Nearshore Americas

New White Paper: Mexico’s Next Frontier Goes in a Creative Direction

A newly published White Paper from Nearshore Americas explores the thriving creative economy that is gathering strength in Mexico. To the surprise of many, Mexico is the world’s 18th biggest exporter of creative goods, with creative exports growing at a healthy 9.1% between 2003 and 2008 to reach US$5.2 billion. The White Paper sheds light on Mexico’s growing capabilities compared with India and China for a larger slice of the creative goods market and explains what the government is doing to drive further growth. According to the Paper, Mexican federal government offers tax breaks, gives technical training and has recently set up a fund to aid the creative industry.

Also in place is a committee to frame policies that benefit the flurry of start-ups in areas of audiovisual design and production. Creative industries accounted for 2% to 8% of global employment in 2010. The  industry is set for a huge growth in Mexico and should create thousands of jobs in the years ahead. The 19th World Congress on Information Technology (WCIT 2014), dubbed the “Olympics of the ICT World,” is scheduled to be held in Guadalajara in May 2014, the first time the event will take place in a Latin American country. Here in Guadalajara, Mexican government wants to build a Digital Creative City, such as those you can find in the US, Canada, France and Ireland, the White Paper notes, adding that Mexico is one of the 15 biggest videogame consumers in the world, with US$664 million in sales in 2012.

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Narayan Ammachchi

News Editor for Nearshore Americas, Narayan Ammachchi is a career journalist with a decade of experience in politics and international business. He works out of his base in the Indian Silicon City of Bangalore.

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