Originally Posted by kedawa
Mexico can't very well just copy what Japan and Taiwan are doing and make it work, though.
Of course how things are managed makes a difference, but the wealth and resources that a nation already has is the most important factor in determining where it will be in the future.
There are plenty of countries that have next to nothing going for them aside from natural resources, and yet they're some of the richest nations on earth.
Mexico only has two things in its favor, cheap labor and cheap tourism, and both of those things would disappear if they had a standard of living approaching that of the u.s.