This change in national politics has resulted in a much improved standard of living throughout Mexico and the growth of the middle class. The business climate inside Mexico is much improved and this trend should continue, however, the country is only a few years removed from being a totalitarian regime.
The illegal drug business remains a serious problem for the Mexican Government. It is a high priority for the Government as substantial portion of the national budget and military manpower is dedicated toward Mexico's war on drugs. This war often affects the operation of business within Mexico and must be considered (Gonzalez).
The taxing structure within Mexico is highly transitory (Stewart). The system is in a continual state of flux and anyone contemplating doing business in Mexico should be careful to be diligent and avail themselves of a qualified tax accountant well-versed in Mexican tax laws. The national government has identified tax reform as a priority and there is every hope that the tax laws will be stabilized in the near future.
Banking inside Mexico is much different than in most developed nations. Paying by mail is virtually unknown, electronic payments and deposits are beginning to become more popular but there remains large spread suspicion among many Mexican businessmen, and these suspicions spread into other areas of the banking process (Nelson). This generalized suspicion requires that anyone doing business in Mexico develop a strong, personal relationship with a banker so as to expedite the entire banking process between the business and the bank.
IV. Potential Rewards
For North American companies wanting to do business with Mexico the advantages are considerable. Although competition from China and India remains intense, as long as the Mexican peso remains relatively stable, the faster delivery times and lower transportation costs make importing goods from Mexico an attractive option. As an exporting market, the growing Mexican middle class provides a ready source of business. Products such as cell phones, electronic devices, and appliances have a ready market in Mexico and Mexico's proximity translates into a faster turnaround on sales and distribution. Because of its proximity to the United States, for instance, Mexico offers a wonderful opportunity for companies seeking to test new products.
For companies planning to locate their business within Mexican borders,...
Come with us and get the opportunity to have things work in accordance with your desires for once in your life. Stop encouraging them to take advantage of our weakness and accept the fact that you too can go against your oppressors! Stop agreeing to the belief regarding how your government controls you! You are responsible for your fate and for the fate of those close to you! The fact
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