These are the 4 best cities to work in Mexico

14/11/2020

Monterrey, Chihuahua, Monclova, and Nogales, four cities located in the northern border states, are the best cities to work in, according to the Urban Competitiveness Index elaborated by the Mexican Institute of Competitiveness (IMCO).

Meanwhile, the study determined that the best cities to invest in are Hermosillo and Guaymas, in the north, as well as Merida and Ciudad del Carmen, in the southeast.

The index revealed this Wednesday the inequality that exists between the cities in the north and south of Mexico, where the Valley of Mexico and Monterrey are the only cities evaluated at a high level.

The IMCO studied the competitiveness of 73 Mexican cities, which generate 87% of the GDP, host 64% of the population, and concentrate 89% of the investment.

The northern part of the country has, in general terms, the best economic characteristics. On average, the cities in this region have the highest credit to companies, the greatest number of sectors, in other words, the greatest diversity in the makeup of their economies.

The Urban Competitiveness Index found that among the cities with more than 1 million inhabitants, the most competitive are the metropolitan area of the country's capital, the Valley of Mexico and Monterrey, the largest city in the north of the country and capital of Nuevo Leon.

Among the cities with between 500,000 and 1 million inhabitants, the four most competitive are Saltillo, Durango, Mazatlan, and Hermosillo, all in northern Mexico.

Of the cities with more than 250,000 and less than 500,000 inhabitants, the three most competitive are Piedras Negras, Guaymas, and Nogales, all on the border with the United States.

It is not surprising that the economic characteristics of the south-southeast of the country, in comparative terms with the rest of the country, are the lowest. The south-southeast has a huge lag, in general terms. IMCO warned that insecurity and violence are greater in the center of the country.

In particular, on average, the cities in this region have the highest rate of vehicle theft and homicides, the lowest perception of security, and a very high incidence of crime, which are areas to work on. To improve the conditions of the cities, IMCO proposed 10 actions.

Among them are strengthening crime investigation units, harnessing the energy of landfills, generating incentives for women to continue studying, limiting public spending on social communication, and diversifying municipal revenues.

It also called for improving connectivity to electricity, natural gas, and telecommunications networks, making public debt transparent, conditioning federal support to cities with urban development programs, creating local economic promotion agencies, and redirecting public investment.

By Mexcanist, Source IMCO