All of us who are Mexicans in one form or another have experienced sad consequences of worldwide financial crises. How will the country fare this time? I have spoken with many contacts both inside Mexico and out, who crunch these numbers for a living, and you may be surprised at the good news.
Decade of good policies. The consensus is that Mexico's economic policies over the past decade have been quite solid through different administrations and political parties. My own personal experiences tell me that repeated crises from the 70's through the 90's taught the policy makers some hard lessons which they internalized. I would be surprised if this crisis turns out to be excessively severe.
Home market. I also hear Mexican policy makers have tried to increase the importance of the internal market to make companies less exposed to the problems of their northern neighbor. This may seem counterintuitive (look at Chile's export driven success) but it makes sense, if you think about it. Mexico has a tremendous tendency to be overly linked to the U.S. for obvious reasons, so kudos to the policy leaders for trying to reduce this.
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