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Mexico Economic Ideology

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Economic Ideology in Mexico
Mexico has being rank as the 12th country in the world in regards to Gross Domestic Product by the World Bank. Besides that, Mexico is the region with the highest income per capita and is categorized as upper-middle income country. Mexico has a massive flip-over by changing the economy flow and improving infrastructure after the economic crisis during 1994-1995. Based on the information from the director of World Bank from Columbia and Mexico, destitution level has decrease by 6.6% in the urban area and 14.1% in the rural area.
Mexico has wide range of free market economy with the combination of modern and old-fashioned business and agriculture. They are governed and control by the private corporation in Mexico. …show more content…

The distribution of income is very unequal and unorganized.
The Gross Domestic Product was increased by 6.9% in 2000 but it fell by 0.3% in 2002 when the government of the United States slackens the principal cause. In 2001, Mexico experienced a positive development in their economy by many factors such as a huge reduce in interest rates, a decrease in Mexico inflation to 6.5%, and also a strong value of currency that appreciated 5% against the value of US currency which is USD. The trade has being tripled after the implementation of NAFTA in 1994 between the United States and Canada. Mexico is the first country that has free trade market in the world. The 12 Free Trade Agreements have improvised for more than 40 countries including the European Union and Japan. However 85% of the trade is still done with the United States. The government believes that Mexico will become less depend on the US if they are able to place more than 90% of trade with other different countries under the free trade …show more content…

The Amerindian language is only used by about 7% of the population. 62 different Amerindian languages have been officially recognized by the government. Based on the 62 Amerindian languages, Nahuatl and Maya are the most famous among others, which are spoken by 1.5 million of the population for each of them. However, the others such as Lacandon is the language that only spoken by not more than 100 population in Mexico. Bilingual education programs have been generated by the Mexico government in the town and city areas.
Most of the businesses that carry out in Mexico are in English even though the official language of Mexico is Spanish. The skills and abilities of English language are very important in Mexico and the workers with good English language skill can get higher salary from the company or working firms.
In the border of U.S. and Mexican, the use of English is very important and common. Most of the private schools in Mexico are carrying out the bilingual education program for the students. The students are able to learn both Spanish and English in the primary

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