A Tale of Two Countries
14 March 2013
SANTIAGO – Barely two years ago, Brazil’s rapid economic growth and expanding middle class made it the darling of financial markets, whereas Mexico was better known for drug gangs and violence. With slow growth and stalled economic reforms, financial markets were about to write off Mexico as a lost cause.
In East Asia, a host of countries produce components for assembly in China (or elsewhere in the region) and subsequent re-export; in Central and Eastern Europe, a similar phenomenon occurs with Germany as the hub; and, of course, in North America, both Canada and Mexico are increasingly integrated into the US market.
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