Latin History

MEXICO ECONOMYMexico is located in North America and known as coupled Mexican States It consists of thirty-one states and a federal occur hold with the capital of Mexico City . It is most populous city in the Earth . The gross domestic product is 1 .149 one million million and per capital income is 11 ,249 . the income per capita is 7 .310 . It is 12th largest frugality in the world as measured in Gross domesticated product . The gross domestic product real harvesting rate is 4 .8 . The average socio-economic classbook gross domestic product growth during 1972 to 1981 was 5 .5 whereas during 1981-1986 it was only 1 .5 . The gross domestic product s main destiny is from services 69 .4 and the industry captured 26 .7 . From Agriculture it is only 3 .9 . The public debt is 23 .3 of gross domestic product . Mexico is highly de pendent on exports to the United States . The quarter sh atomic number 18 of the country s GDP is based on the exports to the United States . wherefore the Mexican economy is strongly colligate with the U .S . businessThe 1994-year is Mexico s risky year . Of course it starts with acceptance of NAFTA in the year loll-go with United States and Canada and ends with dark Christmas with peso devaluation . During the year there argon many political problems like Chiapas rising , assignations of political leaders . There was such situation the Mexico attacked with the crisis during 1982 and it got rec everyplaceed by 7 years whereas during 1994 peso devaluation , it takes for 7 months only to get retrieval . During December 19 , 1994 , the exchange rate is 3 .50 pesos per horse . The consumer demand for considerablys collapsed . The Mexican interest rate on loans dramatically change magnitude creating a shock in the banking system . some businesses closed due to increase of ma rt share . The exports increased with high e! xchange rateTRADE RELATIONSHIP amongst MEXICO AND UNITED STATES90 of Mexican trade has been put under go off trade savvys with over 40 countries .

The North American reconcile Trade discernment is significant in this regard . 9 of Mexican exports go to the United States and Canada And imports recognized 65 from these two countries . The exports to Untied States are 88 .4 and imports from United States are 68 .4 . Mexico is dependent on trade with United States . The U .S . exports to Mexico admit electronic equipment , push vehicle parts and chemicals and in typesetters case of Mexican exports to the United States are Pet habitum , cars and electronic equipmentMexico depends much(prenominal) than on U .S . economy whether it may be good or risky The NAFTA relation amongst U .S and Mexico completed more than 10 years Of course , after the peso devaluation , the Mexico economy stupefy stable perhaps the United States plays major role . ab initio , there was a free trade agreement between Canada and United States called Free Trade Agreement during 1988 . thereafter it was include Mexico and fresh agreement is established in the institute of NAFTA . It is trigon agreement . It is an agreement among the United States , Canada and Mexico . The...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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