Here is the synopsis of our sample research paper on MEXICO, ECONOMIC STATISTICS & GROWTH DIAGNOSTICS. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 6-page paper applies theories from Hausmann's paper "Growth Diagnostics" to the Mexican economy. Bibliography lists 3 sources.
Page Count:
6 pages (~225 words per page)
File: D0_MTmexiecon.rtf
Buy This Term Paper »
Unformatted sample text from the term paper:
a wall or rounding up and deportation. Rather, the best way to spur such reform is to make Mexico a country with economic opportunity. This means reforming the Mexican economy.
On the surface, such a move sounds like a simple thing. Free market conditions, its believed, will help spur economic reform. So-called "Western" policies point out that a general
case of economic reform involves market demand. Increase market demand, the saying goes, and you increase production. Increase production, and you create more jobs. More jobs means more money to
buy things, leading to more demand, and more products. This type of model drives consumption, thereby driving production, thereby creating more opportunity for growth. However, as Hausman et al
(2004) point out, such models assume perfect capital markets and equal consumer spending. The criticism of these economists is that reform stimulus packages focusing on job creation and spending ignore
a salient fact, namely that of resource distribution (Hausman et al, 2004). As a result, typical reform packages are the "free market" version, but tweaked to fit the particular country
in question. For example, the authors refer to one package called "do as much reform as you can, as best you can," which puts out a laundry list of reform.
The authors note that the main problem with this is the impression that any reform is better than no reform at all -- and the deeper a reform in a
particular area, the better for the overall economy (Hausman et al, 2004). Another is what the authors dub "wholesale reform," in other words, doing away with the current system
and implementing the free market one (Hausman et al, 2004). In a perfect world, one could move in this direction, but the authors point out that no economic lives in
...