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Mexico 2050: The World´s Fifth Largest Economy

17 March 2010 12 Comments

According to multiple projections of international agencies, surprisingly enough, in 2050 Mexico will be the fifth largest economy in the world.

Mexican economist Macario Schettino, and several studies from firms like Goldman Sachs and PriceWaterhouseCoopers have mentioned this before, suggesting that Mexico’s next destination is situated in a place of great importance worldwide.

In this new scenario, it is expected that some economies that are in the top places, such as the cases of England, France, Italy and Spain, to mention a few, will disappear from the list of the most powerful economies. This is due to change in the population pyramids of these countries, as they are having a very significant population decline.

Mexico, according to these projections, will be the world’s fifth largest economy. In the new scenario new faces as Brazil, India, and Indonesia will appear, with economies growing at astonishing rates, due to both the population increases in these countries and economic advances that have been shown in recent years.

If there are so many studies indicating otherwise, why does it seem that Mexico is always at the bottom of the list? Could it be that it is all about perception? As we’ve discussed before, there is a hidden context for Mexico.

This is Mexico’s destiny, even though we sometimes try to diminish Mexico’s role in the world because of immigration, violence, and many other problems that often arise when we talk about our neighbor. Imagine what could be possible for the United States and Mexico if everyone joins in contributing to the success and growth of the country instead of focusing on its problems.

What could be possible for a “North American block” if we play for Mexico knowing that it is destined to be the fifth economy in the world? How would your life and contributions be like if you live Mexico from this place in the world’s economy? Would it make sense to relate with Mexico’s greatness?

12 Comments »

  • angel said:

    Mexico is not on the bottom of the list its 11th biggest economy right behind Italy :) btw its not that bad in Mexico been living 2years its great ps happy American living in Mexico :)

  • Andromaco said:

    Take a look to the human Development Index of the United Nations and you will see that Mexico is way better than China, India, Brazil and Russia… plus it has a large population that is growing economically more than the developed world… for that simply reason is OBVIOUS Mexico will be a power to considerate in 2050.

  • Atlantean said:

    Mexico is underrated mostly because of the bad propaganda that americans have made of the country world wide plus sectors in Mexico, mainly from the left which find convenient for their interest that Mexico stays poor and underdeveloped. But Mexico is one of the largest economies in the world since a time and has far better standards of living that India, Thailand, Turkey, Russia, China, Brazil, the whole Africa and the middle east. Is just a matter of perception and a bad propaganda.

  • Alberto said:

    Mexico will surpass italy in GDP in 3 years, it is already larger than Spain and Canada. Income has grown significantly within it´s population, immigration to the U.S. is one fifth of what it used to be only 8 years ago. So it is all about perception, it has the 2nd largest trade surplus with the U.S. after china, So we can do the math. It will be looked at differently in less than ten years when it´s economy surpasses england and france. Young population is another factor, most developed nations are aging. Viva Mexico!

  • cesar said:

    i don’t think that is going to be the case at all.

  • Valentinoti said:

    I’m mexican and I have been in the US as a tourist. As a mexican, some americans that didn’t know me have called me “brown-wall jumper”, this kind of stereotypes are bad for the relation between our countries. I’m not an “illegal”, my family has a business of chemical products and a lot of the people that i know has one business too. Mexico is investing a lot in an entrepreneurial education for everyone, in commerce policys and of course in reducing the violence in some parts of the country. I think that we will be better, we will get over with all our problems, we will continue growing as we had in the last years, in order to become a greater economy and to help other countries, and of course to help our neighbor the USA. We (mexicans) are north americans just as USA citizens and canadians, so we must work together to improve our lives. Greetings from a young man here in Mexico.

  • JUAN said:

    LA VERDAD ES QUE NO SE PONE EN ENTRE DICHO LO QUE SERA MEXICO EN EL FUTURO YA QUE LO TIENE TODO DESDE UN VASTO TERRITORIO COMO RIQUEZAS NATURALES POBLACION Y SU POSICION GEOGRAFICA MAS QUE ESTRATEGICA, EL RETO ESTA EN LA CASE POLITICA QUE NADAMAS PIENSA EN ELLOS MISMOS Y SU GENTE QUE DEBE DE PELEAR POR DEJAR VIEJAS PRACTICAS DE CORRUPCION Y PODER ENFRENTAR SU NUEVO PAPAEL EN EL MUNDO Y PODER CONTRIBUIR EN EL DESARROLLO DE LAS NACIONES MAS POBRES DEL MUNDO Y PONERSE MUY EN CONTRA DE GASTOS INNECESARIOR COMO SON LA VENTA DE ARMAS QUE SOLO CAUSAN MAS POBREZA Y MUERTE Y ESE DENERO USARLO EN EDUCACION TRABAJO Y MEDIO AMBIENTE SALUDOS AL MUNDO DESDE MEXICO

  • Jaws7 said:

    First, I am surprised because we are only shown the poverty
    in Mexico by our news outlets, and the illegal immigration.
    But,I have been to Mexico, and I have relatives and friends
    living in the more prosperous areas. I can see why Mexico would become an economic power.

    It benefits from being next door to the US, and Canada and its
    neighbors to the south are friendly. So there is no need to
    drag your economy down by supporting a large armed force, or
    arms industry. It has oil, natural resources and invests in education, and its people are industrious and hard working.

    Despite what we read in the newspapers about the drug traffic,
    it must be a safe place or you would not see a lot of American
    citizens vacationing and retiring in Mexico.

  • jose guadalupe moreno said:

    yo creo que si es posible!!! porque Mexico tiene mucha riqueza, lo que pasa que la corrupcion es muy alta pero eso tiene que cambiar, porque DIOS dice que asi sera y yo le creo a Dios….

  • Jorge M said:

    Its all about perception and what the media tries to perceive Mexico as this Afghanistan ridden place with death and violence everywhere
    I know when the older generation ceases to exist, older views about Mexico will cease to exist and become one of the better countries to visit.

  • tama alva said:

       
      If the new PRI accomplishes ,what IT promised it should be.

  • gregorio said:

    crecer en mexico fue una experiencia unica rodeado de gente con talento natural, recuerdo que diferentes culturas gradualmente se convertian en una nacion con desigualdades resultado de una colonisacion,pero eso es historia el presente lleno de fallas que an cambiado gradualmente con educacion an creado las bases para lo que sera una nacion con un potencial increible una economia que sera la inspiracion para las naciones latinoamericanas en todos las areas politicas,economicas y de conciencia humana un futuro de igualdad el futuro de la humanidad depende de una interaccion mas balanceada entre nosotros demos lo mejor para que otros vivan mejor

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