Word: mexicans
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...southwest side that has a growing second- and third-generation Latino population; “Dover,” a Polish neighborhood that now has a significant blue-collar Latino population; “Archer Park,” a longtime bastion of Latinos, home to many recent Mexican arrivals; and “Groveland,” a South Side neighborhood of middle class black residents and a seat of historic black culture. While Wilson and Taub rarely extrapolate a conclusion for the nation or offer a normative judgment, they have chosen their neighborhoods carefully enough that their observations...
...consequence, the maquila operations along the border have bled 800,000 jobs in recent years. Infrastructure investment has dropped off so much in Mexico that for relatively light goods, it is just as cheap for the U.S. to import from China as from southern Mexico. And although a Mexican wage earner is paid three times as much as his Chinese counterpart, high domestic prices undercut, and nearly level out, his purchasing power. (Conversely, high domestic prices also push up those wages, further undermining Mexican firms' competitiveness.) "For Latin America, China is an incredible opportunity as a driver of commodity prices...
...league, like Vitro, which manufactures glass. Another is Cemex, the cement behemoth, with $15.3 billion in sales last year--the world's largest producer of ready-mix concrete. It recently made a $12.8 billion bid for Rinker Group of Australia that would be the largest acquisition ever by a Mexican firm and would strengthen Cemex's already leading position in the U.S. market. Such success puts the city on a trajectory pulling further and further ahead of much of the rest of the country. Mexican states in the north are growing twice as fast as those in the south...
...creative spark. "We need to change the paradigm of people's thinking," says Antonio Dieck, Tech's business school (EGADE) dean. But for all of Monterrey's impressive start, not all the necessary pieces are yet in place. The venture-capital industry is in its infancy, there is no Mexican NASDAQ (although a draft bill to create one recently surfaced), and minority-shareholder rights need to be strengthened. More important, the Mexican business culture does not carry much appetite for risk in its DNA or an appreciation for failure. As a result, at least for the time being, a government...
...people say that Mexico is just next door, but it seems to be thousands of miles away economically, while China is thousands of miles away, but it seems to be just next door economically. Why is the Mexican economy so far behind...