Keyword Analysis & Research: state of mexico economy

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What's wrong with Mexico's economy?

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.

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