Mexico is now the 12th largest economy in the world
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Mexico is now the 12th largest economy in the world
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Re: Mexico is now the 12th largest economy in the world
#2Texas’ proximity to Mexico is a dream for both. Cheap, clean energy, an abundance of workers, and a stable trading partner.
Re: Mexico is now the 12th largest economy in the world
#3Economy size is very interesting in itself and has a lot of relevance in some decisions, but per capita has always seemed more important to me, i.e. the Italy and Russia comparison as similar size economies is an interesting one.
Mexico is apparently 10th in population.
Re: Mexico is now the 12th largest economy in the world
#4Demographics-wise it makes sense that Mexico passed South Korea and Australia. And long-term it's projected Mexico will get up to 7th place by 2050.
https://www.independent.co.uk/news/business/these-will-be-th...
Re: Mexico is now the 12th largest economy in the world
#5Texas’ proximity to Mexico is a dream for both. Cheap, clean energy, an abundance of workers, and a stable trading partner.
Yeah there’s been a ton of growth in Monterrey, it feels very new and modern like all the development in Austin. I’m very optimistic about northeast Mexico.
Re: Mexico is now the 12th largest economy in the world
#6Demographics-wise it makes sense that Mexico passed South Korea and Australia. And long-term it's projected Mexico will get up to 7th place by 2050. https://www.independent.co.uk/news/business/these-will-be-th...
How does one invest in this to ride the wave?
Re: Mexico is now the 12th largest economy in the world
#7Texas’ proximity to Mexico is a dream for both. Cheap, clean energy, an abundance of workers, and a stable trading partner.
Cheap/clean energy and Texas don’t seem to line up. They have an oil and natural gas monopoly that goes all the way up to their elected officials. It’s literally why they had that massive grid failure. It wasn’t a capacity issue it was just greed.
Re: Mexico is now the 12th largest economy in the world
#8Economy size is very interesting in itself and has a lot of relevance in some decisions, but per capita has always seemed more important to me, i.e. the Italy and Russia comparison as similar size economies is an interesting one. Mexico is apparently 10th in population.
GDP PPP is the one that matters.
Re: Mexico is now the 12th largest economy in the world
#9Accounting for population growth, Mexico is one of the most successful countries. The standard way of measering growth on a per-capita basis doesn't account for this, but that's a bias towards resource-rich countries with declining populations.
Re: Mexico is now the 12th largest economy in the world
#10Texas’ proximity to Mexico is a dream for both. Cheap, clean energy, an abundance of workers, and a stable trading partner.
Cheap/clean energy and Texas don’t seem to line up. They have an oil and natural gas monopoly that goes all the way up to their elected officials. It’s literally why they had that massive grid failure. It wasn’t a capacity issue it was just greed.
Texas nevertheless enjoys an abundance of renewable energy sources. They have more than any other state including California and are adding more faster than any other state. Their renewable fraction is still not as high as California, because they use so much more energy, but their absolute numbers are very high. Texas also has a natural advantage that their solar resources are far to the west of their population centers, so their "duck curve" looks a little more tolerable.