Some of them would be:
Competitiveness: Even if Mexico has addressed competitiveness issues by improving its labor and fiscal laws, it still faces huge challenges when competing against the BRIC bloc (Brazil, Russia, India, China) for economic opportunities, markets and foreign investment from developed countries. As an example, in terms of competitiveness (2013), Mexico is ranked in the 53rd spot, out of 144 countries. For comparison purposes, it is better ranked than India and Rusia (59th and 67th positions, respectively) but worse qualified than China and Brazil (ranked 29th and 48th, respectively).
Security: The ever-scaling violence between drug cartels and police forces, as part of the "Mexican War on Drugs" (2006 - present-day). This conflict has put a severe strain in Mexico's resources, as demands for security have to be counterbalanced against other priority issues, like poverty or education. To date, there have been more than 120,000 dead since the conflict begun.
Education: Lack of education for most of the population, as only one in every 10 Mexicans completes college education. It is widely known in Mexico that the education minister does not work on improving the education of Mexican children, but to deal with the day-to-day issues of the Teachers Union, which is one of the most corrupt in the country. Nowadays, in terms of reading, mathematics and writing, Mexican students qualify as second-to-last against all OCDE countries (it is just barely ahead of Turkey)
Economy: World economic bust compounded with high dependence on the United States as receiver of Mexican exports. Although during recent years Mexico's economy has had a decent growth (3.9% in 2012), any downturn on the US economy would severely impact Mexico's potential growth. For 2014, Mexico is expected to grow only 1.5-2.0%
Poverty: Although Mexico is a world leader in hunger reduction, there is still a 5% of children under 5 suffering with malnutrition; according to the United Nations Development Programme, 17.6% of Mexicans (19.7 million for 2009) are below the poverty line. Using the asset-based definition of poverty, this number is much higher with 47-52% of the population below the poverty line.
Peak Oil: Current Mexican oil reserves are dwindling, with 7 years left to be completely gone. Recent energy reforms (2013) have been implemented to allow foreign investment into the gas and oil sector, including drilling in deep waters along the Gulf of Mexico, but results of such reform - lower prices, higher competitiveness and production - will not be seen for at least another 5 years
Corruption: Rampant corruption among public officers. Also, due to the war on drugs, there are high levels of corruption among police and armed forces, specially when dealing against drug cartels. This process has been known as "plata o plomo" (silver or lead) meaning the drug cartels threaten security officials to either accept bribes or be killed by the cartels' operatives
Environment: climate change and environmental degradation are a global issue, but Mexico is being hard hit, including more than 300 threatened species and several more already extinct, mostly due to habitat loss. Deforestation, erosion and desertification are also a present danger. Finally, pollution of soil and water sources are considered "contained", but nonetheless are a persistent issue.
economic obstacles Social and cultural obstacles political obstacles ECONOMIC OBSTACLES 1: lack of capital 2: use of backward technology 3: heavy debt burden 4: banking and financial crises 5: international crises 6: market imperfection
Yes. That is why Mexico is considered a developing country.
Economic Growth, High Population, Poor Development, Corruption
False
In terms of what? For example, its status in terms of economic development is that of an "emerging market".
Developing nations face obstacles such as lack of infrastructure, limited access to quality education and healthcare, political instability, corruption, poverty, and environmental challenges. These obstacles can hinder economic growth and development in these countries.
Stephenie Foster has written: 'Economic development in the U.S.-Mexico border region' -- subject(s): Bibliography, Economic conditions, Foreign economic relations
Joseph S. LaCascia has written: 'Capital formation and economic development in Mexico' -- subject(s): Economic policy, Economic conditions, Saving and investment
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.
Mexico hoped to gain increased economic development and protection of its northern territories by encouraging Anglo settlement in Texas.
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.
nature of economic development