Analysis of the Mexican Economy

analytical Essay
4550 words
4550 words

Analysis of the Mexican Economy

I. Historical, Population, Culture, Political, and Economic Information


Mexico was the site of some of the earliest and most advanced civilizations in the western hemisphere. The Mayan culture, according to archaeological research, attained its greatest development about the 6th century AD. Another group, the Toltec, established an empire in the Valley of Mexico and developed a great civilization still evidenced by the ruins of magnificent buildings and monuments. The leading tribe, the Aztec, built great cities and developed an intricate social, political, and religious organization. Their civilization was highly developed, both intellectually and artistically. The first European explorer to visit Mexican territory was Francisco Fernández de Córdoba, who in 1517 discovered traces of the Maya in Yucatán. In 1535, some years after the fall of the Aztec capital, the basic form of colonial government in Mexico was instituted with the appointment of the first Spanish viceroy, Antonio de Mendoza. A distinguishing characteristic of colonial Mexico was the exploitation of the Native Americans. Although thousands of them were killed during the Spanish conquest, they continued to be the great majority of inhabitants of what was referred to as New Spain, speaking their own languages and retaining much of their native culture. Inevitably they became the laboring class. Their plight was the result of the 'encomienda' system, by which Spanish nobles, priests, and soldiers were granted not only large tracts of land but also jurisdiction over all Native American residents. A second characteristic of colonial Mexico was the position and power of the Roman Catholic church. Franciscan, Augustinian, Dominican, and Jesuit missionaries entered the country with the conquistadores. The Mexican church became enormously wealthy through gifts and bequests that could be held in perpetuity. Before 1859, when church holdings were nationalized, the church owned one-third of all property and land. A third characteristic was the existence of rigid social classes: the Native Americans, the mestizos, mixed Spanish and Native American (an increasingly large group during the colonial era), black slaves which were brought from Africa and the Caribbean, freed blacks and white Mexicans. The white Mexicans were themselves divided. Highest of all classes was that of the peninsulares, those born in Spain, as opposed to the criollos, or Creoles—people of pure European descent who had been born and raised in New Spain. The peninsulares were sent from Spain to hold the highest colonial offices in both the civil and church administrations.

In this essay, the author

  • Analyzes how eduardo valle, former aide to jorge carpizo, allegedly links government officials and drug traffickers to the assassination of presidential candidate colosio.
  • Explains that mexican investors took close to $11 billion dollars out of mexico in a few days in december 1994. political turmoil caused the collapse of the peso, requiring $20 billion bailout from the u.s.
  • Explains that a houston company exporting to mexico will find some difficulty selling its goods due to the unfavorable exchange rate. if the mexican businesses expect that the peso will devalue further, they may purchase big ticket items now.
  • Opines that mexico's economic austerity program is setting the stage for a solid and sustainable recovery from the recent financial crisis.
  • Analyzes how economic, political crisis shadows zedillo's first national address.
  • Analyzes dean, d., mexico doing right things to turn itself around, houston chronicle.
  • Describes marcos' communique to the national conference for peace.
  • Explains whalen's newsletter assassins in mexico, which provides litigation management, cross-border due diligence, and communications strategy with respect to mexico and other emerging markets.
  • Explains that mexico was the site of some of the earliest and most advanced civilizations in the western hemisphere.
  • Explains that the mexican church became wealthy through gifts and bequests that could be held in perpetuity. the peninsulares held the highest colonial offices in both the civil and church administrations.
  • Explains that the government favored the rich owners of large estates, increasing their properties by assigning them communal lands that belonged to the native americans.
  • Explains how mexico's expropriation laws, including the national railways, and the soil rights of oil companies, affected the mexican oil industry. the good neighbor policy of the united states was dominant in mexican politics.
  • Explains that mexico's economy grew at a healthy annual pace from 1970 to 1974, but growth decreased markedly and inflation rose substantially.
  • Explains the mexican population is composed of three main groups: the people of spanish descent, the native americans, and the mixed spanish and native american ancestry, or mestizos.
  • Explains that mexico consists of 32 administrative divisions—31 states and the distrito federal (federal district). the national executive power is vested in a president, who must be mexican-born.
  • Explains that mexican culture is a rich, complex blend of native american, spanish, and american traditions.
  • Explains mexico's economic achievements are the result of a vigorous private enterprise sector and government policies.
  • Explains that the mexican legislature ratified nafta in 1993, creating the largest free-trade zone in the world.
  • Describes how the zapatista national liberation army (ezln) captured four towns in the southern mexican state of chiapas and demanded better treatment for poor indians.
  • Explains that former mexican police commander fernando de la sota rodalleguez was a paid informant for the u.s. central intelligence agency in mexico city from 1990 to 1992.
  • Analyzes how mexico's social and civic institutions are crumbling under the pressure of drug-related lawlessness and corruption, factors that are making mexico a very dangerous place even for members of the ruling elite.
  • Explains that subcommandante marcos is the enigmatic spokesperson and highest army commander of the zapatista national liberation army.
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