Mexico's Post Election Economy Topic of Offshore Group Podcast

Noted economist discusses Mexico's economic future, and the growth of its middle class

Jul 26, 2012, 06:18 ET from The Offshore Group

TUCSON, Ariz., July 26, 2012 /PRNewswire/ -- Dr. Luis de la Calle, recently sat down with The Offshore Group to discuss the current state of Mexico's economy, as well as changes and reforms that may result from the election of Enrique Pena Nieto to country's presidency earlier this month. Pena Nieto is the first candidate from the Mexico's Institutional Revolutionary Party (PRI) to hold the post since Ernesto Zedillo left the office in 2000.

During the session, Dr. de la Calle cites the possibility of reform, going forward, in three critical areas:

- Increased private sector investment in the Mexico's energy sector

- Expanded mechanisms that enable state and local governments to independently fund improved services

- Improved educational systems and methodologies that prepare Mexican students for the transition from low to high value economic activities

According to de la Calle, "Mexico may be in a better position to tackle these reforms today than it has been in the past. Mexico needs changes that will allow the country to grow, and to have a larger middle class; whereas, conversely, other countries presently need adjustments that would be in detrimental, in a short term, to the middle class."

Dr. Luis de la Calle is a managing director and partner of de la Calle, Madrazo, Mancerra (CMM); a consulting firm that specializes in economy, regulatory processes and matters related to international trade. He also serves as the president in Latin America of Hill+Knowlton Strategies. Additionally, he has served as undersecretary of international business negotiations at Mexico's Ministry of Economics, and headed many bi-lateral trade agreement negotiations, as well as multilateral negotiations with the WTO. Dr. de la Calle participated actively in the design, promotion, and implementation of the North American Free Trade Agreement, NAFTA.

The Offshore Group is the largest provider of outsourced business support, "shelter" services in Mexico. Currently 61 businesses operate at The Offshore Group's three Mexico manufacturing industrial parks in the State of Sonora, the city of Saltillo, Coahuila, and at the Group's Vangtel affiliate in Hermosillo, Sonora. Vangtel offers Mexico shelter services to companies that occupy the call center, IT development and BPO markets, while the International Logistic Solutions Company (ILS) is a leading provider of supply chain services. The Offshore Group has recently initiated operations in Mexico's second largest city, Guadalajara. Sign up to receive The Offshore Group RSS Feeds.

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SOURCE The Offshore Group



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