Comparative Analysis and Insights on the Advantages and Disadvantages of Mexico and Vietnam's Ability to Undertake Industrial Transfer Based on Entropy Method

DOI: https://doi.org/10.62517/jbm.202509612

Author(s)

Jiwei Wang

Affiliation(s)

School of Economics, Southwest University for Nationalities, Chengdu, Sichuan, China *Corresponding Author

Abstract

Based on the data of Mexico and Vietnam from 2012 to 2021, this paper first constructs an indicator evaluation system for the ability of the two countries to undertake industrial transfer from four aspects: industrial attraction and pulling force, industrial support and driving force, industrial development potential, and geopolitical risk. The entropy weight method is used to measure the scores of various sub indicators of the two countries' undertaking ability; further compare and analyze various aspects. The research concludes that, in terms of scores, Vietnam's advantages are mainly concentrated in industrial support power, while Mexico's advantages are concentrated in industrial attraction and geopolitical risks. Moreover, Mexico also has a weak advantage in industrial development potential. Therefore, Vietnam is more suitable for undertaking labor-intensive industries such as Chinese enterprises and traditional manufacturing, while Mexico is more suitable for undertaking China's emerging industries with international competitive advantages, such as new energy vehicles, power batteries, and photovoltaic equipment.

Keywords

Entropy Method; friendly Shore; nearshore; undertaking Industrial Transfer Capacity; comparative Analysis

References

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