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Mexico's Cinderella

Essay by   •  July 10, 2013  •  Essay  •  713 Words (3 Pages)  •  1,433 Views

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MEXICO'S CINDERELLA MOMENT.

Mexico is placed as the 14th largest economy in the world and second in Latin America. It has a population of 112.3 million inhabitants and a GDP of 9,566 dollars per capita (which is above the average of Latin American countries). According to articles How Mexico Got Back in the Game by Thomas Friedman and Mexico: The Stranger Next Door by Andres Martinez, Mexico is having huge opportunities for economic growth. It has maintained a strong growth of 3.9% during 2012. And this has been supported by both external and internal demand, with a firmer expansion in services. This is absolutely true; Mexico has been in a position during almost six months where there have been a lot of positive critics about becoming a potentially enriching country.

Before the actual political administration (during Felipe's Calderon government), Mexico got stuck within an image of a very unfavorable and adverse country. The reason, was the war against drug trafficking. Mexico had been, during this six-period government, seen as a place where corruption and insecurity played an important role of everyday life. Even though that drug trafficking fight is far from over, the arrival of a renewed administration gave, in first instance, a view of a fresh emerging Mexico.

Mexico's proximity to the United States has given an enormous advantage for development. Although, Mexico is still closely dependent to the U.S. technology and industrial production, it has managed to rebuild and establish policies that will reinforce good financial conditions in order to achieve a more productive and efficient economical activity.

The administration of President Enrique Peña Nieto is trying to accomplish a set of reforms in certain sector that will allow erecting a more fixed political and economic system. This would eventually bring economic development and therefore substantial benefits for most of the Mexican population. The federal government proposed a strategy called Plan Nacional de Desarrollo. Its main objective is to strengthen the social pact through the participation of the citizen and reinforce the trust in the government.

To do so, the Estate has to focus the guarantee of social and civil rights, promote equal opportunities for each individual. This will eventually erase or diminished the negative opinion that the world has conceived during the recent years; a good image of Mexico is a good proposal to bring new investors to accelerate growth. Also, there's a significant role of the government in transmitting a Society of Knowledge and education for life, in order to generate a qualified workforce that is capable of adapting and solving any type of issues, this will bring into the table national innovation for many sectors. Mexico is looking forward to create a sustainable growth hand in hand with a productive environment of economic stability; this will allow the growth

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