When talking about Mexico it’s quite common to refer to its great economic potential. However, such potential has not yet materialized. Growth during the past eight years has been disappointing, averaging about 2.2% — barely half the rate for Latin America and the Caribbean.
This growth is sustained in large part by industrial exports, nearly 80 percent of which are bound for the United States, mainly in the form of auto and electronic parts, crude oil production, tourism and remittances.