The Mexican Economy : Overview Of The Mexico Economy

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.

Mexico has a mixed economic system, meaning that they have an economy where government companies and privately

Mexico is beautiful warm country located in Central America. Mexico has a representative democratic republic, and are currently being run by Enrique Pena Nieto their current president. The criminal and civil laws between the united states and mexico very in many areas; this forces the differences and similarities in the way the court systems function.

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.

Impact of NAFTA on Mexico’s manufacturing industry – Effect on Productivity, Wages rates, Incomes, and Investments in FDI

There are many differences between Mexico and the United States when it comes to work and cultural normalities. The first difference is the role of negotiations. In Mexico it is always pleasure before business, they are non-confrontational and “have a low tolerance for adversarial relations.” [2] They want to agree with their trading partners as often as possible and say yes frequently. However, there is “a polite yes and a real yes.”[1] When it comes to business meetings. It’s often thought that if you make an agreement with a firm in Mexico you will need to make sure and “get the agreement in writing”[1] before further plans are made because they can go back on their word at later times. They avoid saying confrontational phrases and “often resist saying no.”

The first elements Zuloaga points out is that “the protection of the Mexican cultural industry never came up”. (Zuolaga,2001) Indeed, the NAFTA agreements made between major world powers, it is expected that many will question the validity of these agreements on an equality scale for Mexico, known as a weak country on many levels.

Mexico, whose official name is Estados Unidos Mexicanos or United Mexican States is our neighbor to the south, the U. S. and Mexico share 1,989 miles of border territory (“How Long,” 2015). Mexico is made up of 31 states and one federal district. Prior to the Mexican American War in 1846, New Mexico, California, Texas, Arizona, Colorado and Utah were also part of the Mexican territory, which was about one third of their territory (“Mexican-American War,” 2009) The population in Mexico is estimated at 121,736,809 as of October 2015 (Worldmeters, 2015), which is equivalent to 1.71% of the total world population; 79 % make up the urban population. In Mexico there are 68 official languages which included many indigenous dialects but 92.7 % of the population speak Spanish. The Mexican currency is the peso, currently the exchange rate is $16.49 pesos per dollar. In Mexico, 82.7% of the population are Roman Catholics who worship the Virgin Mary, mother of all Mexicans.

Something evident due to the fact that the mexican peso has devalued to 65.15% against the dollar since the beginning of Peña Nieto’s term. A big downfall compared to the administration of Felipe Calderón Hinojosa and Vicente Fox Quesada, Mexico’s previous presidents. Many things have caused this, but the most recent and impactful event was when Donald Trump won the election. Trump’s views on illegal immigration and his stance on renegotiating the North American Free Trade Agreement or NAFTA really shook the mexican peso out of control. This to the point of breaking the unnerving barrier of 20 pesos per dollar. To put this into perspective, when I was about twelve years old a dollar was worth ten pesos. This severely affected the mexican people and many daily necessities would increase in price. The bus and metro prices would increase by 20% severely affecting many of the working class. Groceries and other goods would also increase in price. Even though Peña Nieto has lowered unemployment, his inadequate handling of our currency has left many mexicans unhappy. Some even losing their

The annual GDP of Mexico grows steadily in recent years. After the financial crisis, the growth rates remain positive. The GDP growth rates are above 4% from 2010 to 2012. While the growth rate decreases to 1.4% in 2013, it has been gradually increasing and is predicted to continue the positive

Based on the labor plus it 's a six (www.wilsoncenter.org) there are 6 million US jobs that depend on trade with Mexico. To border states that trade extensively with Mexico, California (692,000) and Texas (460,000) Jobs, have the mouse. Although these bordering states depend mostly on trade with Mexico, they aren 't the only one. Nebraska, New Hampshire, and South Dakota also send more than 20% of their exports to Mexico. Based on empirical evidence and that Hector a hole and model,The US is abundant and import goods and services and Mexico is abundant and export, while giving the US a comparative advantage over Mexico terms of trade. 8–0 basic Sarah is defined as an egg canonically that will export good and it 's abundant factors and import good intensive this car factor of production.

The following section I discuss the following: form government, living standards, labor market conditions, the orderliness of leadership and succession, culture and demographic characteristics of the population, integration with international economic systems and security risk.

economy by 2004. In the latter year the economy of Mexico grew by 3% and by the next to 4.1%.

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.

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