The Mexican business culture is formal with a set of values, attitudes and beliefs. The most significant value of Mexican counterparts is trust. They like to build personal relationships, and don’t like having different colleagues , instead they like to have the same network. Also, when making deals with in Mexico it’s important to take your time, since time is unlimited and like a relaxed environment. Most of its population is middle aged contributing to a large workforce, and the second largest age category is the youth, indicating that Mexico is still developing like a second world country. Within the population the most common ethnicity is Mestizo, and the most common religion is catholic.
Mexico’s financial environment is comprised of its fiscal and monetary policies. The fiscal policy is important as it is necessary to keep inflation as low as possible. It is made up of the various taxes and tariffs in Mexico such as income taxes. Mexico’s monetary policy, or banking system, is one of the most developed banking systems in Latin-America. It has one central bank and six different types of banking institutions. Mexico’s national debt and currency rates have fluctuated widely over the years, especially when the country was financially in a crisis. As of 2004, Mexico’s net domestic debt was $92.3 billion USD and net foreign debt was $78.9 billion USD....