|state of mexico economy||0.47||0.4||9460||81|
What's wrong with Mexico's economy? Indeed, Mexican government corruption is rampant and costly. The Mexican Institute for Competitiveness calculated that each year, corruption costs the country between 2% and 10% of its GDP, reduces foreign investment by 5%, and wipes out 480,000 jobs from small and medium-sized businesses.What are facts about the economy of Mexico?
Foreign trade is a larger percentage of Mexico's economy than any other large country. Mexico's No. 1 export is manufactured products. It also exports silver, fruits, vegetables, coffee, and cotton. Mexico is the world's eighth largest producer of oil, at almost 3 million barrels per day.What kind of economy does Mexico have?
Main characteristics of the economic system of Mexico Mixed economic system: market economy and planned economy. There are private companies and public companies such as PEMEX. A productive system focused on exports. An economy composed of 3 large economic sectors. Private property.Is Mexico a traditional economy?
Mexico has a free-market economy with a mixture of modern and traditional industry and agriculture, increasingly dominated by the private sector. Until the mid-1980s, state regulation of the economy and protectionist policies were influential, but since then the Mexican economy has experienced deregulation, internationalization, and privatization.