Unlocking eSignature Legitimacy for Engineering in Mexico

How to eSign a document: eSignature legitimateness for Engineering in Mexico

president Carlos Selenas forever changed Mexico he transitioned Mexico into a free market economy ushered in democracy and was the driving force behind NAFTA the largest free trade zone in the world but the end of the selenous administration would be marked by a currency devaluation strategy that went horrifically wrong this economic catastrophe along with corruption allegations destroyed the president's reputation to learn more about this critical time in Mexican hisory history check out the previous part in this series otherwise stay here to learn how NAFTA linked the destiny of all three of meos For Better or Worse the three North American economies are handcuffed to each other the three federations will either Prosper or fail is one but the evidence shows that North Americans should feel pretty good about their economic future here's [Music] Why Us politician Ross perau predicted that NAFTA would create a giant sucking sound of us jobs going south while correct perau failed to see that the giant sucking sound would flow in every direction imaginable and even sucking jobs from Europe and Asia yes it is true that a lot of us jobs and investment went South but a lot of Mexican investment also went North take for example Rini one of the biggest break manufacturers in the world a majority of North American pickups use parts manufactur ured by this Mexican based company while officially headquartered in the state of coaa Rini built two main manufacturing hubs in Michigan in Ohio all thanks to NAFTA Rini isn't unique there are several other Mexican based companies that also expanded Manufacturing in the north vitro which makes car windows is headquartered near Monteray and they built six manufacturing hubs in the US and four customer service centers in Canada there's also neac a keys supplier of engine heads and blocks also headquartered near Monteray neac expanded manufacturing into the US and Canada these are not anecdotal examples car manufacturing across the continent is deeply integrated in all three countries today there's no such thing as a Canadian car a US car nor a Mexican car there is only a North American car instead of trading with each other the Three Amigos Build Together in the 1970s and 80s there was a legitimate fear that North American manufacturing would be crushed by Asian competition but thanks to NAFTA those fears were mitigated today the United States exports about 1.6 million cars per year and they were built with components from both Mexico and Canada this high volume of exports would be impossible without NAFTA North American car manufacturing became so efficient that Asians and Europeans were concerned that they couldn't keep up as a result foreign car companies had no choice but to invest in North America the result is an undeniable win for the entire continent and this map is just for final assembly a map that included all parts manufacturing would be too cluttered to be coherent NAFTA created a trilateral automobile manufacturing superpower through commercial integration The Three Amigos build products that are highly competitive on the global market today nearly 5 million us jobs are dependent on NAFTA of course Mexico won too since the implementation of NAFTA Mexican GDP per capita has grown by nearly 54% and Mexico's income inequality also improved after the implementation of NAFTA Mexico's contribution to the North American economy goes well beyond cheep labor Mexico also provides a lot of brain power starting in 1996 Mexico made big investments into training their own engine engineers in some years Mexico had more engineering graduates than either of its northern neighbors this investment greatly expanded the Mexican middle class while also attracting additional foreign investment when GE wanted to develop new technology in renewable energy they set up shop in Mexico when Honeywell wanted to make advancements in new safety features they too went to Mexico and when Boeing wanted to crash test to 727 they did it in in Mexico Mexico's Crown Jewel of engineering is arguably the Volkswagen Jetta A6 about 70% of all the parts on this popular sedan were designed by Mexican engineers in total nearly 900 Mexican Engineers made this car possible and the vehicles were assembled in pbla during Peak production Mexico built 2,500 Jettas per day 80% of which were exported around the world including Germany but the Jetta A6 is unique most other North American manufactured goods are built and designed by all Three Amigos if someone in the US buys a product that was imported from Mexico there is a 40% chance that it contains at least one component that was made in the US if they buy a Chinese product that probability drops to 4% while the automotive sector is highly integrated it's not the only one Aerospace large Vehicles iron steel production household goods and clothing are all deeply integrated across all three countries there's no doubt that NAFTA supercharge the North American economy but the trilateral economy needs much more than just Capital engineers and factories it also needs cheap and reliable energy when it comes to hydrocarbon energy all Three Amigos are big big producers of natural gas and oil both Canada and the US rank in the top five of natural gas production Mexico also fares well ranking in the top 30 as for oil production all Three Amigos rank in the top 15 when it comes to energy a perfectly integrated North America would be completely energy independent but the three federations are a bit hesitant of becoming too reliant on each other after all export diversification is the safe move Canada ships about 4% of its oil outside of the continent and Mexico exports nearly 50% the US does the same with natural gas exporting about 54% outside of North America should globalization completely collapse as I speculated on in another video North America is one of the few places in the world that can maintain modern living standards if the Three Amigos want to pursue a lowc carbon economy they can also do that all on their own if any country is serious about going green they'll need to do it with nuclear energy Canada just so happens to have the world's biggest uranium mine the MacArthur River mine alone accounts for 133% of the world's uranium supply of course modern nuclear facilities need to utilize high-end microchips and high-end microchips need High Purity courts the most productive mine for high Purity courts can be found in the spruce mining District of North Carolina only Norway has access to similar reserves of high-grade Courts Russia does as well but they're going to have a hard time importing the needed mining equipment for the foreseeable future as for actually manufacturing the high-end ships that's where Mexico comes in maybe those deals are still under negotiation at the time of this writing should the deal go through Intel already has a worldclass research and Design Center in guadalahara and there is plenty of Mexican talent that can make chip Manufacturing a reality chips or no chips all Three Amigos have access to another critical resource needed for the future lithium and this is just a satellite view of the new North America on a more granular level cities along the US Mexican border were radically transformed due to NAFTA neighboring cities aren't isolated but more so operate as integrated Metropolitan hubs quite analogous to how Buddha and pest merged into a single City San Diego relies on the Tijana airport for international flights El Paso Lac Cruses and waras are often referred to as the borderplex and it just so happens to be the home of the first commercial Spaceport in the world and who can forget that happly named towns of kxo and Mexicali but to truly understand the integration of these bational Metro hubs I recommend the histories of Mexico podcast while researching this script I came across the histories of mexic Co podcast and was truly inspired at the level of deep research and engaging presentation style I reached out to the podcast and they were kind enough to critique the scripts for this video series the podcast is full of entertaining stories from the indigenous people of Tabasco to the chinat toown of Mexicali known as chanisa the podcast is profiling the history and geography of all 32 Mexican states and I can't wait to see where this podcast goes and they are released in a special supplement series that documents the integration of the US Mexican border cities the podcast is linked below be sure to check them out after this now back to NAFTA NAFTA enhanced the economies of all three countries and made them more resilient to geopolitical shock waves NAFTA has been so successful that Ros pero sun and air now sings its Praises so you look at how important trade is for us it's huge NAFTA is critical to our economy I mean Mexico is part of the Texas family I mean the men and women of Mexico are critical the men and women coming in from Mexico to help run our economy are critical for all of nafta's benefits it did have one critical weakness none of the beneficiaries of the trade agreement took the time to promote its impressive yields politicians on either side of the Border would eagerly highlight nafta's flaws to erect populist excitement over the years it seemed that NAFTA would withstand populism some but then the 2010s arrived well NAFTA did a lot of good for the continent it did cause a lot of damage to specific groups in each country these pain points can't be ignored in the US manufacturing jobs plummeted this included both Factory workers and mechanical engineers some of this job loss can be attributed to advancements in robotics in addition to the rise of China the actual number jobs lost due to NAFTA depends on Whose analysis you prefer as for Mexico small and medium-sized corn farmers were on the losing end at the trade deal while the US heavily campaigns for neoliberalism and free trade there is a bit of hypocrisy that needs exposing the agriculture sector for reasons that can be traced back to the dust bow in the New Deal the US government loves protecting their Farm industry this includes a mix of subsidies and protectionist tariffs all of which vary from crop to crop just as Mexico refused to liberalize their oil industry the US refused to liberalize the a sector this meant that Mexican corn Farmers got crushed when NAFTA arrived they were not competing on a Level Playing Field and small Mexican corn Farmers had no chance of competing with us corn Farmers that were heavily subsidized with government handouts however not every Mexican Farmers suffered those who converted their Crop Production to avocados tomatoes or strawberries did very well so well that Mexico has a trade surplus in the a sector identifying which Canadians lost from NAFTA is a bit more nuanced generally speaking if a Canadian industry or company was already integrated into exports they did very well but if a firm was too dependent on Canadian only customers they would suffer it is undeniable that NAFTA was for the greater good of the continent but it is equally undeniable that it caused a tremendous amount of suffering to a minority of the population these weren't job losses these were career losses the wheels of economic progress tend to crush over the innocent whose only crime is choosing the wrong career at the wrong time the legitimate grievances against NAFTA created an environment rip for political opportunism and sensationalist journalism particularly in Mexico and the United States any us politician who wanted to become president would have to criticize the deal instead of creating jobs NAFTA cost us jobs NAFTA was a mistake which Democrat opposed NAFTA and other trade deals that send American jobs overseas John Edwards is the only one I want to be a President Who focuses on Smart pro-american trade well there's no doubt that NAFTA needs to be amended but one presidential candidate sounded a bit more sincere in his criticisms of NAFTA na is a disaster the single worst trade deal ever made by any country anywhere in the world State and I have your husband signed NAFTA which was one of the worst things that ever happened to the manufacturing industry you go to New England you go to Ohio Pennsylvania you go anywhere you want secretary Clinton and you will see Devastation where manufacturer is down 30 40 sometimes 50% NAFTA is the worst trade deal may be ever signed anywhere but certainly ever signed in this country but Trump wasn't the only trade skeptic nativist who rise to power meet Andre Manuel Lopez oor commonly referred to as amlo in a lot of ways amlo is a mix of both Donald Trump and Bernie Sanders he is highly suspicious of foreigners rails against neoliberal cap capitalism and free trade is anti-tax pro welfare and is quite critical of his nextdoor neighbor Amo first ran for president in 2006 and lost by a very slim margin he never conceded and held a large protest in the capital [Music] after the protests amlo created a new political party which eventually won him the presidency in 2018 when he took office he maintained Mexico's very tough anti-immigration policy so much so that he received criticism from Amnesty International president Andre orador have been continue with this narrative about human policies towards migrants and refugees unfortunately in practice we are seen totally a distant from that narrative from that discourse the militarization of the B is the continuation of these share policies that are violating the rights of people the treatment that many of these people are receiving at the border including the border between Mexico and Guatemala Amnesty International has been documented massive Deport of people in need of international protection including Haitians um Central Americans Venezuelans Cubans uh people have been detained in Immigration detention uh facilities with nativism rising to power in both Mexico and the United States it seemed that NAFTA was done for but while both presidents talk tough on NAFTA they knew that a full-blown repeal would be catastrophic to their economies North America had become deeply integrated and and a sudden halt of that integration would trigger a recession if not a full-blown depression to put it simply none of the Three Amigos can build a car on their own anymore sure new Supply chains can be established to resurrect domestic car production but these new Supply Chains would cost billions of dollars and take years if not over a decade to completely develop and all of that investment from Europe and Asia would evaporate during the Spring of 2022 North American automakers faced a chip shortage and car prices skyrocketed and that was just for one component needed to build a new car if similar supply chain stresses were put on brake pads windshields airbags steering wheels or any of the thousands of other components needed to build a car it would have been a disaster and that goes without mentioning the steel plastic rubber and other materials needed to build the components in the first place if NAFTA was killed then the North American economy would be killed with it North Americans would be left begging Cubans to teach them how to maintain old cars this dilemma extends well beyond the automotive sector any industry that was plugged into the 10.6 trillion dollar worth of North American Trade was at risk the economies of all Three Amigos have become quite reliant on each other terminating the deal without a replacement would utterly kneecap the North American economy luckily cooler heads prevailed when it became very likely that amlo would be the next Mexican president he made two phone calls one to Trump and one to the sitting Mexican president Enrique pan nto he informed the two presidents that they needed to renegotiate NAFTA now if they could complete the deal before amlo took office he promised that he wouldn't kill the deal in the spring of 2017 the new NAFTA negotiations began while Trump and Neo certainly had an awkward relationship the trade negotiations actually went pretty smooth there was too much at stake for political Shenanigans the US and Mexican trade negotiators agreed to make slight adjustments to the original deal that were mutually beneficial and both presidents included their respective opposition parties to ensure that the New Deal would be politically viable despite all the preceding name calling and awkward photo ops the negotiations were quite productive everything was progressing nicely ly but then the Canadians got involved Canadian Prime Minister Justin Trudeau thought he could use the NAFTA renegotiations as a way to win political points with his environmental base he had already strong armed Alberta and Saskatchewan and now he thought he could do the same thing to Mexico and the US quite a bold move considering that Canada has higher capita CO2 omissions than its Southern neighbors despite the hypocrisy Trudeau was serious he would not agree to a New Deal unless there were stronger environmental Clauses to be fair to the Prime Minister it could be argued if Environmental Protections would make for good policy but it could not be argued if they were politically viable getting Mexico and the US to agree to environmental guidelines just wasn't going to happen Trump's political base included the fossil fuel sector and he wasn't going to stab them in the back for Canada as for Mexico there's a patriotic connection with their oil in Mexico the people own the oil not corporations and certainly not foreigners they would not sacrifice that asset for any Foreigner Amo has been very clear about his stance on Mexican oil throughout his [Music] career but Trudeau insisted and insisted and insisted he would not back down but I've also said very clearly in Canadians know this of me that I will stand up for Canadian interests I will only sign a deal that is good for Canada and uh no NAFTA is better than a bad deal uh and we've made that very clear with the president right now in very intense negotiations I would say would be the word intense with Canada will we see how it works out if it doesn't work out that's going to be fine for the country for our country it won't be fine for Canada America doesn't need trade with the rest of the world nearly as much as the rest of the world needs America for trade how much does Canada need the us since day won we have needed them incontrovertibly uh and that's uncomfortable for many Canadians because we sort of have the junior partner sensation but the truth is that all of our infrastructure largely Points North South that all the various pockets of population around the country trade more with the Americans than they do with each other BC trades more heavily with Washington State than it does with Ontario Ontario certainly trades more with the Midwest than it does with the Atlantic or Pacific Coast most of Alberta and Saskatchewan's trade goes south as well so we pretty much desperately need them by a certain point the Canadian conservative party was starting to get very concerned that Trudeau's negotiation tactics would backfire we're seeing a relationship a key relationship with the US which we should be building on the good relationship that we have and again Trudeau has known certain we all understand that Trump can be who Trump is but the Prime Minister sure didn't help this situation well we have a very uh respectful and grateful relationship that we have with our us counter parts and we certainly wouldn't have gone in and started to lecture on things like gender rights in the environment the Canadian conservatives were right to worry as the Mexicans and Americans were growing exhausted with Trudeau's stubbornness after all they were working with the deadline they had to get the deal done before amlo took office the Mexicans and Americans decided to have conversations without any Canadians present there they asked themselves something that we've all wondered at some point is Canada really that important wouldn't it be easier to just negotiate a deal without Canada and that's exactly what Mexico and the US did and they were very Sly about it sure it would have been preferable to keep all Three Amigos intact but trau stubbornness put the entire deal at risk the Mexicans and Americans had no other choice it was time to send Canada packing and as both Mexicans and Americans have an appreciation for the dramatic arts they decided to break the news to Canada in a very exciting way instead of privately informing Canada that they were getting kicked out Mexico and the US decided to surprise Canada of their expulsion on stage at the end of press conference which led to this perfectly timed [Music] photo this was very bad news for Canada about 29% of Canada's GDP is based on exports to Mexico and the us being expelled from NAFTA would be much more than a mild inconvenience for Canadians but the Canadians did have an ace up their [Music] sleeve this is chrisa Freeland she speaks languages has degrees from both Harvard and Oxford and received prestigious awards for her books on Foreign Affairs if anyone could save Canada it would be Freeland and she had very little time to work with in a matter of a few Sleepless days Freeland was able to get Canada back into the trade agreement she severely reduced Trudeau's environmental mandates but as a cost for re-entry she had to open the Canadian dairy market to American farmers but that's a small price to pay to avoid an utter economic catastrophe with Freeland Brilliance Canada was saved and the Three Amigos remained intact of course the new Napa would have to be ratified by each country's legislature this would be an easy process for both Mexico and the United States since opposition parties were consulted during the negotiations there is no political drama as Canada has a Westminster style democracy the opposition party wasn't too involved in the negotiations the exclusion would not have an impact on the deal's ratification but it did lead to a drama filed week in Ottawa one of the good things about having a Drama teacher as prime minister is that it's very entertaining our prime minister has been acting like he's standing up to Donald Trump when in reality he's just backed down you know Mr Speaker there's a bit of a mystery here because last week I think the conservatives were urging us to capitulate they were urging us to do it well it's funny that they would choose to use the word capitulate because capitulate is precisely what they have done they cap they have capitulated on Pharmaceuticals allowing Trump to force higher drug costs on Canadian patients to boost American drug company profits the question is what did they get in return for all of this capitulation did they get an end to by America yes or no The Honorable Minister of Foreign Affairs as I said Mr Speaker the conservatives seem to have discovered a lot of Monday morning courage having Council screw out this negotiation well she can misrepresent our position all she wants I'm trying to find out the position of this government we know that theyve backed down to Donald Trump by capping future growth of Canadian Auto exports this deal is great for the car sector it is great for the car parts sector Mr Speaker it's funny the Liberals are trying to take credit for things we already had for 25 years cons you know they're trying to take credit for something that was negotiated under a previous conservative government we know what they sacrificed what they gave up in backing down to Donald Trump higher drug costs for Canadian consumers and higher profits for American companies we know they gave up a lot for Donald Trump but what about un softwood Lumber tariffs have killed jobs in the forestry industry in Canada for a long time have they finally put an end to Trump's tariffs on softwood Lumber yes or no honorable Minister of Foreign Affairs Mr Speaker let me tell you what we got for the softwood lumber industry it's something called chapter 19 mechanism is absolutely essential [Applause] and yeah that pretty much it all order H H despite the fireworks and political posturing Canada ratified the agreement each country has their own name for the new agreement but I'm just going to keep calling NAFTA for simplicity's sake with the new NAFTA finalized and ratified a celebration was in order Jared Kushner Trump's son-in-law and key adviser would be bestowed the Ordon deua as Teka this is the highest honor a foreign civilian can receive after amlo officially took the office of the presidency Trump invited him to the White House for their own celebration relationship between the United States and Mexico has never been closer than it is right now we're are cherish friends partners and neighbors our cooperation is founded on Mutual trust and mutual respect between the two of us and between our two countries and we honor the great Dignity of both Nations today we celebrate the historic Victory we achiev together just days ago when NAFTA was officially terminated and replaced with a brand new beautiful usmca this was quite the political feat Trump was elected on an anti-mexican campaign and AML was elected on an anti- us campaign yet the two nativists achieved a historical high point for us Mexican relations politics is the art of the possible Trudeau wasn't invited to the celebrations and freeland's dedication to Canada hasn't received enough praise she did more for her country in six days than most of us could do with six lifetimes for all of Trudeau's faults he does recognize Talent when he sees it Freeland would receive a series of much deserved promotions and at the time of the writing she is currently the Deputy Prime Minister of Canada she may very well be Canada's next prime minister as for the new NAFTA it really wasn't all that revolutionary from the original there were updates to intellectual property laws new rules for e-commerce and a $16 an hour minimum wage for all Auto Workers no matter which side of the Border they were working on but there is one detail in the trade agreement that went largely unreported on by the media at the time time it seemed to be not very newsworthy but this little detail put Mexico on the path to Greatness the United States is the world's largest consumer market and the modern American Shopper is quite different than just a decade ago in the past Americans only cared about two things when shopping price and quality but the majority of Americans have a new metric ethics 56% of Americans refuse to buy from companies that they consider unethical this figure is much higher amongst Millennials in gen Z hopefully Americans will expand this thinking to Beyond just companies and also consider where their products come from because when it comes to an ethical comparison between Mexico and the Chinese Communist Party there's no comparison at all the CCP routinely steals intellectual property Mexico has over 14,000 patent applications every year the CCP brutally oppresses religious mind minorities Mexico is building the train Maya which is expected to lift a million indigenous people out of poverty the CCP is building secret police stations across Europe Mexico entered a free trade agreement with the EU in the year 2000 the CCP is using Tik Tok to gather intelligence on the Youth of the world Mexico developed Sky alert the premier app for earthquake warnings the CCP is the world's largest polluter Mexico has over 8,000 square km of protected State par Parks all of which play a critical role in protecting the North American biosphere the CCP is responsible for over 55% of oceanic plastic pollution Mexico created the Riva hedo archipelago National Park a nearly 14,000 squ km Conservation Area designed for the purpose to protect migratory marine life the CCP sees Tibet and Hong Kong Mexico has an annexed any land since 1897 the CCP is increasingly threatening Taiwan Meo has no Imperial Ambitions whatsoever no matter which social justice issue is most important to you it doesn't matter Mexico is morally superior to the CCP in any category you can possibly imagine when Shoppers vote with their wallet they should vote for Mexico at every possible opportunity when you see a product with the prestigious made in Mexico seal you can buy with confidence that the product was in fact made in Mexico chapter 4 of the new NAFTA agreement significantly raised the rules of origin standards the days of making slight alterations to change a product's origin are over with the new NAFTA made in Mexico means made in Mexico but not all of us vote with our wallet if you care more about saving money than virtue purchasing Mexico is still the superior option to China while there are variances across Industries the Mexican Workforce is cheaper more productive and more talented than China labor rates in Mexico are about 3 95 per hour versus 450 an hour in China and the lower cost doesn't mean lower quality Mexico has been in the manufacturing sector for more than 60 years and this tradition has created multi-generational Talent as the Mexican economy grows so will wages but this won't cause Mexico to lose its Competitive Edge when Mexican wages become more expensive than China's Mexico will keep its cost competitive Advantage this is in large part due to their Northern neighbor Mexico gets about 76% of its natural gas from the United States and it's incredibly cheap all thanks to the Shell Oil Revolution depending on the year natural gas prices in China are about 50 to 170% more expensive than that of Mexico of course there's a tremendous shipping cost savings when buying from Mexico a 53t shipping container from China to Los Angeles would cost about $5,000 that same shipping container only cost $600 if coming from Tijana the close proximity also allows Mexican companies to offer far superior lead times when working with a Mexican supplier us and Canadian clients can expect a 1 to2 Day lead time working with a company in China can take in excess of 3 weeks Mexico has minimal geopolitical risk Trump may have started the trade war with China but boy oh boy has Biden escalated that war one of the few things that America's two political parties can agree on is D risking from China but even if the world wasn't moving away from China the Chinese have one major flaw that can't be easily fixed population collapse anytime a nation industrializes they can expect to see a decline in birth rates and the CCP decided to kick that into overdrive by implementing a one child policy reliable data about China is always a challenge but most sources would agree that China has had below replacement birth rates for around 30 years in April of 2023 India surpassed China as the most populous nation combin China's low birth rates with the ccp's tough immigration policy and the Chinese have a declining population on their hands the CCP has officially acknowledged that their population shrunk by nearly 850,000 people in 2022 if that's the official number provided by the Communist party it's fair to assume that actual numbers are much worse China's demographics are not good with an increasing L population and declining working age population China's dependency ratio should frighten investors and economists if current trends hold 25% of China's population will be over the age of 64 before the end of the decade and with China's low GDP per capita of about 12,500 USD the CCP is going to have a very difficult time supporting their senior population any company that remains in China is going to face a labor shortage and possibly High higher taxes and political unrest one way or another China's status as the world's Factory will not survive this decade demographics are not a problem for Mexico in fact Mexico has one of the healthiest demographies in the industrialized World Mexico will likely face population challenges around mid-century but that's not a concern at the moment for the next few decades Mexico is ripe for economic development while Mexico is well positioned to replace China they are already replacing another economic giant Germany Germany's demographics are a lot worse than China's and there's a good chance that the German population has already peaked Germany's industrial sophistication and might simply can't be maintained with this demography but I have good news for the Germans unlike China Germany got rich before they got old the German economy will have much more financial resources as it deals with population collapse additionally Germany's situation is very similar to Japan's they are both medium to ultra high-end manufacturing exporters that are dealing with the shrinking population and Japan's population crisis is much more advanced than that of Germany Germany can see what has or hasn't worked for Japan and adapt as needed but Germany's biggest strength is Mexico the German Mexican partnership goes way back when Volkswagen was looking to set up shop in the Western Hemisphere they chose pbla to be their new new home in 1967 they opened a new Factory that manufactured the iconic Beetle which took America by storm and the German Mexican partnership has grown ever since today there are nearly 2,000 German companies that have operations in Mexico some of Germany's most recognizable Brands already have operations in the Aztec Nation despite the terrible 2020s German investment in Mexico has expanded between a collapsing population and energy insecurity Germany needs to Offshore now not soon not in the next few years but right now German Executives and economists know this and that's why they're heavily investing in Mexico this isn't theoretical it's happening in front of our eyes in 2022 Mexico saw an increase of direct foreign investment of 25% in the month of October alone Mexico received $2 billion worth of new foreign investment and a lot of that cash is coming from Germany the question isn't will Mexico replace German manufacturing the real question is how long will it take to build the new factories and German companies aren't the only ones pumping money into Mexico Flex Americas Molex and Mazda all have multi-million dollar investment plans for Mexico all Global Supply Chain readjustments point to Mexico the US and Canada want to Nearshore their supply chains to get away from China but they don't have the demographics to build domestically the Northern Amigos won't be able to Nearshore without Mexico Germany and Northeast Asia don't have the population to maintain their manufacturing industry to save their economies they also need Mexico to put it bluntly the world needs Mexico and Mexico is just about to complete the ismos project which will operate as a second Panama Canal albeit with sophisticated ports and High-Speed Rail as opposed to a solid Waterway between the near Shina Manufacturing the tech sector of gual lahara and the mega project on the ismos Mexico was on the cusp of an economic explosion kind of of the many highly talented Mexican analysts that I sourced in researching this video I know exactly what they'd say I am overhyping Mexico's future a bit too much and that's very valid criticism Mexico's middle class is likely to grow and wages of all classes are likely to grow too but this growth won't happen overnight all the new factories being built in Mexico will take at least a few years to complete just as there is no get-rich quick schemes with personal finance the same applies to National economies most Mexicans watching this video will probably earn more money than their parents and the children being born in Mexico today will probably earn even more but this doesn't mean everyone gets a coastal Henda with a yacht instead more Mexicans will be able to enter the middle class us and enjoy comfortable Lifestyles will Mexico be considered a first world country in the very near future I think that's highly likely [Music]