Can Mexico Power Its Way to Prosperity with Sun, Oil, and Dollars?
Mexico's potential for nearshoring is significant, but it hinges on energy autonomy. The country must balance renewable and non-renewable energy sources to meet growing demand and attract foreign investment.
Mexico's geographical position, its proximity to the United States, the existence of the T-MEC and macroeconomic stability in this post-pandemic time due to COVID-19, have made the Mexican nation attractive for nearshoring, but to achieve stability it is necessary to guarantee greater energy autonomy (with renewable and non-renewable), according to the researcher of the Institute of Economic Research (IIEc) of the UNAM, Ernesto Bravo Benítez.
The doctor in Economics from the National University recalled that the international economic scenario has become more complex due to the problems related to the supply crisis and its inflationary consequences, as well as the geopolitical tensions derived from the conflicts taking place in the Middle East, Central Europe, and Southeast Asia.