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The economic situation in Mexico

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Today Mexico has a leading position among developing countries. This is explained in different ways at first because of its favorable geographical position between the U.S. and Latin America. Indeed the country has experienced in recent years a remarkable economic growth and economic importance is placed by the second highest among the states of Latin America second only to Brazil.

Mexico is also supported by the wealth of his country. It has rich land and resources. The main crop is corn grown by both smallholders and by large farms larger and modern. Bean farming is as fundamental; with corn is the staple food in Mexico. The country is thus a major exporter of crude oil. This is the first producer in the world of money is extracted from very old mines. Mexico is among the world's leading producers of lead. Inside the territory, there are oil fields, refineries. The country is thus a major exporter of crude oil. Moreover, the addition of about six million tourists each year visit the country is significant and shows the importance of tourism for Mexico. It also has steel industries, textile, etc.

Thus we can say that the country occupies a prominent place in the global economy and international trade. But imports still exceed exports with respect to its trade balance. Despite that, Mexico still feels territorial and social imbalances and the state intervenes with many initiatives to reduce inequality and eliminate as many areas remained somewhat backward. But this does not diminish its current success.

This is why we chose this topic to learn and understand more about the reasons for its success and try to understand how this country has developed.
This country has relied mainly on the achievements of the revolution of 1910. The revolution broke out in November 1910 and killed the dictatorship established in1876 by a Porfiro Diaz; this led the country within ten years of civil war and unrest. During this period, February 5, 1917 at Querano, the supreme law was adapted and it was governing two still lives in Mexico. This Constitution, establishes a democratic, presidential and federal government (United States of Mexico), and has many articles on the economy and society.

In economic terms we can say that Article 27 of this Constitution establishes the right to direct and inalienable property of the nation on land, water and in the basement of the country. Indeed this article guaranteed the pay-without the right of ownership. Socially, meanwhile Article 123 states that the principles of establishing an advanced labor legislation: eight-hour day and ban on child labor under the age of twelve, equal pay for work equal freedom of association and right to strike, minimum wages. This shows that the country is beginning to return to major reforms and social progress. But the intervention of the state begins in the 20 and 30 and is characterized by the development of means to state that it can promote and guide the growth.

Tags: economic growth, global economy, international trade, labor legislation

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