What's the deal with Mexico?
sarah
2012/05/15 11:23:30
Mexico's $600 billion economy is now the world's ninth-largest. Trade volume has nearly tripled since the 1994 North American Free Trade Agreement (NAFTA), placing Mexico ahead of Britain, South Korea and Spain as a trading power.
Mexico's state-run oil monopoly, Pemex, is one of the world's largest oil companies. Beaches from Los Cabos to Cancun draw 20 million tourists a year, making the country one of the world's 10 premier vacation destinations.
With so many advantages, why are so many of its people still so poor?
The swelling ranks of the middle class are crowding new Wal-Marts, driving Nissan sedans and maxing out their Banamex credit cards. The new Mexican is the soccer dad shopping for a barbecue grill inside a Home Depot in booming Mexican cities like Queretaro. The middle class thrives in the country’s central highlands, in buzzing industrial cities that bear no resemblance to the violent border towns of the Rio Grande or tourist magnets such as Cancun.
This middle class is where NAFTA dreams came true, where billions in foreign investment have fostered an aircraft-manufacturing industry anchored by companies such as Bombardier Aerospace, General Electric and Siemens. Mexico's unemployment isright at 5%.
lack of a national rule of law..
to me, it is the mexican bandito mentality of both the cartel and the gov't / police / military.