enough good-paying jobs in mexico? is that because of the u.s. recession? when your economy starts growing even faster will the old pattern re-emerge and you ll see more mexicans coming across the border? that s quite unlikely. it will mean more jobs in mexico, and better paying jobs in mexico. it s not at all projected for these to change. in fact we expend this trend to continue. in a sense, in washington, we re fighting yesterday s war. in other words, there isn t going to be a big problem of mexican migration into the u.s. in the future. certainly not. and i think it s framing the problem framing the future with the lens of the past. immigration will be more about students coming to the u.s. even u.s. students going to mexico to learn spanish and get different skills. will be of high qualified
around the world have to pay. next on gps. eric cantor s down, what does that mean for the u.s. economy? how about mexico. let get the perspective from there. i ll talk to mexico s finance minister. because we re streaming the movie that you love. well, how do i win? because we ordered that weird thing that you love from the pizza place. how do you win, dad? because i used the citi thankyou card and got two times the points on alllllll of this. well, and spending time with you guys of course. that was a better answer. the citi thankyou preferred card. earn two times the thankyou points on entertainment and dining out all with no annual fee. to apply, go to citi.com/thankyoucards.
who do you think of? i think it s surprising. this is not a mexico issue, this is a u.s. issue. we under it that way. do you look at it with some puzzlement? because as you know, net mexican immigration to the united states over the laugh year or two, has been essentially zero. that s a fact that s little known in the u.s. but it s a very important fact. in years, the migration was positive into the u.s., but in the past four years, the migration has been zero. that means the number of mexicans coming to the u.s. is the same that the number of people coming to the u.s. into mexico. what is increasing is not the flow of people but the flow of goods and services. every year, we have we have an increasing amount of trade. we do $1 million of trade per minute between mexico and the
the border anything sub stang to improve the crossings, so the cues are getting longer, wait times are getting longer and these are the kind of things we should be focusing on much how can we be sure something that is produced in within mexico, then goes to a factory in north carolina, and that it would be exported to europe. how can we stream line that process to make it more productive, more competitive for both countries? that means unsfra structure. that means logistics, that s where the factors of mexican relationships should be on. we should been paulaing for the opportunities, not the problems. i perceive the u.s. government is focusing strongly on that, as well as we. pleasure to have you on. thank you, such an honor. up next, if watching the world cup you see pictures of the slums of rio and wince, my next guest will give us the case for slums and he s a harvard
u.s. we have 1 million crossings of the border legally every day. that means that the integration of these two economies is happening regardless of what people say in washington or in mexico city. just it makes so much sense to have value changed linked, produce things together as we do in the auto industry for every dollar we export to the rest of the world. u.s. content and production. explain that again for a second. every dollar that mexico exports, 30 crepts of that dollar is something that you bought in america? you bought in america. every time we export america is exporting with us. it happens rs on the u.s. exports. because many components coming from mexico. why do you think the mexican immigration to the united states has stopped or at you say, the number of people coming from mexico to the u.s. is equal to the number of people going from the u.s. to mexico. net migration is zero. is that the cause there are