Why is Mexico the wealthiest country in Hispanic-America and Cuba the most impoverished ?

Question

free speech, Thx

Answer 1

Because Mexico is the chosen nation by God.

Mexico is a sacred nation.

God bless Mexico!

Answer 2

niether country i really like.

Answer 3

mexico is richer because it has like the 7th largest reserves of oil and the usa has helped pull the country to where it is now and it is following many american policies on their government, so Oil and America is why it is richest,

Cuba is not the most impoverished because it is like in the top ten most richest nations in north and south america(35 nations in all) the most impoverished with no competition is bolivia, who would rather grow cocaine than help its people

Answer 4

And here I thought it was Brazil.

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Life is so simple, but we insist on making it complicated

Confucius

551 - 479 BC

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Peace

Jim

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Answer 5

The wealthy, the poor, a system that extremely favors the wealthy. Any more questions ?

Answer 6

Cuba is not the most impoverished country is Hispanic America. It is Haiti where  people have anything to eat.

Mexico is not the wealthiest country in Hispanic America, it is Brazil.

Please. Be serious and show statistics.

Answer 7

Because Mexico is a democracy and capitalist system.

And Mexicans are hard working and business enterprise people. 10% of the wealthiest people on earth are Mexicans, but 30% of the most segregated and impoverished people are also Mexicans.

Cuba is the most impoverished country in the western hemisphere , because the blockade.

However dollars, drugs, prostitution and corruption are all over Cuba. Soon Cuba will be annexed to our Mexican-American empire.

Answer 8

My guess is that it's because Mexico enjoys a lot of trade with the United States and because people have a bad image of Cuba being corrupt.

Don't know why people keep saying that Brazil is Hispanic. They speak Portuguese there. It's a Latin country but not a Hispanic country. Same with Haite; figured they spoke French there. And Costa Rica being the wealthiest? I read somewhere when doing a school project that it was one of the poorest--though I read that it was Honduras was the poorest of all of the Hispanic countries since it doesn't have access to direct sea travel for trade.

Wonder why so many people are so touchy about this topic.

And Mexico has so many impoverished because there is a big gap between the rich and the poor.

Answer 9

Mexico is NOT the wealthiest country in Hispanic-America, and Cuba is NOT the most impoverished. According the the Human Development Report, they are relatively equal, with Cuba being a bit hire in terms of overall standard of living (health care, literacy, etc.). Both are in the highest category of country development, with Cuba at #51 and Mexico at #52.

http://hdr.undp.org/en/statistics/

This is the second time you've asked this same question.

Answer 10

Richest Countries in Central America

Rank Country GDP - per capita

1 Costa Rica $ 12,000

2 Mexico $ 10,600

3 Belize $ 8,400

4 Panama $ 7,900

5 El Salvador $ 4,900

6 Guatemala $ 4,900

7 Nicaragua $ 3,000

8 Honduras $ 3,000

Sorry to burst your bubble

Answer 11

Brazil has the largest gross domestic product (PPP or Atlas method) : larger than Mexico or Canada. But you normally think of wealth as on a per person basis. Brazil has almost 6 times the population of Canada. In addition Brazil has the most unequal distribution of wealth of any major economy in the world.

   Mexico certainly is the wealthiest Latino country in the western hemisphere, but Cuba is probably not the poorest. That distinction usually goes to Bolivia and Paraguay and Honduras. Of the non-hispanic countries, Bahamas is the wealthiest (Nassau is 300 km from Miami), and Haiti is by far the poorest country in the hemisphere.

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  Obviously, being in the sphere of the United States is the primary reason that a latino country become wealthy. Probably a more interesting question is why didn't Mexico become wealthy like the US? Mexico started out with the more exploitable natural resources (like gold and silver). The peso was the primary currency of the Western Hemisphere in the 18th century. It was far more powerful than the dollar and was widely used in the US.  Mexico had powerful wealthy cities, unlike the US which was 98% rural.

  Independence in the US initially started a great depression, but it was overcome and the country started to become wealthy within a few decades. Mexico went into an economic depression after their independence which they never really overcame for over a century.

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Remittances are extremely important to many rural communities in Mexico, but they don't make a country rich. Mexico gets $24 billion in remittances, but the GDP is over a trillion dollars. El Salvador, and Jamaica have a greater percentage of their people working overseas than Mexico, yet they are comparitively poor.

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A lot of European countries (particularly Spain) are very heavily involved in Mexico as well. Japan and China have huge investments in Mexico.

Answer 12

This is a politically charged question and also incorrect from the point of view of citation of facts. Mexico is not the wealthiest country in LAC by any method of estimation (PPP GNP or per capita income) because it falls second to Brazil and Costa Rica respectively, on both counts. Also, for that matter, Cuba is far better off than countries like Paraguay, Bolivia and Haiti, which are the three last ones in any list.

Interesting question, though, to learn about the difference between what is called conventional wisdom and the real facts, including their causal relations.

Mexico is a wealthy country but still can't be considered a truly developed country (even though it's a member of OCDE for political reasons), for  many reasons, including the prevalence of poverty and the low quality of life (alias, if we count the quality of life indicators, including social benefits and environmental quality, Cuba fares better off than Mexico in some sectors, including health care, and better off than the US in that last sector, by all means).

The real question, although subjective, is what makes some countries developed, and some countries underdeveloped. It does not have to do, regretfully, with democracy or the lack of it. South Korea was a dictatorial regime (albeit friendly to the US) from the 50s to the 80s but went from being as poor as Paraguay and Bolivia to be among the wealthiest countries in Asia. What was the answer? The question points to a more detailed elaboration but I point at least to three factors: a) capital accumulation in-country; b) economic policy aimed at increasing the level of income of all sectors of population (pointing to a relative equity, what is called broad-based growth); c) priority growth of sectors that quickly absorb the labor surplus in the country, making labor a relatively expensive factor and forcing the economy into increased levels of investment in fixed capital and technology development.

At a closer look, these very generic development policy formulations are closely interlinked, and have been followed by the Asian Tigers at least until the beginning of the 90s.

Answer 13

Because it has more natural resources  -- such as oil and more people to exploit.  Because it has the illegal "remissions" from the United States to prop up it's gross national product.  Also the drug trade flourishes in Mexico, bringing in huge amounts of money.

Now my turn, with all that money, why are Mexicans so impoverished?