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How does Mexico's economic status help or hurt its economic system?
Wiki User
∙ 7y ago
Mexico is an "emerging market", "developing country" or "newly industrialized country". As such, many regions within the country have a quality of life equivalent to those of Western Europe, whereas there are other regions with education, life expectancy and economic advancement equivalent to Sub-Saharan Africa.
The EM status helps Mexico, because among developing countries, it is considered relatively stable on economic and political terms and has the conditions to be considered as having "investment grade".
However, EM status also hurts Mexico because on international forums, it is still not considered as part of the industrialized world. As such, it still has to abide to terms and conditions imposed by bigger economies, such as the United States.
Wiki User
∙ 7y ago
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