Our World

Economy of Mexico

The article relates many facts and figures concerning Mexico's struggle to attempt to become a player in today's competitive economic world. In the past, the Mexican's economy was largely agricultural based, with fruits and vegetables being main exports. With trade agreements and their large work force, Mexico has made strides to improve the lives of their people and hope the future finds new and better markets in which to trade.

Mexico has an excellent number of popular vacation destinations, primarily on the Pacific Ocean and Gulf of Mexico coastline. They also have an abundant supply of silver and oil, which is a good framework to build their future economic endeavors. The Mexican government is hoping new agreements and trade partners will increase their exports and eventually upgrade the standard of living for the majority of their population. Such changes, however, are difficult since ways of life and feelings of the people are deep rooted after hundreds of years living in poor conditions. It seems as if improvements in infrastructure and education should be on the leading edge of any type of change if a permanent, more modern society, and industrialized Mexico is to be attained.

Crime and corruption is everywhere and not 100% avoidable in any country. In Mexico its a been a continual serious issue. According to the article, which is attatched and obtains many other figures and facts, the World Bank states that together they make up as much as 9% of Mexico's GDP. It sounds as if efforts are being put forth in order to help this problem. Associations such as Alliance for a Legal Mexico have been formed to enforce people of Mexico to pay their taxes.

A couple of years ago while my family and I spent a week in Puerto Vallarta, Mexico, I witnessed first hand the incredible difference between the modern, plush resorts on the ocean and the rundown, poor areas only blocks into the city. Wages must improve and money has to reach the common workers in order for Mexico to grow and thrive in the future. I think the potential is there, but only if politicians and industrial leaders make decisions that are good for all the citizens in Mexico.

The article attatched is a reliable and useful source of statistics and an overview of Mexico's current situation in the area of trade between countries and their own positives and negatives in how they handle their place in the international market.

http://en.wikipedia.org/wiki/Economy_of_Mexico

posted by Anonymous @ 10/11/2006 07:26:00 PM