Mexico's Mixed Economic System

Mexico and the United States are countries that have several aspects to relate and compare the differences that exist between them. Each country has its own characteristics, and is a way of being able to identify to other countries. In this case, Mexico and United States are independent parents with an extensive history where we can know aspects of each one of them. Mexico is characterized by being a country of religious traditions and U.S. for being the first world power. In addition to the above, it is important to highlight the differences existing between the countries of Mexico and United Stated as well as their similarities.

One of most talked about issues to those who live in on the U.S.-Mexico Border is the economy. The economic relationship between the United States and Mexico began in the colonial era, but it was not formalized and strengthen until the North American Free Trade Agreement was enacted and ratified by both countries, with the addition of Canada, in 1993. Mexican government “made it clear that the enhancement of foreign direct

Mexico had declared independence after the USA, and this allowed them to see what works. This creates an abundance of similarities in the laws and court systems of the countries. Just like the US, Mexico has Federal courts such as the Supreme Court, and district courts which are a lower level. Citizens in Mexico are also allowed to appeal, and go to a higher level court. Another similarity is the supreme court can strike down laws that seem to violate rights. In contrary to the USA, Mexico does not frequently use the jury system. This would never be allowed in the US because the sixth and seventh amendments protect the right for trial by a jury of peers in both civil and criminal cases. Despite not having a jury Mexico still handles civil

II. Thesis Statement: Mexico is an interesting country, with many different and people and customs, as well as major problems.

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.

In the Shadow of the Mexican Revolution by Hector Aquilar Camin and Lorenzo Meyer tells a chronological story of contemporary Mexico from the fall of Porfirio Diaz in 1910 to the July elections in 1989. The time period that Camin and Meyer portray in Mexico is one of corruption, civil war, and failure. While Mexico would undergo an era described as the “Mexican Miracle” where the Mexican country would begin to see a positive output in the country, it would be short-lived and Mexico would continue to fall behind as other countries progressed. While In the Shadow of the Mexican Revolution is comprised of facts throughout history, one cannot help but feel a sense of sympathy for Mexico. While their corruption, political, and economical,

"In 1994, both countries [Mexico and the United States] signed the North American Free Trade Agreement (NAFTA) which has increased their mutual trade and foreign direct investment. Between 1994 And 2005, the US-Mexico foreign direct investment flows increased substantially from 16,968 billion to $71,423 billion. By 2007, the Mexican commercial relationship with the U.S. almost tripled from $297 billion to $930 billion." [2] This mutual increase in business inherently has had an attendant growth in "the number of foreign enterprises who have situated in each country." [2] With this increase in international business and trade comes cultural shifts and increased globalization and differences in managerial functions.

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.

Within the western hemisphere, neighboring countries United States and Mexico have established an interesting relationship since their rise of independence. Within this relationship, several differences appear. These nations have had their fair share of struggles; yet both manage to coexist fairly well. When comparing both of these countries on the basis of commerce, education, and political stability the commonalities, discrepancies, and relationships become evident. As well as, the factors for the mass Mexican immigration to the United States and the harmful effects that result the country of Mexico as a whole.

Before NAFTA, Canada and the United States were produced economies with solid customs of liberal political and financial arrangements, while Mexico had not one or the other. After World War II, Mexico occupied with protectionism and import-substitution, instead of fare headed development. Mexico 's approaches were proposed to make freedom from American authority and energize local industrialization through state and corporatist strategies. These strategies reverse discharges and by the 1980s Mexico had triple-digit expansion, retrogressive businesses, and broad universal obligation. In this environment, Mexico started to change in 1985 and tear down its protectionist approaches. Be that as it may, Mexican wages were still only one seventh of those in the United States only preceding NAFTA. This made noteworthy resistance to collaboration with Mexico in the United Sates, where American work and union gatherings dreaded huge employment misfortunes to Mexico. Ross Perot broadly reworded this dread among Americans with his "monster sucking sound" representation for employments going south of the US outskirt to Mexico. As far as it matters for Mexico, opening its economy as needed by NAFTA undermined political and financial pioneers who had controlled and appropriated state incomes without outer impedance. Much more diminutive contrasts existed between the US and Canadian monetary and political framework, which were both liberal vote based

Based on census.gov, when US started exporting to Mexico in 1985, it was exporting exactly 13,634.7! In millions) and importing 19,131.7 (million). Currently, into thousand 15, and exports and imports croup substantially to 237,377.4 (in millions) and 294,741.1 and exports. This data shows a major increase between the 30 year trade. With Mexico and the US. Mexico and the US continue to be trading partners because of the huge beneficial investments and production sharing. Mexico already purchases more US goods than any other nation except Canada, Mexico and US partnerships don 't only focus on buying goods between one another but also in production sharing as well.

|The purpose of this essay is to analyze these three main causes of poverty in Mexico. |

Economy, but also to reduce its economic dependence on the United States. The United States is, by far, Mexico’s most significant trading partner. About 82% of Mexico’s exports go to the

Mexico is the 15th largest nominal GDP in the world and the 11th largest by Purchasing Power Parity which is estimated at $2.2602 trillion in 2015 and a $1.3673 trillion in nominal exchange rate. Its annual average growth from 1995 – 2000 was 5.1% but dropped to 3.02 % over the next 10 years. In the wake of the global financial crisis, Mexico GDP further took a nose-drive by a 6.2% decrease; the economy is gradually normalizing as the GDP expanded to at 2.1% in 2014 a two year consecutive growth. It is expected to modestly rebound in 2015 to 2.7% before averaging a robust 3.5% between the fiscal year 2016-2019 this growth when compared with other regional peers is slow, a reflection of the country weak trade ties with Asia. (EIU, 2015) But unlike most countries, it was able to maintain a moderate public debt of 45% of its GDP and a low but permanent current account deficit of 0.8% which can mainly be attributed to the country’s commercial surplus with the United States and a deficit with Asia, China and the rest of the world. It has been argued that successful implementation of structural reform could potentially eliminate some competitive bottleneck thus boosting the economy to 4-5% by 2019 (export.gov) but this is an unlikely achievement in light of the persisting institutional weakness towards implementing government reform program. The country trade balance would suffer from lower oil export as a result of decline in population and weaker oil price

Mexico is the top trading nation in Latin America and the ninth-largest economy in the world. No country has signed more free trade agreements – 33 in all, including the two biggest markets in the world, the US and the EU. Altogether these signatory countries make up a preferential market of over more than billion consumers. Much of the FDI in Mexico is attracted by the country’s strategic location within the North American Free Trade Agreement, which has positioned it as a springboard to the US and Canada. Other attractions are competitive production costs and a young, skilled workforce, together with political stability and an open economy.