Mexico Will Not Be the Next China 🇲🇽

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I feel like comparing Mexico and China and the roles they will play in the future global economy without even mentioning the current and forecasted demographics of the two is a huge oversight.

Last year Mexico surpassed Spain, this year surpassed Australia, and in 2045 will be undoubtedly the 6th largest economy of the planet. Even with corruption and even with the safety issues this is taking place… just imagine if they manage to get rid of that.

Mexico has great potential. It could never replace China but it definitely could become a significant regional manufacturing hub for the Americas. Remember, China too faced issues related to corruption and crime before it modernized. The future for Mexico is bright.

Having lived in the US and now living in Mexico, they have a completely different culture. It’s built upon community, not individualism (although people here are very self expressive). They view family and social connections as more important than career or economic status. In fact, in almost every new conversation with a Mexican person, they rarely ask me what I do for the living, that’s the first question in the US. Mexicans purposely enjoy a slower pace of life, which is refreshing after years of grinding it out on the US hamster wheel. I can’t see Mexico ever having the desire to become the world’s top economy, domination is not in their overall culture (of course except cartels). Other countries could learn from Mexico about being more kind, community oriented, having respect for elders, caring deeply for children and stopping to smell the roses…

As an American who spent much of my working life in Texas, I can certainly attest to the brain drain of the best and brightest of Mexican universities.

I think the painful lesson Covid and Ukraine taught large companies and governments is the importance of having a domestic supply of EVERYTHING when possible and if you're importing don't put your manufacturing eggs in one basket. There will never be another China, it's too risky.

They won't be the next China, but can be a vital manufacturing base.

I live in Mexico, right in the border from San Diego and I can confidently say that our biggest problem is the constant crime activity; specially in my city. I seriously hear about one or two incidents every single day that happen in my neighborhood… Can you imagine how many incidents happen in the whole city? It’s sad and frustrating because you can’t even trust the government nor the police/army.

The biggest problem with Mexico and Central/South American countries is that they are held back by people who only have their own self interest at heart. A few bribes and some people get rich while an entire nation's future suffers.

Most ppl still think that China's success is just based on its population. They don't know how safe, organized, and effective China is.

I loved your video. Most videos are just about what Mexico can do for developed countries. In your video you also analyze what all this means for the citizens of Mexico.

I would love to see the assessment of Indonesia as well, just like Mexico, it's always been overlooked as a country, both Mexico and Indonesia do have the potential to be much more significant on the world stage.

I am not an economist, but I do feel that Mexico is ideally located to be an economic superpower. I hope they establish strong economic relationships in both production and service industry across the globe.

Mexico still has a great opportunity to develop. The US is invested in Mexico. A better performing Mexico is better for the US. Immigration would be helped a ton. A market to sell. Safer for tourism. Better ability to fight drugs. A strong Mexico is good for the US. A Weak Mexico is good for China. China can then use it as a proxy if it is weak.

Mexico is getting 40 Million tourists more than Canada’s population and more than the tourist visiting Chile, Brazil, Colombia Republic Domenican, Argentina combined together

墨西哥加油！💪🇲🇽🇨🇳 Viva Mexico!

Enforcing the rule of law is essential for a country to become a manufacturing hub and sadly Mexico has too much corruption and crime. Say what you will about China but they will come down with an iron fist if they have to, Mexico can't (or won't) do that.

Banking of the underbanked in Mexico is very strongly driven by remittances. Senders lost a lot of the money sent via fees from traditional ways of remitting money like Western Union. There was also price fixing and abuse by some of the sender companies when they had more of a monopoly. So some banks, pre paid cards and apps started emerging over time to get remittances to people around the world. A video on the worldwide phenomenon of remittances could be a good idea.

It’s very hard for any countries to quickly replace China. They don’t just manufacture; most of the time they own the supply chain and the technology. To put it simple, for example making a T-Shirt. They grow the cotton, process the cotton into fabric, dye the fabric, cutting, and putting it into a T-shirt. They also make the machines to do those tasks. This makes them very competitive in terms of cost control. When you see clothes that are made in Vietnam, 80% of the time the Vietnam company is just putting the clothes together, all the fabrics and raw materials are still from China. They just own the supply chain many industries. Given how authoritarian their government is at pointing fingers for people to follow. It still took them years to achieve this. Having India or Mexico to replace China in the short future is very unlikely.