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Mexican Economy: The resources that help the Mexican economy include petroleum (oil), silver, copper, gold, lead, zinc, natural gas, and timber (CIA World Factbook). Mexico has a free market economy (into the trillions of dollars), featuring a mix of "modern and outmoded industry and agriculture," the CIA Factbook explains. Mexican leaders in recent years have expanded the country's airports, seaports, telecommunications, railroads, natural gas distributions and electrical generation, the CIA World Factbook reports.
The per capita income for Mexico is only a third of the per capita income of the United States, and the GDP (purchasing power parity) is an estimated $1.675 trillion (based on 2011 figures). The country's "real growth rate" (as of 2011) is 3.8%. By sector, the GDP is: 3.9% from agriculture; 32.8% from industry; and 63.4% from services (including tourism), based on 2011 data. An estimated 47.77 million people are in the Mexican workforce and 13.7% of those 47.77 million are in agriculture;...
But all that oil production notwithstanding, Mexico is not lagging behind in the technology field. According to Nathaniel Parish Flannery with Forbes Magazine, Mexican it exports will pass the $3.5 billion mark shortly, and Mexico's it sector today employs "more than 500,000 of the country's college graduates" (Flannery, 2011).
In closing, as to the violence in Mexico, "What you see in the papers has almost nothing to do with what is going on [elsewhere] in the country," said Rodrigo Martinez, CEO of it firm called b-connect. Ignore the "bad news," Martinez asserted, and understand that "The economy has grown at 4-5% in the last five years, inflation is low, and the peso is stable" (Flannery, 2011).
Works…
Works Cited
Central Intelligence Agency. (2011). Mexico. Retrieved May 23, 2012, from https://www.cia.gov.
Flannery, Nathaniel Parish. (2011). Violence on Mexico's Northern Border Not Stopping
Wave of Investment in Country's Booming it Sector. Forbes. Retrieved May 22, 2012, from http://www.forbes.com.
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