Ten years ago Wall street pundits argued that Brazil had everything going for itself. Talks of becoming a developed country were published daily. It was its industry, manufacturing, tourism, internal demand, raw materials, food production... what could wrong?
Mexico... well it was doomed... China made Mexico irrelevant.
look at this table
| Greenfield FDI investments by country in $M | ||
| YEAR | Brazil | Mexico |
| 2005 | 24,092 | 3,431 |
| 2006 | 4,357 | 9,743 |
| 2007 | 10,926 | 6,472 |
| 2008 | 27,958 | 21,463 |
| 2009 | 13,309 | 15,536 |
| 2010 | 25,355 | 10,412 |
| 2011 | 24,823 | 13,272 |
| 2012 | 13,809 | 9,253 |
| 2013 | 9,330 | 13,728 |
| 2014 | 5,917 | 16,025 |
| 2015 | 2,025 | 8,113 |
| Total | 161,901 | 127,548 |
Now nobody talks about BRICs in fact we talk MINT
Mexico
Indonesia
Nigeria
Turkey
Cool... for how long?
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