Recent headlines out of Latin America can’t detract from the larger story of growth.
Developing economies should seize the opportunity presented by the convergence of two forces — rapid urbanization and technological innovation.
The term “developing economy” suggests a constant state of pursuit. Yet two key forces under foot, dubbed “megatrends” by PricewaterhouseCoopers, hold the potential to create a more level playing field with advanced economies — rapid urbanization and the astounding pace of technological advance.
Almost 10 years later, it is clear that the gamble paid off. The factory has flourished and employs more than 1,800 workers. Bombardier continues to generate profits from its Mexico plants and is expanding there.