By Adina Moloman
This year Mexico ranks number 48 out of 185 world economies, improving 6 positions in the last two years according the recently was released annual “Doing Business Report for 2013” by the World Bank.
The analysis is based on a series of variables that defines the “easiness” of doing business such as: starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting investors, paying taxes, trading across borders, enforcing contracts, and resolving insolvency.
The improvements in Mexico in comparison to last year results has to do with a positive change in ranking for the first three variables: starting a business (improving 38 positions comparing to last year results), dealing with construction permits (improving 3 positions comparing to last year result), getting electricity (improving 22 positions comparing to 2012 results).
The most impressive change in rank is for “starting a business”, in 2012 Mexico was ranked 74, this year is ranked 36 out of 185 world economies which is do to a positive change in reducing the number of times a company pays taxes from 6 times in 2012 from over 27 times in 2011, to the elimination of the minimum $5,000 USD required to start a business and thanks in part to the constant lobby activities of Mexico Shelter Companies facilitating Manufacturing in Mexico.
According to this report Mexico is surpassing all the BRICS countries including China (91), Brazil (130), and India (132).
So far in 2013 Mexico has attracted billions of dollars of new investment from foreign companies, especially from US multinational companies for instance GM, Ford, and Chrysler invested billions of dollars in recent years. A lot of Mexican Corporations such as FEMSA, BIMBO, and Cemex had expanded their business in the U.S. and elsewhere in Latin America. This positive result also is showing that Mexico is going through an economic, political, and social transformation led by a rising middle class.