When the world thinks of up-and-coming economies, the only non-Asian country that readily comes to mind is Brazil. That, however, may soon change. The stars are aligning, presaging what could prove to be a brilliant future for Mexico.
Latin America’s second-largest economy has long suffered from a combination of problems, some of which produced gruesomely bad press along with a hard-to-erase negative image. The problems, to be sure, have been real. But the image has been anything but balanced. Pictures of brutal killings in the country’s drug wars and high-pitched debates in the U.S. about waves of impoverished Mexican immigrants crossing the border have combined to sketch the portrait of a dangerous country in continuing turmoil.The reality is more nuanced, and much less dark. In fact, Mexico is doing rather well in many areas, and today it stands poised to take a leap of prosperity — as long as its new president, Enrique Peña Nieto, manages to harness the favorable conditions the country currently enjoys.The Mexican economy is already growing faster than Brazil’s, and there are a number of reasons to expect that it will continue to accelerate.via WPR Article | World Citizen: At Long Last, Mexico’s Bright Future.