Sunday, February 24, 2013

Tom Friedman Claims That Mexico Will Become The Next Superpower

I don't know what they fed Tom Friedman, or what he smoked, on his recent trip to Mexico, but he has decided that Mexico will have a larger economy that China or India in the 21st century.  He argues that Mexico will have lower wages than China, and he was impressed by the use of technology in Mexico.  Twitter is used to improve communications.  They probably use Facebook extensively in Mexico as well.

Some might wonder about Mexico's economic future given its high crime rate.  US citizens have been warned against travel in Mexico by the State Department.  Friedman is not concerned about drug wars and crime in Mexico.  The three political parties in Mexico have decided not to fight with each other.  They have agreed to a "grand bargain" that he urged the Republicans and Democrats to adopt.  I'll bet that they also have Twitter accounts.  That should solve their governance problems.

My brother works in Mexico and he loves the country and its people.  It would be great if Mexico could solve its political and economic problems and provide a decent standard of living for its hard working people.  However, competition with China on wage rates is not the best path to a better standard of living or governance in Mexico.

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