North of the border

Financial Times, 8/22/12

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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