Foreign Policy Blogs

Crime takes a heavy toll on Mexico's economy

Last week Mexico's finance minister, Augustin Carstens, estimated the damage of crime on the country's economy to be so bad that it reduces GDP growth by 1% annually.  This high cost comes from lost investment in Mexico and businesses spending 10% more on average to provide for increased security.

Crime takes a heavy toll on Mexico's economy

 

Author

Michael Coe

Mike is pursuing his MA in Latin American Studies at Georgetown University's School of Foreign Service in Washington, DC. Prior to his graduate studies, Mike completed his BA in International Affairs from the University of Colorado at Boulder. He has traveled throughout Latin America, and researched NAFTA's effects on Mexican agriculture and migration. When not reading the news Mike enjoys travelling, skiing, mountain biking, and drinking yerba maté.