AlixPartners provides an interesting fact concerning Mexico.
As Keith Fitz-Gerald, chief investment strategist for Money Morning and The Money Map Report, notes:
According to corporate consultant AlixParnters, Mexico has leapfrogged China to be ranked as the cheapest country in the world for companies looking to manufacture products for the U.S. market. India is now No. 2, followed by China and then Brazil.
In fact, Mexico [has such big] cost advantages and has become so cheap that even Chinese companies are moving there to capitalize on the trade advantages that come from geographic proximity.