Could Mexico grow bigger than Brazil in the next few decades?

What if Mexico were to become a bigger economy than Brazil?

In recent years Brazil has outplayed Mexico, growing at 6% or more as Mexico bumped along in the slow lane 다운로드. But lately that has changed. Last year Mexico grew by 4% and Brazil by 2.7%. This year Mexico is expected to get close to 4% again, whereas some economists reckon that Brazil’s rate could dip below 2% realtek HD 오디오 관리자. A recent report by Nomura predicted that Mexico’s economy, currently half the size of Brazil’s, could end up the bigger of the two within the next decade 다운로드. – The Economist

To get into some detail, in 2011 Mexico had a GDP of $1.15 trillion and Brazil with $2.48 trillion 윈도우 보안 패치 다운로드. It seems like a tall order for Mexico to more than double its economy.

 

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But, if you look at certain sectors, like automobiles, Brazil is starting to face some growth problems 다운로드. Originally, the country grew by exploiting is size, natural resources, and population. In order to keep up growth they will need to expand internationally with products and services 다운로드.

Last year, Brazilians created 3.4 million cars and exported only 540,000. That is worth $372 million.  Mexico, on the other hand, created 2.6 million cars and exported 2.1 million of them 윈도우 서버 업데이트 다운로드. That is worth $2 billion and reflects a growth of 40%. (The Economist)

Mexico may be more ideally situated for growth in the next few decades than Brazil is 다운로드.