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Mexico has long since benefitted from its close relationship with the United States, such that 88 percent of its exports went to America. However, after the crash of 2008, Mexico experienced a severe drop in American demand and began to rethink its strategy to service only the American market. These days, Mexico has diversified its export market so that only 80 percent of exports go to the United States, and more exports go to Latin American countries, Asia, and Europe instead. The share of exports going to America is expected to decrease further as Mexico is well-positioned to be the vendor of choice for emerging economies due to its unique market position. Read the rest of this entry »