by weaker exports to the United States lower remittances and investment from

By weaker exports to the united states lower

This preview shows page 2 - 4 out of 5 pages.

by weaker exports to the United States; lower remittances and investment from abroad; a decline in oil revenues; and the impact of H1N influenza on tourism. Mexico is a major recipient of remittances, sent mostly from Mexicans in the United States. Remittances average around U.S. $21 billion year, and are the countryʼs second-largest source of foreign currency, after oil. Most remittances are used for immediate consumption–f housing, health care, education–but some collective remittances, sent from a U.S. community of migrants to their community of origin, a used for shared projects and infrastructure improvements. Mexico has grown with an annual average rate of 4%, even with the changes from an inward-looking developing economic strategy towa more open economy with a far-reaching trade liberalization program. Mexico is the United States second-largest export market and third-largest trading partner. Top U.S. exports to Mexico include electron equipment, motor vehicle parts, and chemicals. Trade matters are generally settled through direct negotiations between the two countr addressed via World Trade Organization (WTO) or North American Free Trade Agreement (NAFTA) formal dispute settlement procedure most significant areas of friction involve agricultural products as well as cross-border trucking. Mexico is an active and constructive mem the World Trade Organization, the G-20, and the Organization for Economic Cooperation and Development. The Mexican Government a many businesses support a Free Trade Area of the Americas. SOCIAL FACTORS: Social section enables understanding of customer demographics through income distribution, rural-urban segmentation and centreʼs of affluence, healthcare and educational scenario. Mexico is the most populous Spanish-speaking country in the world and the second most-populous country in Latin America after Portu speaking Brazil. About 76% of the people live in urban areas. Many Mexicans emigrate from rural areas that lack job opportunities–such underdeveloped southern states and the crowded central plateau–to the industrialized urban centers and the developing areas along th Mexico border. According to some estimates, the population of the area around Mexico City is nearly 22 million, which would make it the concentration of population in the Western Hemisphere. Cities bordering on the United States–such as Tijuana and Ciudad Juarez–and c the interior–such as Guadalajara, Monterrey, and Puebla–have undergone sharp rises in population in recent years.
Image of page 2

Subscribe to view the full document.

10/15/19, 4)28 PM Pestle Analysis On Mexico Page 3 of 5 The sociocultural dimensions of the environment consist of customs, lifestyles, and values that characterize the society in which the firm operates. Socio-cultural components of the environment influence the ability of the firm to obtain resources, make its goods and service function within the society. Sociocultural factors include anything within the context of society that has the potential to affect an organiz
Image of page 3
Image of page 4
  • Fall '14
  • none

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern

Ask Expert Tutors You can ask You can ask ( soon) You can ask (will expire )
Answers in as fast as 15 minutes