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April 13, 2012

Mexico Steps Out of Brazil's Shadow

John Paul Rathbone, Financial Times

AP Photo
I once asked Carlos Slim why Mexicans were so down about their country and Brazilians so euphoric about theirs. The world’s richest man, whose biggest investments span both countries, replied: “It’s simple. They are Brazilians. We are Mexicans.”

It was a perceptive comment. Many Mexicans feel depressed about their country, and the world has shared their gloom. Meanwhile, the confidence of Brazil’s boom – on show during President Dilma Rousseff’s visit to Washington this week – has gripped the popular imagination.

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TAGGED: Mexico, Brazil

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