Just two years ago, my Financial Developments in Latin America class was fiercely debating the future of Mexico. China had completely overtaken Mexico as a manufacturing location. Brazil had taken Mexico out of the global political scene. There is no "M" in BRICs. Drug cartels were making Mexico famous for all the wrong reasons. The US downturn was making things all the worse. Mexico was famously feared to become failed state by some in the US government.
Slowly but surely, the world was changing, the same forces that were dooming Mexico are now the wind beneath its wings. A very nice account by Adam Thomson of the Financial Times on how Mexican businesses are overcoming obstacles to establish themselves in the heart of America.
No longer exporting cheap materials. Now the question is, can Brazil compete with Mexico