Daniel Chavez Moran: Mexico’s Economic Rebound

Daniel Chavez Moran on economic reboundRetired luxury vacation real estate developer Daniel Chavez Moran is now focused on his philanthropic work through the non-profit Vidanta Foundation, but he recognizes that the global economy connects Mexico to Manhattan in the United States. Chavez Moran read with interest this Economist magazine article on Mexico’s economic rebound, excerpted below:

Making the desert bloom

…The financial crisis of 2008 began on the trading floors of Manhattan, but the biggest tremors were felt in the desert south of the Rio Grande. Mexico suffered the steepest recession of any country in the Americas…

The recession turned a reasonable decade for Mexico’s economy into a dreary one…

Yet Mexico’s economy is packed with potential. Thanks to the North American Free-Trade Agreement (NAFTA) and a string of bilateral deals, it trades more than Argentina and Brazil combined, and more per person than China. Last year it did $400 billion of business with the United States, more than any country bar Canada and China…

Though expatriates whinge about bureaucracy, the World Bank ranks Mexico the easiest place in Latin America to do business and the 35th-easiest in the world, ahead of Italy and Spain…

These strengths have helped Mexico to rebound smartly from its calamitous slump…

Related posts: Daniel Chavez Moran on growing economic opportunity and Daniel Chavez Moran on Latin America in a global economy.

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About danielchavezmoran

Daniel Jesus Chavez Moran is widely recognized for modernizing the Mexican tourism industry in the 1990s. Now retired, Chavez Moran now dedicates his time to his family, philanthropy and the support of educational programs.
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