0
Mexico is an "emerging market", "developing country" or "newly industrialized country" because although it is the tenth largest economy in the world (USD$2,143 billion for 2015), it has an ongoing industrialization, where agriculture activities are still important but are rapidly being outpaced by industrial (specially manufacturing) activities. This means Mexico is not fully developed, as 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 those countries found in Sub-Saharan Africa.
For instance, 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. For Mexico, which is composed by 31 states and one federal district, the Federal District and Nuevo Leon had the highest HDI in 2004 (0.8837 and 0.8513, respectively), while the lowest corresponded to Chiapas (0.7185) and Oaxaca (0.7336). As a comparison, the Federal District and Nuevo Leon indexes are equivalent to those of the Czech Republic and Lithuania while Chiapas and Oaxaca correspond to those of Vietnam and Iran.
On a municipality level, this contrasts are much more dramatic: The Benito Juarez district (Federal District), the San Pedro Garza Garcia municipality (Nuevo Leon) and the San Sebastian Tula municipality (Oaxaca) have the highest HDI in Mexico (0.9509, 0.95, 0.9204, respectively) which correspond to the life quality levels of Norway, Australia and Spain. By contrast, Tehuipango (Veracruz, 0.4985), Coicoyan de las Flores (Oaxaca, 0.4768), Batopilas (Chihuahua, 0.4734) and Cochoapa el Grande (Guerrero, 0.4354) correspond to the quality of life of Madagascar, Haiti, Kenya and Benin.
Therefore, until Mexico attains certain "threshold of development" where all its people has a certain quality of life, it will continue to be considered a "developing country".
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
Who is typically involved in the third or final stage of economic development?
big companies
Is economic growth necessary for economic development?
Economic growth is necessary for economic development but not a sufficient proof of economic development. The improvement of people's living condition is a greater assessment of economic development.
What are the nature of Economic development?
nature of economic development
What are the distinctions between economic growth and economic development?
Economic growth is the growth of people which causes economic development, the growth/development of cities/towns. (i.e. businesses and buildings)
What is economic retrogression?
the development of economic
Is lack of economic development a pressing problem for Mexico?
Yes. That is why Mexico is considered a developing country.
Who is typically involved in the third or final stage of economic development?
big companies
Was the The Porfiriato a period of unprecedented freedom and rapid economic development in Mexico?
False
What is Mexico staus?
In terms of what? For example, its status in terms of economic development is that of an "emerging market".
What are the stages of frontier development?
There are typically four stages of frontier development: exploration, pioneering, establishment, and development. During the exploration stage, individuals or groups venture into uncharted territory. The pioneering stage involves the initial settlement and development of infrastructure. The establishment stage sees the creation of institutions and a more formal society. Finally, the development stage focuses on economic growth and sustainability.
What has the author Stephenie Foster written?
Stephenie Foster has written: 'Economic development in the U.S.-Mexico border region' -- subject(s): Bibliography, Economic conditions, Foreign economic relations
What has the author Joseph S LaCascia written?
Joseph S. LaCascia has written: 'Capital formation and economic development in Mexico' -- subject(s): Economic policy, Economic conditions, Saving and investment
Is economic growth necessary for economic development?
Economic growth is necessary for economic development but not a sufficient proof of economic development. The improvement of people's living condition is a greater assessment of economic development.
How has its location affected Mexico's economic development?
Mexico's location has both helped and hindered its economic development.It has helped Mexico's development because it is strategically located between the Pacific Ocean and the Gulf of Mexico, it is crossed by the Tropic of Cancer which allows a large variety of climates -- thus enabling several types of vegetation and crops -- and its location between several tectonic plate boundaries has allowed a vast richness of minerals, such as oil, copper, silver and gold.It has hindered Mexico's development because the plate tectonics mentioned above have resulted in a rugged topography and harsh climates (subtropical deserts and rainforests) which are much more difficult to develop than say, temperate grasslands.Finally, Mexico's strategic position and vast natural resources have resulted in several economic powers -- such as France, Spain, England and the United States -- preying upon Mexico for centuries. Defensive war and conflict are not good for economic development, especially for struggling economies such as Mexico.
What are the nature of Economic development?
nature of economic development
What has the author Denis Goulet written?
Denis Goulet has written: 'Development ethics at work' -- subject(s): Economic assistance, Moral and ethical aspects, Moral and ethical aspects of Economic assistance, Moral and ethical aspects of Technical assistance, Technical assistance 'The myth of aid' -- subject(s): Economic assistance, Economic assistance, American 'Survival with integrity' -- subject(s): Economic policy, Social policy 'The uncertain promise' -- subject(s): Technology transfer 'Is gradualism dead?' -- subject(s): Social change 'Mexico, development strategies for the future' -- subject(s): Cultural policy, Economic development, Economic policy, Social aspects, Social aspects of Economic development, Social values 'Three rationalities in development decisions' -- subject(s): Social values, Philosophy, Economic development, Economic development projects, Case studies
Which was not an economic effect of colonization?
Which of the following was not an economic effect of colonization? Global economic development
