Issues in Mexico

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When we hear discussions or read articles about drug wars, killings, and illegal immigration into the United States, many of us immediately think of Mexico. As a nation, Mexico is a much greater country than these commonly referred to issues. Mexico is a country with a broad history, deep family culture, and an economy fueled by oil and tourism. The United States Department of State (USDS) offers a broad range of information on countries outside the US, including Mexico. I found a wealth of information about Mexico through the USDS Background Note provided on their website located at www.state.gov. I will outline for you the key information found in this report, and others, related to the Mexican economy, culture, and more.

The economy of Mexico is vastly diverse, much like that of the United States. Mexico has many different sources of economic revenue including tourism, oil, agriculture, and the automobile industry. The USDS website reports the percentage breakdown of Mexico’s gross domestic product (GDP), with the largest portion (61%) coming from the service sector. The site defines the service sector as commerce and tourism, financial services, transportation and communications. In 2010, Mexico attracted 21.3 million tourists, making it the 10th most visited destination in the world. The remaining portion of GDP is broken down between industry and agriculture. Industry accounts for (31%) of GDP and is defined as a combination of food and beverage, tobacco, chemicals, iron and steel, and others. The remaining 5% of GDP comes from agriculture, with the top three crops being corn, wheat, and soybeans. Mexico also has a variety of natural resources including petroleum, silver, copper, and gold, which is included under...

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Works Cited

United States Department of State. (2011). Background Note: Mexico. Retrieved from : http://www.state.gov/r/pa/ei/bgn/35749.htm

Geert Hofstede, Culture’s Consequences: Comparing Values, Behaviors, Institutions, and Organizations Across Nations. Second Edition, Thousand Oaks CA: Sage Publications, 2001

Geert Hofstede, Gert Jan Hofstede and Michael Minkov, Cultures and Organizations: Software of the Mind. Revised and Expanded 3rd Edition. McGraw-Hill 2010.

Unknown. Unknown. Remittances. Dictionary.com. Retrieved from: http://dictionary.reference.com/browse/remittances?s=t

Kehoe, Timothy J. (November 2010). Why Economic Reforms Have Not Generated Economic Growth in Mexico. Kim J. Ruhl Department of Economics, NYU Stern School of Business. Retrieved from http://www.kimjruhl.com/storage/data/KehoeRuhlJEL.pdf

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