“Mexico is now the 7th largest auto producer in the world, with China and the US in the lead. While labor costs play a significant role in the growing production disparity between Mexico and Brazil, Mexico also has the advantage of lower taxes and duties. So while most of the cars made in Brazil remain in that country, 8 of every 10 cars produced in Mexico ultimately end up being exported with more than half arriving here in the US. In addition to lower labor costs and taxes, Mexico is winning a bigger slice of the automotive pie thanks to its relatively well-educated labor force, as nearly half of working Mexicans have a secondary education as compared to less than 15 percent a decade ago.”
http://www.investingdaily.com/20711/mexico-the-worlds-new-china-2/
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