Editing Economy of Mexico (section)

==== Engineering and design ====
The success and rapid growth of the Mexican electronics sector are driven primarily by the relatively low cost of manufacturing and design in Mexico, its strategic position as a major consumer electronics market coupled with its proximity to both the large North American and South American markets, whom Mexico shares free trade agreements with; government support in the form of low business taxes, simplified access to loans and capital for both foreign multinational and domestic startup tech-based firms; and a very large pool of highly skilled, educated labor across all sectors of the tech industry. For example, German multinational engineering and electronics conglomerate [[Siemens Mexico|Siemens]] has a significant Mexican base, which also serves as its business and strategy hub for [[Central America]]n countries and the [[Caribbean]] region.<ref>{{cite web |url=https://www.industryweek.com/leadership/strategic-planning-execution/article/21957698/mexico-works-for-siemens-division-chief |title=Mexico Works for Siemens Division Chief |work=IndustryWeek |date=July 11, 2012 |access-date=November 1, 2013 |archive-date=July 7, 2019 |archive-url=https://web.archive.org/web/20190707140605/https://www.industryweek.com/strategic-planning-amp-execution/mexico-works-siemens-division-chief |url-status=live }}</ref>

[[File:ITESM Ciudad de México Set Dominguez.jpg|thumb|200px|The [[Monterrey Institute of Technology and Higher Education]] is one of Mexico's most prestigious technology and engineering universities and is ranked one of the leading engineering institutions in Latin America.<ref>{{cite news |title=Recruiters' Scorecard  |url= https://www.wsj.com/public/resources/documents/MB_06_Scoreboard.pdf | work=The Wall Street Journal}}</ref>]]

There are almost half a million (451,000) students enrolled in electronics engineering programs<ref>{{cite web|url=http://www.businessweek.com/magazine/content/06_21/b3985070.htm |title=Mexico: Pumping Out Engineers |work=Bloomberg BusinessWeek |date=May 22, 2006 |access-date=April 16, 2011 |url-status=dead |archive-url=https://web.archive.org/web/20110418030640/http://www.businessweek.com/magazine/content/06_21/b3985070.htm |archive-date=April 18, 2011  }}</ref> with an additional 114,000 electronics engineers entering the Mexican workforce each year<ref name="prnewswire.com"/> and Mexico had over half a million (580,000) certified electronic engineering professionals employed in 2007.<ref name="promexico.gob.mx"/> From the late 1990s, the Mexican electronics industry began to shift away from simple line assembly to more advanced work such as research, design, and the manufacture of advanced electronics systems such as LCD panels, semiconductors, printed circuit boards, microelectronics, microprocessors, chipsets and heavy electronic industrial equipment and in 2006 the number of certified engineers being graduated annually in Mexico surpassed that of the United States.<ref>{{cite web|url=http://www.businessweek.com/magazine/content/06_21/b3985070.htm |title=Mexico: Pumping Out Engineers |work=Bloomberg BusinessWeek |date=May 22, 2006 |access-date=October 17, 2011 |url-status=dead |archive-url=https://web.archive.org/web/20111011203313/http://www.businessweek.com/magazine/content/06_21/b3985070.htm |archive-date=October 11, 2011  }}</ref> Many Korean, Japanese and American appliances sold in the US are actually of Mexican design and origin but sold under the OEM's client names.<ref>{{cite web |url=http://www.answers.com/topic/controladora-mabe-s-a-de-c-v |title=Controladora Mabe S.A. de C.V.: Information from |publisher=Answers.com |access-date=November 4, 2009 |archive-date=December 15, 2018 |archive-url=https://web.archive.org/web/20181215123221/http://www.answers.com/topic/controladora-mabe-s-a-de-c-v |url-status=live }}</ref><ref>{{cite web |url=http://www.milbank.com/en/NewsEvents/RecentPressRel/051222.htm |title=Milbank Represents Controladora Mabe, S.A. de C.V. in its First Eurobond Issuance |publisher=Milbank.com |date=December 22, 2005 |access-date=November 4, 2009 |archive-url=https://web.archive.org/web/20110102163414/http://www.milbank.com/en/NewsEvents/RecentPressRel/051222.htm |archive-date=January 2, 2011 |url-status=dead  }}</ref> In 2008 one out of every four consumer appliances sold in the United States was of Mexican design.<ref name="allbusiness1">{{cite web |url=http://www.allbusiness.com/north-america/mexico/403485-1.html |title=Mabe: at the vanguard in household appliances. &#124; Latin America > Mexico from |publisher=AllBusiness.com |access-date=November 4, 2009 |archive-date=May 11, 2011 |archive-url=https://web.archive.org/web/20110511134842/http://www.allbusiness.com/north-america/mexico/403485-1.html |url-status=live }}</ref>