The deep social instability is perceived as the greatest risk to doing business in Mexico, followed by a failure in governance and illicit trade, revealed the World Economic Forum (WEF), in its report 'Regional Risks to Do Business'.
The top 5 risks for businesses in Mexico
In the report, in which the WEF gives a regional perspective on the perception of risks, according to 12 thousand executives and decision-makers consulted from 140 countries, it is worth noting that while at the global level the number one risk is unemployment or underemployment, in North America they are cyberattacks and in Latin America it is the failure of national governance.
However, there are differences among Latin American countries. In Mexico, the greatest risk, in addition to social instability, lack of governance, and illicit trade, is due to the water crisis and unemployment or underemployment. In Argentina and Chile, the main risks were fiscal crises and natural disasters, respectively.
"The failure of national governance ranked number one in Latin America and South Asia, highlighting the costs of the political tensions that have been evident in much of the world in recent years," the WEF said.
The risk of cyber attacks ranked fifth in the global level in this year's report, but in 2017 it ranked eighth.
It was the main risk in three of the eight regions considered in the study: Europe, East Asia and the Pacific and North America. The 2017 report was the highest risk in two regions and only one region in 2016. In addition, it was the highest risk in the United States and Canada.
"Cyber attacks are increasing in importance, but it is surprising the number of business leaders who point to unemployment and national governance as the most pressing risks to doing business in their countries," said Aengus Collins, Chief of Global organism.