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The city where Mexico’s nearshoring hype is becoming reality

Unresolved national structural problems — such as corruption and the lack of competition in the economy — cause some observers, like Jason Tuvey, emerging markets economist at Capital Economics, to doubt that the external forces will be transformative for Mexico. “We’ve had [trade agreements with the US and Canada] for 30 years nearly, and productivity and wider GDP growth in Mexico has been pretty weak,” he said.

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