Economic impact arizona

Economic Impact of the Mexico-Arizona Relationship

15249 N 59th Ave Glendale AZ 85306-6000 USA Web site: www.thunderbird.edu Email: info@t-bird.edu

Archamps, FRA Glendale, USA Monterey, MEX Moscow, RUS

São Paulo, BRZ Shanghai, CHN Taipei, TWN Tokyo, JPN

WHERE THE WORLD COMES TO LEARN BUSINESS

Thunderbird, The American Graduate School of International Management has been preparingmen and women for the complexities of international business for more than 50 years. Every activity, program and initiative in which the School engages is designed to help our students become more effective leaders of global businesses and organizations, through an understanding of the interaction of business, cultural, regional and communication differences, as well as languages. Thunderbird is aglobal village, where our faculty, students, clients and other stakeholders work together in what is arguably the most culturally diverse population of any business school. Thunderbird is pleased to be the home of the Thunderbird Mexican Association, an organization created for students and alumni to bring together representatives of Mexico and the School to enhance business and culturalrelations. The Thunderbird Mexican Association has almost 200 active members from all over the world, people who are interested in Mexico, its culture, its people and its business community. The Association also maintains contact with the approximately 600 Thunderbird alumni living in Mexico. This report is the product of members of the Thunderbird community, including members of the Thunderbird MexicanAssociation, students, professors, alumni and staff along with the Consulate General of Mexico in Phoenix. It does what has not been done previously – provides in a single document detailed information about the Hispanic, particularly the Mexican, community living in Arizona and its importance in the economy of the state. The report also measures the impact of commerce, immigration, investment andtourism on both sides of the Arizona-Mexico border. Projects such as this one benefit the community because they help us understand the intricacies of the relationships between Arizona and Mexico. And, as sister governments, the more we know about each other, the better our relationships will be in the future.

Dr. Roy A. Herberger Jr. President, Thunderbird, The American Graduate School ofInternational Management

I would like to express my appreciation to the Graduate Students and Faculty from Thunderbird, The American Graduate School of International Management, for their tremendous effort in putting together this study entitled “Economic Impact of the Mexico-Arizona Relationship.” After having read the document, I believe that its findings are very positive and reflect theArizona-Mexico relationship within the context of our entire region. I would also like to thank “Wells Fargo” for having the vision to sponsor such an ambitious project. This kind of joint effort proves how much our nations have come together over the years. The Ministry of Foreign Affairs is extremely pleased with the hard work, dedication and professionalism that went into the forging of this study.This paper is the reflection of many years of bilateral work and joint efforts on both sides of the border. The participants of this study, who happen to come from different backgrounds and countries, have provided us with a valuable analytical tool that allows us to assess the importance of the ArizonaMexico relationship. To prove just how important Arizona is to Mexico, we should keep in mindthat Mexico's trade balance with Arizona alone, approximately 8 billion dollars, is equal to the trade balance between Mexico and South America as a whole. Trade and economic development have always been an important part of our relationship; but in the last couple of years we have been able to adapt in order to meet the needs of the current global order. With this in mind, we are now able to see...