Mexico Economy Mexico is one of the most important countries in Latin America. Mexico’s $2 trillion economy has quadrupled in size since the 1994 North American Free Trade Agreement (Miller, Kim, & Roberts, 2018). Trading for Mexico is significant to its economy, it’s combine value of exports and imports equals 78 percent of its Gross Domestic Products (Miller et al., 2018). Mexico has a 1.0 percent average tariff rate and some nontariff barriers impede the flow of goods. Despite global environment challenging Mexico’s financial sector has become more competitive. Mexico’s government continues to emphasize, sweeping energy, financial, fiscal, and telecommunications reform legislation with the long-term aim of improving competitiveness and economic …show more content…
The country overall economic development remains severely hampered by structural and institutional problems. Bolivia is heavily dependent on the hydrocarbon sector of its economy which lacks energy. Trade in Bolivia is significant for their economy; the combined value of exports and imports equals 57 percent of GDP. The prevalence of state-owned enterprises limits foreign investment. Bolivia’s financial sector remains vulnerable to state interference, with credit to the private sector expanding slowly. It capital markets are focused on trading in government bonds in hopes to boost the …show more content…
As such, the fostering of overseas alternate and overseas direct investment (FDI) is main to broaden GDP progress, create job opportunities, and give a boost to logistics and construction. Within the pursuit of financial and social progress, state-of-the-art economies are implementing new laws to increase strategies aimed at attracting new investments and facilitate alternate. Listed here, we analyses the principal regulatory instruments that Latin American countries are setting up, with the aim of bettering their monetary and social stipulations, and ultimately consolidating Latin America as a region open to industry with beneficial stipulations for the development of excessive-value funding