Mexico is competitive before BRIC
Mexico City – Mexico is a cost competitive destination for investment when compared to the so-call BRIC economies (Brazil, Russia, India and China), as far as labor, land and some operation costs (power) is concerned, the study “Competitive Alternatives 2012”, prepared by KPMG, reveals.
Emerging markets attract almost 50% of Foreign Direct Investment (FDI), according to data from the International Monetary Fund (IMF), being low costs for labor, transportation, land and electric power the main attractions in these economies.
Little by little, costs gaps between BRIC and other emerging economies, such as Mexico, have been reduced, which has increased our country’s competitiveness before these markets, making it a very attractive destination for investment.
Source: CNN Expansion | Date: 09/05/2012