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Mexico a new land of opportunity for migrants

11/10/2013

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MEXICO's past economic issues once sent millions of Mexicans north to the United States, is now significantly turning into an immigrant destination. This change is particularly big with Mexico’s northern neighbor, where Americans now account for close to one million. In the past couple of years, more US citizens are being added to the population of Mexico than Mexicans are being added to the population of United States, based on government data of both nations. Mexican migration to the US has achieved equilibrium, with approximately as many Mexicans relocating north from years 2005 to 2010 as those going back south to Mexico.

PictureMexico Stock Exchange
Mexico once closed off to most of the world is now considered one of the most open economies in the world and holds the title of having the most free trade agreements of any country in the world. Actually, Mexico is not just opening up economically, but there seems to be a broader change happening, including culturally, socially and economically within it's own borders.  Several economic experts, demographers and Mexican authorities see the increasing foreign existence as an indication that worldwide trends have changed.  

Experts agree that this could be Mexico's moment, however Mexico will need to focus on things beyond establishing free trade agreements. Although a middle class seems to be forming very nicely, Mexico must continue to work hard to fight inequality which remains a big problem in the southern states of Mexico and continue to increase access to quality education in many parts of the country, and the continued course to reign in crime.  

Although, Mexico has been experiencing growth at a faster rate than its northern neighbor there are signs of some slowing so the nation will need to continue to open up its largest investment sectors including oil, telecommunications and continue to work on labor reforms, tax reform and loosen credit so that it does not lose its moment. 

Mexico has a better shot now than in the past as it works to take advantage of ambitious entrepreneurs from around the world, including freshly educated Mexicans (most of the Mexican population is between still in their early 20's).  Mexico has to take advantage of the tens of thousands of global companies searching for alternate options to China. Economic experts and authorities believe that Mexico could finally turn into a more equal associate for the United States and become a first-world nation that it's past Presidents have guaranteed for years but failed to delivered.

One of the advantages of being receptive to new immigrants, is that immigrants bring more immigrants.  Mexico is no different, where it is seeing it's newest immigrants from around the world settle in places where other immigrants from their ancestry are already living in Mexico. For example, American and Canadian retirees are appearing in new developments from San Miguel de Allende to other sun-drenched areas all over Puerto Vallarta and Cancún.  However, demographers which once thought it would only be the beaches that would see the greatest growth, surprisingly are finding that many of the newest immigrants are actually moving and finding residence in central Mexico as well. 

This phenomenon, has also created new businesses north of the border where a growing number of American consultants are assisting companies that want to switch production from China to Mexico. However, it's not just manufacturing that are finding much success, it is also technologist where Mexico's Silicon Valley (Guadalajara) are seeing masters like Andy Kieffer, the creator of Agave Lab, establishing smartphone apps and funding new start-ups.  Others' such as Germans are heading in and traveling with the locals, to newly minted Volkswagen manufacturing plants such as the one opened in Guanajuato.  Hospitality is also finding a great opportunity with major brands food and accommodation setting up.  It is now not unusual to find sushi and other international flavors in many hotels catering to international visitors. 

Awareness is what push migration throughout the world, and what is happening in Mexico today is eye opening opportunities from architects, artists and business owners. Immigrants see the opportunity to establish themselves to an economy ripe for growth, and if many of these structural changes take effect, it will attract even more immigrants to this new land of opportunity. As an example, Koreans residing in Mexico have grown 10 times between 2000 and 2010.

Mexicans has permitted double nationality for over a decade, and because of this there is an increasing group of people from other countries relocating. A globalized generation could live basically about everywhere, but they are significantly choosing Mexico.

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    Authors

    Luis Mata - Editor
    Jenn Gragert - Editor


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