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At the beginning of the 20th century Mexico was a raw materials provider, mostly of minerals and oil. It was overwhelmingly agricultural, and the internal economy was quite undeveloped, due to a small population (13.6 million) and lack of any means of capitalization.
By the beginning of the 21st century, Mexico has become an emerging market with large manufacturing and services sectors; it still has many issues such as poverty and undeveloped agriculture, but it is the 11th largest economy in the world, in part due to a large population base (113 million) and an export-oriented economy.
What else can I help you with?
How has Mexico's economy changed over the recent years?
Mexico got new resources and got allies
What is New Mexico's economy based on?
Mexico's economy is largely based on Industry.
Who is the Secretary of Economy for Mexico?
Ildefonso Guajardo Villareal is the Secretary of Economy for Mexico.
What are three qualitys of a good president?
1) Economy Wise 2) Fun Wise 3) Budget Wise
Is mexico a stable goverment?
Mexico is economy and politicaly stable
Mexico is changing from an agricultural economy to what economy?
To an industrial economy. It has already began since the 1940's, but is not fully industrialized, which is why Mexico is still a "developing country".
What resource has changed Venezuela economy?
They use to rely on coffee, cacao or crops, but petroleum changed their economy in the 1920s.
How has the UK economy changed in the last 50 years?
It has changed from being a manufacturing led economy to being a service industry and financial centre led economy.
What type of economic system does mexico have?
Mexico has a free market economy.
How has westernization changed turkey's economy culture and government?
How has westernization changed Turkey's government culture and economy
Which country is not a transitional economy?
mexico
What is the definition of an efficient economy?
to use the system in a wise manner
