Despite economic challenges, Mexico has opportunities to benefit from nearshoring in the coming year, even with Donald Trump's government in the United States, as mentioned by James A. Robinson, 2024 Nobel Prize in Economics and political scientist at the University of Chicago.
During the Amafore 2024 Meeting, the Nobel Prize winner highlighted that the reconfiguration of production chains, resulting from changes in international trade, represents an opportunity that the country can benefit from. Robinson stated: “For many parts of the world, there will be negative economic effects, economic growth will slow down a bit, but Mexico is in a position to benefit from this reconfiguration of trade.”
During his participation in the Amafore 2024 Meeting, James A. Robinson mentioned that "much of the production will return to Mexico and the United States" as part of deglobalization. Deglobalization is characterized by a reduction in export growth, offset by an increase in domestic consumption. In this context, Robinson pointed out that Mexico could benefit from this phenomenon with nearshoring and "friendshoring" at a time of antagonism between Russia and China.
The economist emphasized that, despite the unfavorable outlook for many countries, Mexico could become a key space for investment and production, given the conflictual situation in other regions of the world. However, he mentioned challenges such as climate change, corruption, and institutional development that must be addressed to favor economic growth.
James A. Robinson, Nobel Prize winner along with economists Daron Acemoglu and Simon Johnson, is recognized for his work analyzing the economic failure of several countries, including Mexico. In the book "Why Nations Fail?", the economists point out that the country's economic growth is affected by corruption and nepotism, which benefits an exclusive group of businessmen, citing the example of Carlos Slim, the richest man in Mexico and Latin America.
