Discuss culture, living, traveling, relocating, dating or anything related to Latin America, Mexico, or Central America.
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Interesting, I had no idea that Mexico's economy was booming. I only hear negative stories about Mexico on the news, so I was a little surprised by this report. Can anyone living in Mexico verify if this is true or not? Because it seems like both Canada and Mexico are doing better economically than the US.
Well we are talking about NISSAN ! wich is huge in Mexico ! even here in my state they have a large plant in the industrial zone . I heard a year ago about a huge invest in the estate from part of Saint-gobains . the note s below
http://www.prnewswire.com/news-releases ... 24382.html
I feel optimistic about this year elecctions
If God is watching us, the least we can do is be entertaining.
I live in Hermosillo, which has a large Ford plant. Over the past year the plant had to lay off a few hundred workers, which might not seem like much but is a big deal when you consider that the plant is one of the main sources of income for the city.
On the whole, however, I would say that Mexico has had a recession but has not had a "crisis" the same way as in the United States, for one good reason: Mexicans don't live on credit. They don't take out credit cards and run up tens of thousands of dollars in debt like Americans do. Also, houses are smaller and many generations live under one roof, so there is no need to have huge mortgages. In other words, Mexicans only spend what they have; Americans spend what they don't have (since after all credit is money that you don't have yet but promise to pay back in the future when you do have it).
Yes, there is some credit in Mexico; I don't want to make it sound like its a credit-free society, but it is not as bad as the United States. Most people I know only have credit from department stores chains like Coppel and then that credit is only to buy individual items like a TV or stereo set.
In conclusion, I would say that the US economy is better off still than the Mexican economy, but Mexicans are better able to live with what they have. Americans don't know how to live without consuming in excess.
In Tijuana, they have built several middle class communities in the rolling hills outside the city and appear to still be building. However, the tourist economy is suffering because of all the negative publicity in the US media. But they seem to get a steady stream of tourists from China.
5 posts • Page 1 of 1
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