U.S. businesspeople have more and more reasons for doing business in Mexico. To be successful, however, they need to keep in mind cultural differences between the two countries.
Mexico may get a lot of attention in U.S. media for its escalating drug violence, but its economy is also booming, said Shannon K. O'Neil, a Mexico expert at the Council on Foreign Relations.
High oil prices have helped. So we have a huge boom in manufacturing along the border tied to U.S. companies and to U.S. consumers, said O'Neil.
U.S. companies think about becoming increasingly globally competitive; you have to create global supply chains and we've done that increasingly with Mexico, she said.
Mexico, moreover, is also a growing consumer market for U.S. exporters.
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