Mexico’s economy is shifting into a higher gear in 2023, thanks in part to stronger than expected investment from nearshoring. This July, we saw a historic moment as Mexico passed China to become the biggest exporter of goods to the United States, reclaiming that title for the first time in 20 years. What does this transformation mean in practice for Mexico’s industrial hubs? Is the country taking full advantage of the nearshoring trend, or could it be doing more? What is the relevance of politics and the 2024 elections to investors’ decisions? Our guests today are two Bloomberg journalists who recently reported from the industrial hub of Monterey, in the north of Mexico: Maya Averbuch, an Economy and Government Reporter based in Mexico City, and Leda Alvim, Markets Reporter at Bloomberg News, based in São Paulo.
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Guests:
Maya Averbuch and Leda Alvim are Bloomberg News reporters
Brian Winter is AQ’s editor-in-chief.
Supplemental reading:
Can Xóchitl Gálvez Save Mexico’s Opposition? by Carin Zissis
AMLO’s Forever Agenda by Alejandra Soto
AQ Podcast: Election Fever in Mexico
The Great De-platforming of the Mexican Intellectual by Alex González Ormerod
