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No country in this world is fully independent from the rest. This is called interdependence, and it takes the form of foreign investment, trade and exchange of ideas and movement of people (Immigration/emigration).
In the case of Mexico, it has a large dependence towards other countries for export of its own products as well as sources of foreign direct investment, including the United States, the European Union (especially Spain, the Netherlands and the United Kingdom) and Japan.
Wiki User
∙ 10y ago
Wiki User
∙ 10y agoThere is no "self reliant country" in the world, because no place on Earth has every resource, climate or population characteristics to be fully self reliant. In this case, Mexico is dependant on other countries for economic reasons.
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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 some statistics of Mexico?
It depends on what are you looking for. Demographics? Economy? Geography? See related questions for some answers.
Is it safe to vacation in Riviera Maya?
Yes, is one of the safest spots in Mexico, as most of its economy depends on tourism.
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".
Which country is not a transitional economy?
mexico
What type of economic system does mexico have?
Mexico has a free market economy.
Why does Mexico have a traditional economy?
Mexico has a mix of traditional (i.e: made by hand or with little help from automated work) and modern economy. This is the reason it is considered an emerging market.
Does Mexico have a capitalist traditional or command economy?
Mexico has a traditional capitalist economy, transitioning to a modern capitalist one -- Mexico is an Emerging Market (EM), or Newly Industrialized Country (NIC).Mexico has never been a command economy.
Is Mexico's economy based on agriculture or industry?
It is neither. Mexico's economy is based on the services and commerce sector, which accounts for 69.5% of Mexico's national income and employs 58% of the labor force.
Does Mexico have microwaves?
no they do not because of their poor economy.
