Mexico has made an impressive economic recovery since the economic crisis of the mid 1990s and has recently entered the trillion dollar class in terms of GDP ($1.10 trillion; 13th in the world). It is firmly stablished as an upper-middle income country.There is a growing middle class. Families are having one of two children, which allows for a better allocation of income; thereby, increasing their purchasing power; moreover, prompting parents to send their children to College/University. The poverty rate was reduced from 24% to 17% between 2000 & 2004. According the the Wall Street Journal, "This could be the generation that [pushes] Mexico into the first world." For those of you that think that Mexico is a shittie 3rd world country, do some research. I was born in Mexico, then moved to California in 1990 with my family. I'm happy with progress made thus far in Mexico, but it can always be better. I think the answer to my question is yes, but corruption must be cut significantly.
2006-11-21
22:34:36
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6 answers
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asked by
Vampirin_1980
1
in
Economics