Rosenberg, December 11, 2016, Article Summary Week 7 The end of 2016 bought about a change in the Unites States that was predicted to be felt worldwide. 2016 presidential election sets the next four years for the not only the United States, but the international markets also. President Elect Donald Trump as been publicly saying that one thing he will do is build a wall between Mexico and the United States, to block illegal immigration. But what will that do for Mexico's economy? Will they still have manufacturing and trade with the United States? An article I found is saying that Mexico's Economy doesn't depend on the next U.S. president. The Mexican Peso initially fell 13% in trading after the election of Donald Trump as the new United States President. Resulting in the largest drop since the economic crisis in 1994. President elect Donald Trump has been saying that he is going to stop and not renegotiate Mexico's free-trade agreement: NAFTA. This trade agreement would have allowed Mexico to have free trade agreement with the United States and 11 other countries. But with President Elect Trump not wanting to continue that, Mexico's economy could take a hit for the worse in the short and medium term. Ruelas-Gossi is predicting that with Mexico still having other trade agreements, he is saying the economy actually will not see that big of a change. Ruelas-Gossi states that no matter who was elected to be the next United States President that Mexico was going to need to be able to enter a new era for their international trade. Those developing countries are going to need to be able to \"integrate into global value chains, mostly by carrying out low-value activities.\"(Ruelas-Gossi) Mexico has decide to focus on reducing cost based on natural resources (mining and agriculture), manufacturing and other jobs such as call centers. Ruelas-Gossi explains that by having the focus on those business, allows for employees in these industries raise their skill levels and can eventually ask for higher salaries for more sophisticated work. \"That's how they climb the global value chain.\"(Ruelas-Gossi) But also could potentially be harmful and that other countries have found to be able to improve their economy by focusing on certain things that the country can do well and focus on how to maintain the standards, while maintaining jobs and improving the economy. Other countries have been able to succeed in this way, Chilean copper manufacturing, Basque Country's steelmaking, and New Zealand's milk industry. Chilie is now the worlds largest cooper producer, and have been able to improve work standards and the economy. New Zealand is the world's largest export of dairy products. That buy finding the country niche products, will allow the country to have a stable economy while creating new jobs, and continuing to improve the economy using the resources and employees that is had available to the countries fullest ability. Work Cited https://hbr.org/2016/11/why-mexicos-economy-doesnt-depend-on-the-next-u-s-president