Following the now-official proposal to build a wall along the U.S.-Mexico border — and to force Mexico to pay for it — Foreign Policy reminds us not to undervalue our relationship with our southern neighbor.
Among other considerations, Mexico’s economy is the 11th or 15th largest in the world, depending on the metric. It is our third largest trading partner, accounting for 6 million U.S. jobs and $1.5 billion worth of commerce daily, and anywhere between 2-4 percent of U.S. GDP. More American citizens live in Mexico than anywhere else in the world, and it is the most popular tourist destination.
To save some time, I’ll also reiterate my own post from 2015 about Mexico’s probable was a major economic power in its own right:
Mexico is actually doing far better than most people realize, despite its many pressing social and political problems. Following the recession, the Mexican economy has grown twice as fast as America’s, and was among the fastest growing in the world in some years (albeit from a much lower base) … [It] is predicted by groups like Goldman Sachs and the World Bank to become the fifth to seventh largest economy by 2050 – around the level that France, Germany, and the U.K. are at today.
A few analysts have gone even further by suggesting that Mexico could become an influential global power in its own right. This is not as far fetched as it may initially sound: in many areas, such as infrastructure and business climate, the country is at least comparable, if superior, to Brazil, China, India, Russia, and other identified emerging powers; it has even earned coveted classification as one of several economic powerhouses to look out for — see the MINT group or the Next Eleven.
These accolades are well deserved. Since the mid-1990s, the majority of Mexicans have joined a rapidly growing middle-class, warranting the county’s official classification as a newly industrialized nation (NIC), a distinction only a handful of developing countries have achieved. Mexico’s average life expectancy and poverty rate is comparable to the U.S. (thanks in part to its universal healthcare system), while one-third of Mexican states have a violent crime rate equal to or even less than that of many U.S. states.
Mexico does of course have its problems, and its power dynamic with the U.S. makes it by far the junior partner in this bilateral relationship. But contrary to popular perception (at least among Americans) Mexico is far from a failed state. In spite of all its struggles, it has managed to become one of the world’s most robust economies, and has the potential to be a significant player in international affairs.
While the U.S. can still do a lot of damage to the country (far more than the other way around, to be sure) it is still insensible — not to mention immoral — to disrupt our relations with one of only two neighbors, a country whose interests and people are deeply intertwined with our own. As it is, the proposed 20 percent tax on Mexican imports to fund the border wall (since Mexico stands firmly opposed to funding it) will only end up transferring the costs onto American consumers — to the tune of $15 billion.