Is Mexico A Cigarette-Based Economy?
Following the recent comment made by Hon. David Parker about Labour’s concerns for New Zealand becoming ‘Australia’s
Mexico’, the Mexican Ambassador, Mrs Leonora Rueda, has written a response to the MP noting that Mexico has been awarded
the privilege of assuming the annual Presidency of the G20 this year not only because of its being the 14th largest
economy in the world, but also through the good performance of its economy over the past 20 years.
Amongst other points, she notes that thanks to a highly developed infrastructure and a modern multimodal transportation
system, including a vast network of commercial corridors, ports and airports, Mexico is one of the largest recipients of
Foreign Direct Investment (FDI) in the world.
FDI in Mexico is nowadays concentrated in high value-added products, such as the aerospace, telecommunications and
biotechnology industries, which opens up careers in technology and creates specialised education and allows the
integration of academies into the productive sector, thereby increasing research and development and productive chains
based on the knowledge economy.