Mexico: North of the border

Financial Times, 8/22/2012

Over the past five years or so, Mexican companies have poured billions of dollars into the US as they ramp up the purchase of assets that range from banks to broadcasting companies and building-material suppliers. The push, which has gone largely unnoticed, has extended the reach of Mexican businesses that once looked exclusively to domestic customers.

Some people have even begun to call it the reconquista or “reconquest”, in reference to the recent clawing back, through demographics and the spread of Mexican-owned businesses, of territory that was once Mexican and became part of the US after the war between the countries in 1846.

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