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What are the chances that Nicaragua will catch up to Mexico in indicators of standard living?
It is not possible, at least for now. Nicaragua however, can reach a decent standard of living comparable to present-day Mexico by 2050.
The Human Development Index (HDI) is a ranking created by the United Nations Development Program (UNDP) to measure countries or regions according to three basic population parameters: health, education and income. During 2010, Mexico had a score of 0.770 while Nicaragua had a HDI of 0.593. For comparison purposes, Mexico had a standard of living equivalent to that of Panama or Costa Rica (scores 0.780 and 0.773, respectively) while Nicaragua was more akin to Namibia or Morocco (scores of 0.608 and 0.591). During that same year, the country with the highest score was Norway with an HDI of 0.952, while the lowest was Niger, with a score of 0.298.
According to current HDI growth rates for both countries, Mexico will become a country with a standard of living akin to that of developed countries by 2060, reaching a normalized HDI of about 0.878, comparable to that of present-day Spain. Using the same trends, Nicaragua will have a HDI of 0.676 by 2060, equivalent to present-day Bolivia. For Nicaragua to reach the HDI equivalent to that of present-day Spain or Mexico of 2060, it will require another 50 years, reaching the health, education and income levels of a developed economy no earlier than the year 2110.
Much credit to the extra work done to answer a difficult question. The UN's HDI method is at least an attempt to answer important questions about the future prospects of various nations. In gauging standards of living, economics plays an important role. The problem of using the UN's method is that for all practical purposes, predicting the future in world economics is near to impossible. Included in the problems of HDI, is the fact it cannot take into consideration the impact of politics on economics.
Using the HDI is an attempt to track the ever moving changes in two countries. Here it's Mexico & Nicaragua.
As an example, Mexico's huge oil reserves cannot be accounted for. Foreign investment is impossible to predict.
A very pertinent example of this is the fact that economists have been surprised that nations such as Greece have made their current account deficits in Euros improve as rapidly as it has.
What else can I help you with?
Is Nicaragua in Mexico?
NO. Nicaragua and Mexico are two distinct countries.
Is Mexico or Belize or Nicaragua largest?
Mexico is the largest country out of Mexico, Belize, and Nicaragua.
Is niquara part of Mexico?
I guess you mean Nicaragua. No it is not: Nicaragua is an independent country that split up from Mexico on 1823.
What is farther east capital of cuba capital of Nicaragua capital of Mexico?
Havana, Cuba is further east than Mexico City, Mexico and Managua, Nicaragua.
Are you Mexican if your from Nicaragua?
No, You're Mexican If You're From Mexico and Nicaraguan If You're From Nicaragua.
Which of these countries is nearer to Mexico Nicaragua or Costa Rica?
Definitely Nicaragua, by any interpretation.
What Mexican city is near the boarder of Nicaragua?
None. Mexico does not border Nicaragua; the United States, Guatemala and Belize are bordering countries of Mexico.
Did Mexico have a war against Nicaragua?
No. Ever.
Is Mexico bigger than Nicaragua?
Yes. Nicaragua has an area of 130,373 square kilometers (50,337 square miles), while Mexico has 1,972,550 square kilometers (761,606 square miles). More than 15 countries the size of Nicaragua can easily fit inside Mexico.
Is Nicaragua a part of Mexico?
No Nicaraugua is a separate country.
Which is further east the capital of Cuba or the capital of Nicaragua and what are the name of the names of the 2?
Havana, Cuba is further east than Mexico City, Mexico and Managua, Nicaragua.
Which of these north american countries has the largest land area----Belize Honduras or El Salvador?
In order of Largest - Smallest: Mexico,Nicaragua,Belize
