Mexico Pest Analysis
Mexico PEST Analysis
Executive Summary
Mexico has resulted in recent years as one of the most promising emerging economics nevertheless the downturn occurred in 2009 under the influence of the crisis in the United States. In 2010 the economy has restarted its growth trend, which according to the forecast will bring the Country among the elites of world economy. This short paper explains the fundamental factors determining Mexico economic growth using the PEST Analysis Framework. In particular it focus on how International Business activities has contributed to economic development of the Country, offering also an once-over on the main industry involved in this process.
Mexico PEST Analysis
Introduction
Approaching the research for this paper I went through an article that caught my attention and made me consider how important could be to understand the growth of Mexico in recent years. The first lines of this article tell “Mexico will overtake Italy to become the world's 10th largest economy (in terms of GDP at purchasing power parity) by 2020.” (Euromonitor International, July 2010) This means that in less than a decade Mexico could abandon the Next Eight group of G20 taking place of Italy, my “decayed” home-country, among the ten most developed economies of the world. Going beyond the disappointment for the bad performance of Italian economy, it’s remarkable that for the first time a country from Latin America is going to enter the elite of world economies. For this reason it was really interesting to deepen the factors that are leading Mexico growth and PEST Analysis resulted the perfect instrument for this investigation.
P – Political Environment Mexico has been a Federal Republic since 1917, year in which the Mexican Constitution was issued. After a period of instability that followed the revolution, the Government was controlled for 71 years by the Institutional Revolutionary Party (PRI) formed in 1929 (Bureau of Western Hemisphere Affairs,
Executive Summary
Mexico has resulted in recent years as one of the most promising emerging economics nevertheless the downturn occurred in 2009 under the influence of the crisis in the United States. In 2010 the economy has restarted its growth trend, which according to the forecast will bring the Country among the elites of world economy. This short paper explains the fundamental factors determining Mexico economic growth using the PEST Analysis Framework. In particular it focus on how International Business activities has contributed to economic development of the Country, offering also an once-over on the main industry involved in this process.
Mexico PEST Analysis
Introduction
Approaching the research for this paper I went through an article that caught my attention and made me consider how important could be to understand the growth of Mexico in recent years. The first lines of this article tell “Mexico will overtake Italy to become the world's 10th largest economy (in terms of GDP at purchasing power parity) by 2020.” (Euromonitor International, July 2010) This means that in less than a decade Mexico could abandon the Next Eight group of G20 taking place of Italy, my “decayed” home-country, among the ten most developed economies of the world. Going beyond the disappointment for the bad performance of Italian economy, it’s remarkable that for the first time a country from Latin America is going to enter the elite of world economies. For this reason it was really interesting to deepen the factors that are leading Mexico growth and PEST Analysis resulted the perfect instrument for this investigation.
P – Political Environment Mexico has been a Federal Republic since 1917, year in which the Mexican Constitution was issued. After a period of instability that followed the revolution, the Government was controlled for 71 years by the Institutional Revolutionary Party (PRI) formed in 1929 (Bureau of Western Hemisphere Affairs,
References: Bureau of Western Hemisphere Affairs (December 2010). Background note: Mexico. Retrieved from: http://www.state.gov/r/pa/ei/bgn/35749.htm#econ Business Monitor International (August 2011) Euromonitor International (February 2010). Business Environment: Mexico. Retrieved from: http://www.portal.euromonitor.com Euromonitor International (January 2010) Euromonitor International (January 2011). Country and Consumuers. Retrieved from: http://www.portal.euromonitor.com Euromonitor International (July 2010) Euromonitor International (March 2011). Mexican consumers in 2020: A look into the future. Retrived from: http://www.portal.euromonitor.com Euromonitor International (October 2009) Euromonitor International (September 2011). Mexico: Country profile. Retrived from: http://www.portal.euromonitor.com Library of Congress, Federal Research Division (July 2008)