Title: Oil prices and its effects on Mexican economy
Students name: Elcherik Daal
Name of the college: Palm Beach State College
Course: Macro-Economics
Name of the instructor: Warren Smith
Date: April 5st, 2015
Abstract
This research paper will describe the demography, labor force and the business cycle of Mexico. Mexico is a federal republic, and it consists of 31 states and the Federal District. The Constitution established separation of powers. The country itself has a perimeter of 761,602 square miles. Mexico underwent an increase in purchasing power living standards, as well as reforms in energy and telecommunications passed by recently elected President Enrique Peña Nieto. Besides the reforms, the manufacturing sector
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The Constitution established separation of powers, also known as the Trias Politica . Since the president is head of state, government, and the army, it was said that the only constraint placed on the power of a president of Mexico is the time limit of his presidential term. He is allowed to run for six years but isn’t entitled for reelection.
With the consent of the Congress, the president can even intervene in the states, thus restricting their independence. There is no vice president, so if the president dies or is removed from office, Congress would be obligated to elect a temporary president.
To conclude, an advantage of having a president with minimal restraints is that he can govern the country without the obstruction of the Congress. He can pass a bill or reform more easily. His run in the office will be more efficient, contrary to the hardships that US president is currently facing.
Economic system
You can get perspective on the Mexican society and economy by assessing the statistics and demographics of the country. One Mexican peso is equivalent to 0.06$, so you would need 16.67 pesos to buy one American dollar. The Mexican peso has dropped in the 0.02$ in the last five years. With devaluation of currency, the export will increase and the import will consequently decline. As a result, the GDP will
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The energy reforms will restore an industry that has had a deficiency in technology for quite some times now. US oil companies will lend their resources that the Pemex currently doesn’t have. This is a good opportunity to help boost Mexican oil production, which has been falling for years. “We need resources, technology and knowledge. Therefore, it is important to work with those who do have” (Peña Nieto). Mexico has been a top crude oil supplier to the US. However, its petroleum production has declined in the last decade. The reform opened Mexico’s oil and natural gas sector to international companies that could potentially help Mexico reverse the shortage/lag in the production. Besides US, Mexico has other trading partners like China, Japan, South Korea and Germany (Clare Ribando Seelke). Ultimately, these reforms could create investment opportunities for US companies, and it can expand the US and Mexican energy
Mexico has a mixed economic system, meaning that they have an economy where government companies and privately
This report provides data on Mexico which includes the economy, geography, its society, and government. It also discusses how Mexico’s economy is becoming orientated toward manufacturing. In addition, it shows that the GDP rate is not growing. The report explores the transnational issues facing the country which are international conflicts, refugees and domestically displaced persons, and drug trafficking. This source will contribute to my final project because it provides facts on the measures I am using to determine the development of a country.
The Framers of the constitution wanted to limit the power of the president because of their prior experiences with king george. Limiting the power that the president has, was
The effects of NAFTA on Mexico, U.S, and their economic situation have impacts on political interests. There was main objective of Mexico in pursuing free trade area with the United States or with other countries to stabilize the Mexican economy in sustainable way and promote economic development by attracting huge foreign direct investment means of increasing exports, in house manufacturing and creating jobs. NAFTA would improve investor confidence in Mexico has directly impact to increase export diversification, create job market increase wage rates, reduce poverty, improve standard of living, quality and economic growth
Mexico’s population is rising swiftly with a prediction of 135 million by the year 2051. Mexico’s agricultural output does not meet the needs of a growing populace. A majority of these families can't grow enough to feed their own families. Mexico maintains close to a steady 25% unemployment rate. But those who do work, work for very low earnings , and some families survive on money that their immigrant families send them.
does not have a large reign over any other branch in government. Though the President is influential, he does not have the ability to control the Judicial or Legislative branch, due to checks and balances. The President does not even have the equal power of a governor with respects to pardons. The President has the ability to delay any trial, or excuse any criminal except in cases of impeachment, treason, or murder. A governor may use pardons in these cases. This disability allows for a more stable and equal Judicial system, less likely to be corrupted. An elected monarch would surely be able to excuse any prisoner he wished, which is not the case for the president. The President also can appoint federal judges and ministers, but only with the senate’s approval. This further proves the lower extent of power beheld by the President compared to a monarch, as the senate ultimately decides which ministers and judges will be appointed. The President has a unique part of the Legislative, which is the veto as stated previously. This allows him to check, but not obstruct, the legislative process. Ultimately, the President has minimal control over the other branches, than an elected monarch would have over
Mexico is the eleventh most populated country in the world with a $2.2 trillion economy (CIA, 2017). It is also an extremely popular tourist destination for Americans and Europeans alike. Moreover, its people have had the highest average annual hours worked in the world every year for the last three years (OECD, 2017). Despite this, their unemployment rate is estimated to be 3.6% and their underemployment at 25% (CIA, 2017). I am going to expand on this country’s issues with corruption, organized crime, violence, the economy, and how I assess their future will affects us here in the United States.
The President of the United States is the most powerful wo/man in the world. There are few limits to what s/he can do. The Constitution created the institution of the presidency in 1789, power of the president has gradually grown from what was first envisioned. The presidential powers were set up to be limited by separation of powers into three branches of government, by the checks and balances scribed in the constitution, by federal systems, political parties and the media. The president is elected for a four-year term in office, maximum of eight years. Framers of the Articles of Confederation felt that liberty could only be enjoyed with checks set up by an executive branch of government. The
Another reason that suggests the favor toward limiting the president’s power is that his actions can reflect on how long he stays in office for. The President does not have any power among any other citizens of the United States to commit any illegal offenses and not be punished. “The President of the United States would be liable to be impeached, tried, and, upon conviction of treason, bribery, or other high crimes or misdemeanors, removed from office; and would afterwards be liable to
Presidents of the United States of America have been around since the country became it’s own. Each president is given certain responsibilities and rights. Presidential power is listed in the Constitution but since then, there’s been room for more responsibilities to come into play. The powers exercised in the modern world surpass those included in the Constitution. Today, the president has a number of offices and departments serving under him. These institutions help keep the government together and everything running smoothly. The presidents rely on a number of other things. Some include elections, political parties, interest groups, the media, and public opinion. There are different kinds of powers granted to the president. While some
The nationalization of oil companies under the presidency of Lazaro Cárdenas is perhaps one of the most widely discussed instances in Mexican history, along with Independence and Revolution. One can see the common theme in these episodes: the explosion of national revolutionary sentiments causing important upheavals in the structures of society. The promises these movements made were seldom realized, but people still remember and regard them as the pillars of the nation. The expression of Nacionalismo Revolucionario remains an integral ethos across Mexican social
The Role of the President is multifaceted he is both the head of state and head of The United States government, he is also the Commander-in-Chief of the armed forces. The term of office is 8 years and a President may not serve more than 2 terms. Article 2 of the Constitution of the United States of America deems that the President is Head of State, responsible for execution as well as enforcement of laws which are created by Congress. The president has the power to sign legislation into law and human also veto any bill and acted by Congress. Executive orders and appointments of heads of federal agencies, are also issued by the President, who may also issue pardons and grant clemency’s to individuals who have committed federal crimes, except in The case of impeachments.
Mexico has resulted in recent years as one of the most promising emerging economics nevertheless the downturn occurred in 2009 under the influence of the crisis in the United States. In 2010 the economy has restarted its growth trend, which according to the forecast will bring the Country among the elites of world economy. This short paper explains the fundamental factors determining Mexico economic growth using the PEST Analysis Framework. In particular it focus on how International Business activities has contributed to economic development of the Country, offering also an once-over on the main industry involved in this process.
Mexican dependence on the U.S. is notable. After the failure of the drive to diversify trade patterns in the 1970s and eighties (the local equivalent of Canada's Third Option policy), a 'realist' approach began to mark the nation's traditional nationalist and protectionist economy. From opposition to excessive U.S. dependence, Mexico moved to welcome it as inevitable. With time, the Mexican economy became even more dependent on the United States than the Canadian economy.2
In this mini-case we will look into 4 key aspects such as Mexico’s key economic indicators, the causes of the country’s balance of payment problems, policies in