One thing is clear – Mexico is not the war-torn wasteland it is often made out to be. Its people have a glorious history, and a hopeful future. This isn’t to say that Mexico is destined to be the next investment hotspot – that’s far too simplistic a way of looking at this. Instead, the numbers suggest the truth is somewhere in between. Mexico has enormous capacity to surprise on the economic stage. But to really shine, it needs to work on developing a vibrant – and bigger – middle class.Fareed’s book The Post-American World (Release 2.0) just came out today. You can get it on your eReader, as an audiobook, in paperback and in hardcover. We’ll also be giving away free copies of the book to Fareed’s Twitter followers (so sign up!). Here’s the description of the book from Fareed’s publisher:
In his 2008 international bestseller The Post-American World, Fareed Zakaria wrote, “The future is already here.” If there were any doubts as to the veracity of that claim, the whirlwind events of the last three years have settled them.Even Zakaria’s most forward-looking projections haven’t been able to keep pace with the acceleration of the “rise of the rest,” the indelible phrase he coined in 2008 to describe the economic and political ascendance of emerging powers such as Brazil, China, and India.Furthermore, the financial crisis of 2008, instead of slowing or reversing this shift as one might expect, actually narrowed the gap between the West and the rest. While the United States and other wealthy economies have floundered through a prolonged period of slow growth, high unemployment, and crippling debt, the countries that constitute “the rest” have rebounded quickly.
India’s annual growth rate dropped to 5.7 percent in 2009, but jumped back up to 9.7 percent in 2010. China’s GDP growth has held steady at 9 percent or higher since the financial meltdown.As a result, Zakaria points out, our world already appears post-American in many ways.”The tallest building in the world is now in Dubai. The world’s richest man is Mexican, and its largest publicly traded corporation is Chinese. The world’s biggest plane is built in Russia and Ukraine, its leading refinery is in India, and its largest factories are all in China….The biggest movie industry, in terms of both movies made and tickets sold, is Bollywood, not Hollywood. Even shopping, America’s greatest sporting activity, has gone global. Of the top ten malls in the world, only one is in the United States; the world’s biggest is in Dongguan, China.”Coupled with such rapid economic growth is a surging sense of nationalism from emerging powers, along with a determination to shape their own future. The revolutions and protests sweeping through Iran, Egypt, Libya, Yemen, Tunisia, Bahrain, Iraq and other countries in the Middle East, taking place without overt American intervention, are only the most recent examples of this phenomenon.