The Country Of Mexico, Economy, Economic Growth, And...

Abstract My research paper will briefly describe the country of Mexico by giving an overview of the country, their history, system of government, and their economic system. I will be reviewing which stage of the economic business cycle (peak, depression, trough,or recession) the country of Mexico is in and what the main reasons why they are presently in this stage. I will then elaborate on one of the possible causes and how it has affects Mexico’s GDP (gross national product), pricing structure, job market, economic growth, and international balances. Lastly, I will give my suggestions about some possible solutions to how Mexico can correct the challenges that have occurred and are occurring within their economy. Keywords: Mexico,†¦show more content†¦In this essay, I will be going into how the U.S. economy trade has been helping Mexico get out of depression and make their way through this period of recovery. Country’s Overview and Brief History Mexico is almost three times the size of Texas. â€Å"Its capital is Mexico City, which is located in the central southern part of the country† (Encyclopedia of the Nations). Mexico’s population is filled with people of many different heritages, such as Indians, Caucasians, Hispanics, and Africans. Even though the Mexican population is so diverse their primary language is still Spanish. Mexico used to have very high death rates, but because of new medications and ways of sanitation slowly being introduced the death rate has lowered significantly. Some of the main industries in Mexico are mining, manufacturing, tourism, retail and financial services. Also found on the Encyclopedia of the Nations website are Mexico’s main exports and imports. The country’s main exports are manufactured goods, oil and oil products, silver, cotton, and coffee. Their main imports are machinery, electrical equipment, car parts for assembly, repair parts for motor vehicle s, and aircrafts and aircraft parts. Mexico’s economy depends a great deal on the money sent to them from family and friends who left Mexico to become migrant workers in the United States. Drug trafficking is also a big issue in Mexico. It is a business which brings