61–70 of 102 posts
Texas’ proximity to Mexico is a dream for both. Cheap, clean energy, an abundance of workers, and a stable trading partner.
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Quite a few LatAm countries had leading GDP (GNPs back then) a century or so ago, but mismanagement, endemic corruption, poor education, and a different attitude toward time management led them down a different path. It didn’t have to be that way. They can pull themselves up like Salvador is doing, or they can be eternal victims like Cuba and have the Yankees as a convenient scapegoat (that’s not saying US meddling d…
> (that’s not saying US meddling didn’t stunt growth) That's a pretty quaint way to put it, especially after mentionning Cuba. Just to go on with Taiwan, South Korea and Japan which have specially strong ties to the US. In general attributing individual traits ("attitude toward time management", "scapegoat", "blaming") to whole countries to explain long term economic evolutions and gepolitics is iffy at best.
It takes leadership and the cooperation of the people.
With the right government, I’d bet Cuba could turn things around, US or no US. But it’s hard work, sacrifice and effort.
Demographics-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...
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Very dubious list. Russia and Brazil in the top ten? Highly unlikely. I wouldn’t trust any of these projections in the slightest.
Brazil has a large and heavily industrialized economy. It is however radically unequal (even by US terms) which may be why you think the country is poor as a whole. With a GDP of $2 trillion USD the Brazilian economy is comparable to Spain or Korea in size.
Demographics-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...
Very dubious list. Russia and Brazil in the top ten? Highly unlikely. I wouldn’t trust any of these projections in the slightest.
https://en.m.wikipedia.org/wiki/List_of_countries_by_GDP_(no...
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How does one invest in this to ride the wave?
There's the VMEX etf if that's the kind of thing you're looking for
The only mainstream ETF that I'm aware of for Mexico is BlackRock's EWW. I held that for a little while this past year, and wish that I had held far longer since it blew the doors off the S&P 500's returns.
However, I would only recommend putting a little play money in an investment like this. Not shifting your entire retirement savings into it. An investment in Mexico is really more of a short-term forex play than a matter of where the Mexican economy may or may not be several decades from now. Economically, Mexico is very much a vassal state of the USA. If things go badly enough for the U.S. economy to fall behind, then odds are Mexico would be heavily impacted by those circumstances directly or indirectly.
America should agree to merge with Mexico. It would be more powerful than anyone has imagined.
After the Mexican-American war Polk wanted the US to expand all the way to modern Santiago de Queretaro and could have easily done it but the guy who ultimately negotiated the treaty on the US' behalf was against the idea of US expansion so negotiated against the US' own interests.
If those two decisions had gone the other way then it seems likely that all of Mexico if not all of Central America would be part of the United States today.
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> (that’s not saying US meddling didn’t stunt growth) That's a pretty quaint way to put it, especially after mentionning Cuba. Just to go on with Taiwan, South Korea and Japan which have specially strong ties to the US. In general attributing individual traits ("attitude toward time management", "scapegoat", "blaming") to whole countries to explain long term economic evolutions and gepolitics is iffy at best.
I disagree. It’s a cultural thing. Taiwan or Singapore vs The Philippines. They have different attitudes (they can be changed if there is a pop wide effort). It takes leadership and the cooperation of the people. With the right government, I’d bet Cuba could turn things around, US or no US. But it’s hard work, sacrifice and effort.
Earlier quoted context omitted.
I disagree. It’s a cultural thing. Taiwan or Singapore vs The Philippines. They have different attitudes (they can be changed if there is a pop wide effort). It takes leadership and the cooperation of the people. With the right government, I’d bet Cuba could turn things around, US or no US. But it’s hard work, sacrifice and effort.
The common theme among Taiwan, South Korea, Japan, Singapore, besides friendly relations with the US as GP mentioned, is that they are all within the cultural influence of "Confucianism".
But I think you bolster my point, culture has to do a lot with how a people confront adversity and overcome it.
Both Korea ad Taiwan could have cried about being colonies of Japan whose resources and people were taken with no return. Japan could have succumbed to US defeat and felt sorry for itself too.
America should agree to merge with Mexico. It would be more powerful than anyone has imagined.