Financial Management for Sustainable Development in Mexico

For some, sustainable development is associated with the environment. For others, it means investing in projects or technology that will reap long-term benefits and will have no tangible effects on the present. This could not be further from the truth. As defined by the UK based Sustainable Development Commission, ‘sustainable development is development that meets the needs of the present, without compromising the ability of future generations to meet their own needs.

The business and Industry sector has traditionally been driven by a single factor, such as profit or efficiency, to the detriment of other vital components society relies on, such as local communities, the environment, science and technology, or welfare. The negative impact on society of this one-dimensional approach has been reflected through large-scale financial crises caused by irresponsible banking, or even strong changes in climate patterns. However, the growing influence of established and socially responsible corporations, such as HSBC, combined with the emergence of new players, such as Google or Facebook, has contributed to shift the rules of engagement and exert more pressure on their piers to adopt corporate practices that are more in line with sustainable development.

Good financial management is defined by the efficient and effective management of company funds in such a manner as to accomplish the objectives of the organization. This is achieved through planning, monitoring, organizing and controlling the monetary resources of an organization. If the objectives have as a focus the capacity to balance different, and often competing, needs, against an awareness of the environmental, social and economic limitations faced as a society, then the sustainable development component will be part of the driving force of the company, rather than being perceived as an additional cost, or labeled as ‘the price of doing business’. Ensuring you have the right financial management framework in place, whether it is in-house our outsourced, is the key to delivering successful sustainable development.

Over the years, Mexico has consistently contributed to sustainable development on a global level, and has been leading by example in Latin America. Mexico’s progress in policy planning and institution building over recent years has been remarkable, including the April 2012 adoption of the General Law on Climate Change (LGCC in Spanish), one of the world’s first climate laws-and the first in a developing country. Under this law, Mexico aims to reduce its emissions by 50% from 2000 levels by 2050. The NDC proposal is consistent with this objective. Mexico has significantly lowered its CO2 emissions without hampering its economic development, and actually seeing considerable growth. Various ministries now offer wide-ranging support to companies wishing to grow the economy whilst making a positive impact on the local community involved, and the inflow of foreign direct investment in these types of projects is a testament to the fact that Mexico is leading the field.

Through efficient financial management you can build solid foundations for your company, as well as providing bright opportunities for future generations.

Trump Is Correct When It Comes To Free And Fair Trade

There was an interesting CFR (Council on Foreign Relations) YouTube Video titled: “A Conversation With Adam Smith,” which is note-worthy – in watching this intellectual panel discussion it occurred to me that maybe Washington DC needs a reboot, and CFR ought to consider their future policies in all of this too. In the video there was a bit of Trump trampling and a persnickety tone of arrogance. Okay so, here are some of my thoughts on this:

Actually Trump’s concept on foreign trade is very clear. “Free and Fair” – not lopsided trade deals merely to grab a client nation at the expense of free and fair trade. He’s a billionaire with business dealings around the world. I almost think that CFR is showing their anti-Trump stance (it’s getting old) and yet, CFR propped up Obama and Clinton which led to corruption and bad choices. Maybe CFR might need to look in their mirror, recent history and see just how bad much of their advice was. Additionally, CFR is continually touting the UN which always seems to make things worse, never solving much of anything.

One Washington DC economic policy adviser notes: “The economics on trade is very opaque: fewer barriers to trade are better than more, even if the trading partner raises its own barriers. As far as we understand the economy, this is true.”

Yes, agreed, but when every nation we trade with we find ourselves in an unfair position, today nearly all of our trade is lopsided, somewhere along the line we hurt ourselves economically. We cannot purposefully be at a disadvantage on every trade deal and still come out better off. Yes, we gain client nations, and yes, it is nice to make the rules of how the international community intermingles, and yes, it’s nice to have the world playing with US dollars allowing us to print more – but when we lend money into existence and the US citizen is on-the-hook for that debt, we need the money to circulate here too, if it doesn’t that’s not good. And with regards to what’s good for us and for them – consider this: when we hyper-inflate other nations due to giving them tremendous trade surpluses or free flowing borrowed monies, we end up building them up and collapsing them, then they don’t trust trade, the West or capitalism.

Further, when those foreign investors race to invest that money here in a safe-haven motif – we bloat our economy and banks’ reserves then we lend more in-house to our citizens over extending them and making risky loans, then we have boom and bust cycles – now those boom and bust cycles are world-wide, that is not a good thing for stability – politically, economically, or peacefully speaking.

If we are going to have trade rules, everyone should agree to free and fair trade, otherwise in the end the flows are unbalanced and we set ourselves and/or our trading partners up for wild swings and chaos. Not wise.

International Business Setup – The New Talk of the Town

For ages people have wondered about owning a business in a country of their interest. This decision is backed by a lot of questions, like:

Which country to open a business in?

Which industry to choose?

What are the implications of setting up a business in these countries?

Is this the right thing to do?

what options do I have?

How soon can I open this?

Is it going to be profitable?

There are a lot of other questions which pop up in your head and you don’t have answers to them. The best way is to hire an agent or speak with a friend who knows. speaking with a friend will probably give you an insight and your friend might help you a bit with the process, but then again you need to consultant a professional to do the right thing. To follow the right procedure for opening your company/franchise etc.

The next question which comes out is how much will these agents charge you?

Is it going to be a fair price or are you going to get robbed?

Again you sit in a corner in a dilemma scratching your head thinking if this is going to over shoot your budget because these agents will grab all the opportunities to extract the that extra amount from your pocket.

This is the time when you need a real agent.

Ask these questions to your agent.

Why are you charging ‘X’ amount?

What all services are included in this?

What happens if the work is not done on time?

Will there be a compensation if there is a mistake that occurs on their part?

Do you need to run behind them or do they need to run behind you?

Well all these questions are simple but the last one though; differentiates them. An agent who makes you run behind them is not worth hanging on to. An agent who runs after you is a good bargain and this is where you will learn the customer service which is associated with the company or agents you will deal with.

Most of the times I have seen a lot of agents who will run around in the start just to grab your attention and they will also criticize the other agents saying; ” those agents do not know how to get the work done properly.” You like an innocent child believe this and follow them blindly and in-turn have the worst experience of your life.


You want to suffer or be victorious in your endeavor. The choice is yours. Try to meet them, allow them to give you all their details in writing. Try to get them make a contract with you for the services being offered by them. Throw in some of your points in the deal. Discuss the price before you start with them. Do not pay them more than the contract amount. Also do not pay them less than the contract amount. At the end of the day these small things will make your experience worth your time and money.

I have come across many customers in work who complained about their agents not providing them with the full or correct information.

My business is to help people with setting up their businesses in UAE with ease and within the shortest possible time.

You might ask me for help if you want information on the cost of setting up a business or about various visa services or how you can get your documents attested at the best rate in the market.