Essay On Mexican Economy
I. Introduction
Mexico is a country located in North America. Neighbouring countries include the United States, Belize and Guatemala. The country is also bordered by the Pacific Ocean to the south and west and by the Mexican Gulf to the east. As really old part of world civilisation, Mexico distinguishes itself thanks to its human wealth and an exceptional cultural diversity. The capital is Mexico City. The currency there is the Pesos.
(France Diplomatie, 2016) Mexico is the fifth largest country in the Americas by the area, and the 13th largest in the world. With a population over 124 million inhabitants and a GDP close to 1300 billion of dollars, this is the most populous Spanish-speaking country and the second Latin American economy. By
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The President of the Republic, who is also the head of government and the army chief, is elected by universal suffrage for a 6 years’ term. He can not be re-elected. The Congress consists of two assemblies: The Chamber of Deputies and the Senate. Deputies and Senators are elected by universal suffrage, 3 years for the Deputies and 6 for the Senators. They can not make two consecutive terms but can imagine after a term interruption.
II. Personal level
1. Macro-economic factors
The Mexican economy continues to benefit from a dynamic internal market, and the country continues to attract foreign investor, but the external factors are slowing the country’s growth. Mexico is the 15th largest economy in the world. The Mexican economy really depends on the one from the United-States. During the subprime crisis, Mexico was as much affected as the United-States.
His entry into the NAFTA (North American Free Trade Agreement - tripartite common market Mexico-USA-Canada) has promoted the modernization of its economic structures but also a greater dependency on the export sector. It is now the 8th largest exporter. The bulk of the resources comes from the oil, the oil company PEMEX is the second most powerful company in Latin America; it provides 45% of the government revenue. Mexico is the 5th largest producer of crude oil and 13th for
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