Business in Mexico

Excelsior has a story today about the security costs of doing business in Mexico that's loaded with crazy facts. According to the authors, in some businesses 10 percent of expenses go to security. Multisistemas de Seguridad, a private security heavyweight, says its business has grown by 20 percent in recent months. It also says that the number of kidnappings last year in Mexico exceeded 800, almost double the official total. A group called Centro de Estudios Económicos del Sector Privado says that the economic impact from robberies over the course of a year in Mexico is 8 billion dollars, or 0.9 percent of the GDP.