When the head of the IMF described Mexico as a country which could be a model for the remainder of Latin America, she was looking at the means in which Mexico had started to improve its economy. The state has settled itself on a firm economic foundation that may not just ensure continued success for its own people, however which is also attract foreign investment from across the world, bringing a much required injection of cash into the market and giving foreign corporations a secure location on which to manufacture their products close to home.

The approval of the IMF has caused many foreign investors to think about Mexico in a new light and choose to place a number of their capital in the Latin American country. The IMF head noticed that Mexico was in a rather unique position, having the power from foreign investment to shape the worldwide fiscal condition, whether that is negative or positive.

Unlike other countries, such as the US and also the UK, who are forced to reduce on investment, and are accused of harming businesses because of lack of chance, Mexico is running streets ahead of the pack, with a pattern of encouraging technological advances that is only matched by that super-power of the production line, China.

Being second to China is no mean feat for a small country which has had its share of issues, however by deciding to put their people first, and inspiring a round of foreign investment through recent legislation intended to encourage new business ventures, Mexico has turned the corner. By being one of the few nations encouraging innovation, Mexico has not only encouraging foreign investment, but is also ensuring that its next generation of business individuals are technically developed and ready to embrace change. In a recent survey, it was calculated that only around 45% of people within the US and the UK are keen to embrace new advances in technology, whereas a similar survey instructed that over 80% of Mexicans are keen to use technology to advance their businesses.

By encouraging foreign investment through legislative changes and at the same time making certain that their own business-people are able to deal with the technological demands of the future, Mexico is placing itself in an ideal position to become the number-one location for investment from global corporations. Mexico has learned how to open itself up to the global economy and this is why the IMF considers it to be a role-model for other Latin American countries.

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By Shahid

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