It is a highly controversial topic, specially among Mexicans. But the four most likely include:
After the Mexican War of Independence against Spain (1810-1821), most of Mexico's economy reverted to subsistence levels, due mostly to Spanish capital fleeing the country. This changed Mexico from one of the most successful countries in the world to one of the most pauper in just a couple of decades.
Internal turmoil between conservatives and liberals kept a weak government and institutions. As an example, between 1821 and 1841, more than 30 people took charge and were quickly deposed as presidents of the country. This of course, resulted in poor and changing policies and high government costs, such as military expenses.
Successive internal wars and foreign invasions from the United States (1846) and France (1862) further weakened Mexico and increased its foreign debt to astounding levels.
The Mexican Revolution (1910-1921) caused more than 1 million dead to a country with no more than 11 million people. After the conflict, a "land redistribution policy" ensured rich and productive lands were given to ignorant, poor people who didn't know what to tho with them; ultimately becoming highly dependent on governmentsubsidiesto keep subsistence farming practices.
Economic development is the institutional changes made to promote economic betterment. It is the social organizational changes made to promote growth in an economy. It is also the process of improving the quality of human life through increasing per capita income, reducing poverty, and enhancing individual economic opportunities. In other words, the process of improving the quality of human life through increasing per capita income, reducing poverty, and enhancing individual economic opportunities is called economic development.
it is improving
The main economic resource of difficulty is scarcity of resources.
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Yes.
Economic underdevelopment refers to a country or society with limited economic opportunities. This could mean few job opportunities, no healthcare system, limited food and water, as well as lack of schooling.
economic opportunities
to gain economic opportunities
expansion
Economic opportunities after the War of 1812 included growth of the textile industry in most places. This is what translated into the increased production of cotton.
protected citizens during periods of economic difficulty.
the three main goals are 1)improving political stability, 2) improving economic diversity and 3) improving education and services.