In many ways Mexico’s automobile sector illustrates the paradoxes of the country’s modern economy. Mexico has become one of the world’s leading automobile producers and is home to factories run by Ford, VW, GM and a number of other major companies. But, while Mexico has emerged as a top manufacturer it has not seen particularly impressive growth in domestic car sales. In comparison to Brazil and Chile, banking lending as a percentage of GDP in Mexico is relatively low, meaning that many re...
In many ways Mexico’s automobile sector illustrates the paradoxes of the country’s modern economy. Mexico has become one of the world’s leading automobile producers and is home to factories run by Ford, VW, GM and a number of other major companies. But, while Mexico has emerged as a top manufacturer it has not seen particularly impressive growth in domestic car sales. In comparison to Brazil and Chile, banking lending as a percentage of GDP in Mexico is relatively low, meaning that many re...
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