Slides in this set
· 13th largest in the world in nominal terms
· 11th by purchasing power parity
· one of the Latin American nations most
affected by the 2008 recession with its GDP
contracting by more than 6
· Inflation : 3.6%…read more
· Mexico's labor force is 78 million.
· The OECD and WTO both rank Mexican workers as the hardest
working in the world, in terms of the amount of hours worked
yearly and profitability per man-hour.
· Jobs in Mexico are service industries, banking, farming, tourism,
seaports, railroads, gas distribution, pottery, basket making, oil rig
workers, hotel workers, government workers, and construction
· Unemployment : 6.2%
· Majority work in services (55%)…read more
· Trade in Mexico includes clothing, pottery, blankets,
corn, wheat, beef, dairy products, and wood
· There is a free trade agreement between Canada, the
United States, and Mexico.
· It is an agreement that says trade is free between
Mexico, Canada, and the United States.
· Businesses in Mexico are seaports, railroads, airports,
telecommunications, and manufacturing.
· Industries in Mexico are food, tobacco, iron, steel,
automobiles, clothing, and more.…read more
· Economic growth is forecasted to remain at 3.9% in 2012
and is expected to slow down next year to around 3.6%
· Growth is driven by private consumption and investments
(boosted by relatively stable inflation and credit growth).
· Oil prices could decline upon a weaker global economic
growth, having an important impact on Mexico's public
finances next year.
· Manufacturing exports continue to have a strong
performance at annual growth rates of above 10%, led by
the automotive sector which accounts for over a quarter
of exports.…read more
How is Mexico becoming more global?
· As an export-oriented economy, more than 90% of
Mexican trade is under free trade agreements (FTAs)
with more than 40 countries, including the European
Union, Japan, Israel, and much of Central and South
· The most influential FTA is the North American Free
Trade Agreement (NAFTA), which came into effect in
1994, and was signed in 1992 by the governments of
the United States, Canada and Mexico.
· In 2006, trade with Mexico's two northern partners
accounted for almost 90% of its exports and 55% of
its imports…read more