Nafta proving a boon for Mexico

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Eight years ago, Ross Perot attempted to scare a vote from Americans by talking about "the great suc...

Eight years ago, Ross Perot attempted to scare a vote from Americans by talking about "the great sucking sound" of jobs moving south to Mexico. The Mexican economy is visibly transformed as a result of inward investment. While there, I realised the extent to which Perot has been proved right. Despite the strength of the peso, there is talk of labour shortages in Northern Mexico and the export figures continue to surprise the generally gloomy pundits. On past form Mexico should be experiencing a currency crisis but is refusing to play ball. Perot was right about how good Nafta would be fo...

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