Mexico. Flashcards
In what year did Mexico join NAFTA?
1994
What does the OECD stand for?
Organisation for Economic Co-operation and Develoment.
What did the OECD say about Mexico?
Considered it a safe place for industry to operate. ‘Stamp of approval’
Why did the OECD ‘stamp of approval’ matter?
Because it judges, economic stability, government corruption and instability to see if a country is good for the industry to settle there.
What is Mexico’s current KOF index score?
70.46
What is its current GDP per capita?
8,200.31
What benefits has membership of NAFTA brought Mexico?
Increases FDI companies from USA and Canda set up operations as they want cheap labour.
What ‘problem’ does Mexico face?
Inequality.
What region is considered the most ‘unequal’?
Santa Fe district of Mexico City.
How much of the population are in poverty?
46% - potential evidence of inequality.
What country is Mexico an example of?
A MINT economy country.
Other than cheap labour why has Industry settled in Mexico?
Large domestic market
When did Mexico join the OECD?
1994
What is the OECD?
International agrrement of over 34 countries - trys to improve trading relations between these countries.
What example is there of TNC’s settling in Mexico?
Bombardier, Bell and Cessna
