Page 22 - OCEAN BLUE - WINTER 2013

FROM THE CHAIRMAN

It is a well known fact that the financial crisis that started

in mid-2008 placed the economies of Brazil, Russia, India
and China (BRIC) in peril. As opposed to the these countries,
Mexico developed differently and the financial crisis generated
opportunities that BRIC countries did not have.
The reason why Mexico is different is to be found in its financial
policies. Here are some of the facts:
• Mexico is one of the best financed countries in the world
• Its reserves have reached historical heights thus creating an
environment of stability that makes the country extremely
attractive to foreign investors
In 2011, the Mexican economy grew even faster than any South
or Central American country, including Brazil. According to
The Economist, “Mexico is already the world’s biggest exporter
of flat screen televisions, BlackBerrys and fridge-freezers and is
climbing up the ranks in cars, Aerospace and more. On present
trends, by 2018, America will import more from Mexico than
from any other country. “Made in China” is giving way to
“Hecho en Mexico”.
Mexico’s economy has grown to be the fourteenth in the world,
ahead of South Korea. CNBC’s writer and editor Tom Twomey
points to other enviable characteristics: “A balanced government
budget, a steadily growing population, a dramatically reduced
deficit and relatively high interest rates.”
For Laurence D. Fink who oversees $3.86 trillion US Dollars
as BlackRock Inc. (BLK)’s chief executive officer, “there is no
better place to invest than Mexico.” Fink goes on to say that
Mexican President Enrique Peña Nieto’s proposal to end the
state oil company’s 75-year monopoly would “turn Mexico into
one of the world’s biggest energy producers and unleash and
investment boom” - making Mexico his favorite destination to
put money.”

22 www.oceanblueMAGAZINE.com