Poverty in Mexico is caused by individual geographic and political factors Main

Poverty in mexico is caused by individual geographic

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Poverty in Mexico is caused by individual, geographic and political factors. Main cause of poverty is due to political economy of the coun The International Monetary Fund and World Bank-prescribed structural adjustment policies have been applied in Mexico because the government doesnʼt carry out enough policies to encourage successful development. They cannot, for these international institutions le money to Mexico on the condition that the nation open up its economy and cut social expenditures to repay the loans. The IMF and Wor programs are supposed to reduce poverty, but actually they are increasing it. Therefore, Mexico needs a new political economy designe Mexican economists and politicians, people who are committed to Mexico and to the future of its society.WTO Membership of trading pa increases the political costs of supplying administered protection. ECONOMIC FACTORS: GDP (official exchange rate): $1 trillion (2010 est.); $876 billion (2009); $1.088 trillion (2008). Per capita GDP (PPP method): $13,542 (2009 est.); $14,534 (2008). Annual real GDP growth: 4.5% (2010 est.); -6.5% (2009); 1.3% (2008); 3.3% (2007); 5.1% (2006); 3.2% (2005).
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10/15/19, 4)28 PM Pestle Analysis On Mexico Page 2 of 5 Inflation rate: 4.6% (2010 est.); 3.57% (2009); 6.5% (2008); 3.8% (2007); 3.4% (2006); 3.3% (2005). Natural resources: Petroleum, silver, copper, gold, lead, zinc, natural gas, timber. Agriculture (4% of GDP): Products–corn, wheat, soybeans, rice, beans, cotton, coffee, fruit, tomatoes, beef, poultry, dairy products, woo products. Industry (31% of GDP): Types–food and beverages, tobacco, chemicals, iron and steel, petroleum, mining, textiles, clothing, motor vehic consumer durables. Services (64% of GDP): Types–commerce and tourism, financial services, transportation and communications. Trade (goods): Exports (2009)–$230 billion f.o.b. Imports (2009)–$234 billion f.o.b. Exports to U.S. (2009)–$185 billion (80% of total). I from U.S. (2009)–$112 billion (48% of total). Major markets–U.S., EU (5% of total), Canada (3.6% of total). Economic section deals with the economic story of a country that provides a balanced assessment of significant macro-economic issue Economic factors refer to the character and direction of the economic system within which the firm operates. Economic factors include balance of payments, the state of the business cycle, the distribution of income within the population, and governmental monetary and policies. The impact of economic factors may also differ between industries. Foreign direct investment (FDI) in Mexico for 2009 was $14.4 billion, down 51% from the previous year. The Mexican Government estima FDI for 2010 is $15 billion to $20 billion. Mexico is classified by the World Bank as an upper-middle-income country. Poverty is widespread around 44% of the population lives b the poverty line and high rates of economic growth are needed to create legitimate economic opportunities for new entrants to the work The Mexican economy in 2009 experienced its deepest recession since the 1930s. Gross domestic product (GDP) contracted by 6.5%,
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