Tag Archives: Mexico

Non-U.S. Tourists Leading Mexican Tourism Growth

Everyone talks about the “BRIC” countries.  However, the keen investor has already moved on to the MIST countries:  Mexico, Indonesia, South Korea, and Turkey.  And all indications are that Mexico is really on the move, economically.  Recently, they’ve discover even more oil, they are already the largest gold producer in the Region, and just for kicks, Mexico defeated Brazil in the London Olympics for the gold medal in Men’s Soccer, Neymar and all.  Now, they’re killing it in tourism.

Safety issues for foreigners are generally overstated.  Combined with the fact that in large parts of our Southern neighbor, anything goes.  You can get whatever you want and can’t get in the United States, including prescription medication, at a fraction of the price.  Add to it that Mexico is a gateway to the U.S.  And even as the number of travelers from the U.S. dropped a measly 1%, in the first half of the year, Mexico reported a 77% increase in visitors from Russia, a 61% jump from Brazil and a 38% bump from Venezuela.

Montezuma and his kin knew what they were doing when they settled in what is today Mexico City.  Now, if the Mexicans can capitalize on their many blessings, they could turn themselves into an economic juggernaut, and exact Montezuma’s real revenge.  He who has the gold makes the rules.

Read Hugo Martín’s Los Angeles Times article here:

http://lat.ms/RgaOH2

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Mexican Prez Proposes Privatized Oil

I’ve always believed in the fundamentals of the Mexican economy.  That is, if the bureaucrats and the thieves could get out of the way.  Mexico has more resources pound for pound than most other economies in the world, and there is no reason that the Mexican economy should not be among the world’s leaders.  Well, now that the U.S. is experiencing an oil and gas bonanza of its own, the Mexican government is starting to reevaluate its position on State Oil.  Mexican President Enrique Pena Nieto proposed on Monday lifting a decades-old ban on private companies investing in the state-run oil industry, a cornerstone of Mexico’s national pride that’s seen production plummet in recent decades.  Finally, it’s time to consider an alternative to State Oil.  Well, Mexico, what took you so long!

Read  Mark Stevenson’s Miami Herald article here:

http://hrld.us/1bs5hVZ

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Mexican Prez Proposes Privatized Oil

Matamoros, Mexico Inviting Spring Break Crowd

When I was in school in Texas, the place to go “locally” for Spring Break was South Padre Island, Texas. Now a little town not too far across the border on the Mexico side is vying for some of that Spring Break action. Only now, Matamoros isn’t such a small town anymore. Matamoros has a history of boom and bust, and NAFTA hasn’t done a lot to change that. And right now, they’re trying to ride tourism back to the boom times. For those souls brave enough to cross the border into a little slice of the Wild West, Matamoros hopes you will let the good times roll.

Read Olga R. Rodriguez’s ABC News article here:
http://abcn.ws/1lpYOPX

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Matamoros, Mexico Inviting Spring Break Crowd