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Essay / Research Paper Abstract
An 8 page paper discussing the present state of Mexico’s economy as well as likely future directions. Mexico’s economy has experienced wide swings in prosperity during the 1990s, and some of the promise of free trade has diminished in the past several years. Chinese manufacturing presents real threat to Mexico’s manufacturing industries, but little has been mentioned about Mexico’s other industries. If Mexico’s true advantage lies in just-in-time production, then it should be able to expand on that advantage. Manufacturing contracts with Chinese manufacturers require lead times stretching into years, and Mexico’s ability to be more responsive to customers may indeed be one of its most desirable characteristics. Bibliography lists 8 sources.
Page Count:
8 pages (~225 words per page)
File: CC6_KSmexicoEcon.rtf
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Unformatted sample text from the term paper:
wide swings in prosperity during the 1990s, and some of the promise of free trade has diminished in the past several years. Overall, however, Mexico appears to be on
an upward trend, at least if it will continue seeking to increase its competitive advantage in the world market. Global Status The most
recent year for which per capita income figures appear to be available is 2001, when Mexicos per capita income was $9,000 (Mexico, 2003). This figure represents a decline from
the previous year, when it was $9,023 (Per-Capita Income Throughout the World, 2003). Rather than heralding some long-term decline in the nations economy, this slight decrease most likely is
in response to the advent of recession in the United States, which accounts for 88.4 percent of Mexicos exports (Mexico, 2003). The movement
is contrary to Mexicos efforts to become a developed economy, however. A "less developed" economy is one in which per capita income is less than $9,266, the point at
which the World Bank considers an economy to be a high-income one (What Is An Emerging Market?, 2002). Per capita income can be either above or below this mark
in an emerging market. An emerging market is "a country making an effort to change and improve its economy with the goal of
raising its performance to that of the worlds more advanced nations" (What Is An Emerging Market?, 2002). In this sense, an emerging market country does not have to be
poor to qualify for the distinction, but it certainly is one in transition. It is this uncertainty of transition or lack of a long history of focus on economic
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