Why is MEXICO the Best nation in Latin/Hispanic America ?

Question

You know what i mean.

7,000,000 U.S Citizens living in Mexico know what I am talking about! don't u?

Answer 1

If it is the best why do so many of them leave and enter USA illegally?

Answer 2

No, I do not know what you mean. - Do you??

Answer 3

best,what do you mean. they do nothing for their people.

Answer 4

Mexico is fortunate to have United States as its neighbor in the north benefitting economically with from it.  Thus, it is the best nation of Latin America.

Answer 5

Because Mexico is where Adam and eve were created.

Mexico is the paradise on earth.

Mexicans are the choosen nation by God.

Answer 6

Mexico is highly dependent on exports to the U.S., which account for almost a quarter of the country’s GDP. The result is that the Mexican economy is strongly linked to the U.S. business cycle. Real GDP grew by 3.0% in 2005 and is estimated to grow by 4.5% in 2006.

Mexico’s trade regime is among the most open in the world, with free trade agreements with the U.S., Canada, the EU, and many other countries. Since the 1994 devaluation of the peso, successive Mexican governments have improved the country’s macroeconomic fundamentals. Inflation and public sector deficits are under control, while the current account balance and public debt profile have improved. As of September 2006, Moody’s, Standard & Poor’s, and Fitch Ratings had all issued investment-grade ratings for Mexico’s sovereign debt.

Trade

Mexico is among the world’s most open economies, but it is dependent on trade with the U.S., which bought 86% of its exports in 2005. Top U.S. exports to Mexico include electronic equipment, motor vehicle parts, and chemicals. Top Mexican exports to the U.S. include petroleum, cars, and electronic equipment. There is considerable intra-company trade.

Mexico is an active and constructive member of the World Trade Organization (WTO). It hosted the September 2003 WTO Ministerial Meeting in Cancun. The Mexican Government and many businesses support a Free Trade Area of the Americas.

Trade disputes between the U.S. and Mexico are generally settled in WTO or North American Free Trade Agreement (NAFTA) panels or through negotiations between the two countries. The most significant areas of friction involve agricultural products including sugar, high fructose corn syrup, apples, and rice.

Agriculture

Mexico's agrarian reform program began in 1917, when the government began distribution of land to farmers. Extended further in the 1930s, delivery of land to peasants continued into the 1960s and 1970s at varying rates. This cooperative agrarian reform, which guaranteed small farmers a means of subsistence livelihood, also caused land fragmentation and lack of capital investment, since commonly held land could not be used as collateral. Additionally, only 12% of Mexico’s land area is arable, of which less than 3% is irrigated, which coupled with a general lack of economic opportunity in rural areas, have made it difficult to raise the productivity and living standards of Mexico's subsistence farmers.

Agriculture accounted for 4% of GDP in 2005, yet agricultural employment accounted for over 16% of total employment. However, the number of Mexican farmers is steadily decreasing as they seek greater economic opportunities from off-farm employment.

Poor availability of credit continues to plague agriculture. Agricultural loans were hard hit by the 1994 peso crisis and many private banks view agricultural lending, particularly to smaller producers, as too risky. Several government entities provide public credit to the rural sector, including Financiera Rural, a development bank dedicated to supporting agriculture.

In an effort to raise rural productivity and living standards, Article 27 of the Mexican Constitution was amended in 1992 to allow for the transfer of communal land to the farmers cultivating it. They then could rent or sell the land, opening the way for larger farms and economies of scale. Actual sales of communal land have been few and limited primarily to suburban areas where land values are high. One reason for the lack of sales may be insufficient community support, as some in the community have a vested interest in maintaining the communal land system.

Mexico subsidizes agricultural production through various support programs, the most notable being the PROCAMPO initiative. Since the early 1990s, the availability of program payments has shifted from primarily grains and legumes to all commodities, provided a farmer was producing during a certain base period. Total support program funding for 2004 was approximately $2.4 billion, with PROCAMPO payments of $88 per hectare for producers with more than five hectares and $100 per hectare for producers with 1-5 hectares.

Manufacturing and Foreign Investment

The manufacturing sector, which accounts for about 18% of GDP, grew by 1.2% in 2005. Construction grew by 4% in real terms in 2005, fueled by a boom in housing finance.

According to Mexico's Ministry of Economy, foreign direct investment (FDI) in Mexico for 2005 was $18.8 billion, down slightly from the year before. The U.S. was once again the largest foreign investor in Mexico, accounting for 66% of reported FDI. The most recent numbers released by Mexico show FDI for January through June 2006 at $8.7 billion

Answer 7

Best economically because most of their population works in America and sends their money home.

Answer 8

If you believe that many American live in Mexico, I feel sorry for you.

Answer 9

Why do you keep adding to the bogus number? There are 2 million in Mexico. Many are retired and taking advantage of the cheap cost of living and others work for American companies. What do legal Americans in Mexico have to do with 20 million illegals here?

Answer 10

It's not, Costa Rica is.

Answer 11

Who says they are...? Them? Ever heard of Belize,Costa Rica ? As sovereign nations of that part of the continent they do pretty well for themselves...and they're not sending their mutts to the US like locusts to earn money to send back to their corrupt govt. I've been to both nations and they beat those Mexican mutts hands down in terms of quality of life and economic strength,and the people in those two countries aren't looking for handouts or exporting their criminals to the US.

Mexico...pfffft!

Answer 12

Obsolete question.  What you have is an opinion, not a fact. If YOU think it is the best nation, then YOU need to provide the "why's."  I know of some Chileans who would disagree with you.  

Opinions can only be stated... not proved.

Answer 13

It's not. There are many Latin nations that are economically stronger than Mexico. Mexico's second highest source of revenue is money sent to Mexico by illegals who live in the US. And that will soon change.

Answer 14

Because Carlos Slim Helú (world's wealthiest man ) was born in Mexico   :)

Answer 15

Sorry, no I don't know that it is.  Please support your "question".  Thanks.