A brief insight into Mexico’s economic system.
This paper provides facts about Mexico in particular its economic setup, industries, imports, exports etc. It discusses how since World War II, Mexico has enjoyed considerable economic growth particularly in agriculture and how cotton, coffee, sugar and tomatoes are the country’s major export crops. Since Mexico is a country rich in minerals and petroleum reserves, industries manufacture iron and steel and other products. It examines how Foreign Direct Investment (FDI) plays a huge role in Mexico’s economy as does tourism and how these economic factors have all contributed to the growth of Mexico over the last several decades. It analyzes Mexican trade policy and government intervention in policy planning.
`Mexico has substantial mineral resources, including immense petroleum reserves and zinc, sulfur, silver, antimony, copper, and manganese (OECD Paris, 1999). Leading industries, which are usually found in Mexico’s larger cities, manufacture iron and steel, motor vehicles, engines, processed foods, beverages, tobacco, refined petroleum and petrochemicals, chemical fertilizers, and other products.. The country is also known for its handicrafts, including pottery, woven goods, and silverwork. Mexico’s chief ports are Veracruz, Tampico, Coatzacoalcos , Mazatln, and Ensenada.`