Essay on Heheh

3556 Words Dec 27th, 2012 15 Pages
background: The site of advanced Amerindian civilizations, Mexico came under Spanish rule for three centuries before achieving independence early in the 19th century. A devaluation of the peso in late 1994 threw Mexico into economic turmoil, triggering the worst recession in over half a century. The nation continues to make an impressive recovery. Ongoing economic and social concerns include low real wages, underemployment for a large segment of the population, inequitable income distribution, and few advancement opportunities for the largely Amerindian population in the impoverished southern states. Elections held in July 2000 marked the first time since the 1910 Mexican Revolution that the opposition defeated the party in government, the …show more content…
Economy
According to the World Bank, Mexico is the 12th nation in the world in regards to GDP (Gross Domestic Product) and the highest per capita income in that region; and is firmly established as an upper middle-income country. Since the economic debacle of 1994-1995 the country has made an impressive recovery, building a diversified economy and improving infrastructure. According to the director for Colombia and Mexico of the World Bank, the population below the poverty level has decreased from 24.2% to 17.6% in the general population and from 42% to 27.9% in rural areas
Mexico has a free-market economy with a mixture of modern and outmoded industry and agriculture, increasingly dominated by the private sector. The number of state-owned enterprises in Mexico has fallen from more than 1,000 in 1982 to fewer than 200 in 1999. The administration of President Ernesto Zedillo (1994–2000) continued a policy of privatizing and expanding competition in sea ports, railroads, telecommunications, electricity, natural gas distribution, and airports which was initiated by his predecessors Miguel de la Madrid and Carlos Salinas.
A strong export sector helped to cushion the economy's decline in 1995 and led the recovery in 1996–1999. Private consumption became the leading driver of growth, accompanied by increased employment and higher wages. Mexico still needs to overcome many structural problems as it strives to

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