As the world’s most populous Spanish speaking country, Mexico is well positioned to be a startup power. Since the signing of the NAFTA in 1994, Mexico’s real GDP skyrocketed has risen to $1.3 trillion , placing the country second in Latin America and 15th in the world in terms of GDP.
However, historically Mexico’s economy has been more reliant on its manufacturing industry and on its relationship with its northern neighbor, with the United States accounting for as much as 80% of Mexico’s trade in 2000.
While startup innovation has traditionally been focused . . .
