. jobs – one in 28 of the 7.5 million jobs the White House estimates have been added since 2010.

Looking at rising costs of labor, transportation, and other industrial inputs in other parts of the world, the Boston Consulting Group projects that by 2015 “manufacturing in some parts of the U.S. will be just as economical as manufacturing in China.” This development is strongly supported by the complementarity of the U.S. and Mexican economies, where integrated North American supply chains enhance both countries’ competitiveness.  As the Reshoring Initiative’s Harry Moser notes, “When Mexicans produce something in Mexico, they buy machinery, supplies and components to do so from the U.S.”

Nevertheless, no one can dismiss the wave of violence that has plagued Mexico in recent years, fueled by American demand for illegal narcotics, armed by U.S.-sourced weapons, and financed by U.S. cash flows.  However, the incidences of violence, though quite serious, belie the country’s sophistication and modernity.

Read the rest at OregonReport

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