Mexico Could be the New China
Rafael Rivero and Sara Miller Llana | September 12, 2008
Due to high oil prices that make transport more expensive, US companies might stop outsourcing to Asia and give Mexico another chance. ++ China's export taxes are rising, its workers are demanding higher wages and the Chinese currency is rapidly appreciating against the USD. ++ Therefore, Mexico is the better choice, but it also has to cope with challenges such as high raw material costs and expensive labor. ++ Mexico's ability to train qualified technicians and engineers will be the key in the competition with China.
