Mexico has transformed itself. A generation ago it defended its borders ferociously against yanqui imports. Today, thanks partly to the North American Free-Trade Agreement (NAFTA), it is one of the most open large economies in the world. Exports plus imports will reach the equivalent of 69% of GDP this year, according to HSBC, a bank—far higher than Brazil (19%) or China (48%). It is the world’s second-largest exporter of fridges, and the second-largest supplier of electronic goods to the United States.

via Schumpeter: The global Mexican | The Economist.