Hola everyone!
This is Augusto from TCF Mexico.
Entrepreneurs take the corruption in stride, with 60% saying that corruption is part of the cost of owning a business. Even when corruption cases get into the judiciary system, fewer than 20% of cases result in guilty verdicts, compared to almost 90% in the United States.
Mexico's government is often described as institutionally inclined toward ruthless dishonesty and an inability or unwillingness to seriously take on the drug cartels. It is often a very dangerous place if tourists get lost in the wrong neighbourhood, because they may face as much danger from the police force as they do from street criminals and narco-terrorists.
Government corruption is endemic from top to bottom. It is estimated that corruption caused a 9% hit to Mexico's GDP in 2015. Moreover, over 40% of Mexican businesses admit to paying a bribe, making their companies less competitive on the world stage. A Mexican Institute for Competitiveness (IMCO) survey finds that Mexico ranks 36th out of 43 world economies.
