Feb 26, 2013

Mexico Reverses Foreign Investment Flows

The New York Times 
February 25, 2013

MEXICO CITY (AP) — After decades of depending on inflows of foreign capital to develop its economy, Mexico turned a corner and become a net exporter of direct investment capital in 2012, according to a report released Monday.

Mexico's central bank said that Mexican corporations invested about $25.6 billion last year in buying up foreign plants and companies, more than twice the $12.6 foreigners invested directly in Mexican firms. An official confirmed that was the first time in recent memory that outflows exceeded inflows.

For a country that still has one foot planted firmly in the developing world, that news worried some analysts and delighted others.  Read more.

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