Is Mexico the New China?

With uncertainty in oil prices and rising labor costs in Asia, Mexico is luring manufacturing jobs away from China. US companies seek manufacturers close to US markets, an attempt to curb transport costs. Chinese workers also demand protections and higher wages. An emphasis on public and worker education also attracts jobs: Mexico has emphasized worker education, which complements value-added industries like electronics, pharmaceuticals and biotechnology. Education, quality assurance, energy independence and reliability remain critical for a sustainable manufacturing base. – YaleGlobal