According to NASDAQ.com, Mexico may become the new CHINA for the following reasons:
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- Cost of Mexican workers is now less than cost of Chinese workers
- Mexico's proximity to the US makes shipping faster
- Duty-free goods due to NAFTA
- Mexican median population is generally younger
As a result, many US manufactures are now shifting production to Mexico from China. Last year, Mexico's manufactured exports were more than the rest of Latin America combined.
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