When we talk about Foreign Direct Investment (FDI)New things always come to mind investmentsa flow of resources that comes from world toward Mexico with the aim of opening new companiesimprove the quality of jobsraise the competitivenessstrengthen our currency and economy and in general terms that is how it is.
But what we rarely think about is how the FDITherefore, today we are going to talk a little about that.
20,312.7 arrived in our country millions of dollars of FDI in the first quarter of 2024 and that means 14% less than in the same quarter last year.
But the interesting thing about these 20,312.7 million dollars is that only 3% corresponds to new investmentsthat is, only 599 millions of dollars They are resources that are arriving in our country. That is the sad reality of investment attraction of Mexico.
He 96.6% of FDI are reinvestment of utilitiesthat is to say, They are not new investmentsbut it is the same money as transnational companies They are winning in the country and they are doing it again reinvest. While 0.4% are transfers between company accounts.
By country of origin. 80% of the total population comes from just 5 countries. FDI and as you imagine, first of all, there is our main business partner, USAwhere 52.3% of the total comes from.
This means that, of the almost 200 countries of the worldmore than half of FDI comes from just one country, followed by Germany (8.6%), Canada (8.4%), Japan (7%) and Argentina (4.1%).
By economic sector. The countryside is not at all attractive for FDI, since only 1.3% is invested in agricultural and fishing activities, while 41.9% is directed towards manufacturing industries, mining 11.7%, construction and electricity 1.3% and services 43.9%.
By federal entity. 59.3% of total FDI is directed to Mexico City, followed by Nuevo León (6.6%), Baja California (5.3%), Veracruz and Chihuahua (3.4%, each), that means that these 5 states concentrate 8 of every 10 dollars of FDI that arrives in our country.
In contrast, only 2% of total FDI is directed to the 5 poorest states in the country (Chiapas, Guerrero, Oaxaca, Puebla and Tlaxcala). Therefore, since there are no new companies and jobs, the population of those states is condemned to remain as a quota of “political clientelism” of the Party in Power, since as I have stated a thousand times “giving money away is not a Public Policy”, “the best Public Policy is to create well-paying jobs”.
In the case of Sinaloa there is good news. 141.8 million dollars of FDI landed in the first quarter of 2024, which places us in 14th place in the national ranking.
So, in sum, so far in the state administration, 1,453 million dollars of FDI have arrived, this is 9% more than in the six-year term of Quirino Ordaz Coppel and 44% more than with Mario López Valdez.
In conclusion, this is the highest Foreign Direct Investment figure in the history of Sinaloa and that is possible thanks to the geographical, economic and social benefits of our state, driven by the vision of the Secretary of Economy, Javier Gaxiola Coppel.
We are 762 km away. of the largest economy in the world, we have the largest hydro-agricultural infrastructure in the country, we are a national leader in food, we have 3 international airports, 2 deep sea ports, 1,200 km of railways and 17,000 km of roads.
Therefore, I ask you, dear reader: do you think it is better to work for a foreign company or for a Mexican one?
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