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Seven out of ten foreign companies in Mexico feel less safe in 2011.

CIUDAD JUAREZ, Mexico -- Armed men kidnapped an American university professor while she was visiting her mother in the violent Mexican border city of Ciudad Juarez, the state prosecutor's office said Saturday. The American was identified as Veronica Perez Rodriguez, an archeologist at Northern Arizona University.

According to a survey of the American Chamber of Commerce (AmCham Mexico) and consultancy Kroll,  92% of companies with American capitals , Japanese or Canadian based in Mexico, considers that the security has not improved in 2011 compared to 2010.

On a disaggregated basis, 67% answered that they “feel less safe”, 25% “as safe” and only the remaining 8% feel “safer” than in 2010.

Responses corresponded to 511  foreign companies radicated in Mexico, AmCham members, or members of the Japanese Chamber of Commerce and the Canadian Chamber of Commerce.

The survey found that, due to the panorama of insecurity, 8% of companies report that has considered moving their operations to another country and 27% have reconsidered their investment in Mexico.

However, that same survey also showed that only 21% of respondents think that the strategy of the war on drugs has been successful.

The AmCham survey found that companies spend less than 2% of its operational expenditures on security in Mexico and will provide more budget in the next two years.