Mexico's Economy

Topics: Mexico, Petroleum, Mexico City Pages: 1 (270 words) Published: January 7, 2014
The country of Mexico is one of the most important emerging economies and is renewing its efforts to become a leader in the region it just became a member of the Pacific Alliance. The Mexican economy lately has put themselves on a plan to increase the production of work and money coming out of the country. The Mexican economy recovered from the severe blow generated by the 2008-2009 global financial crisis as the economy of Mexico experienced an average growth of 4.3 % between 2010 and 2012. The top companies located within Mexico aren't very successful globally except for one. But Amèrica Mòvil makes over 60 billion in sales and over 7 million in profits. Mexico is a comparatively open economy, with free-trade agreements with 44 countries. In 2009, Mexico became the world's leading producer of flat-screen TVs, moving ahead of South Korea and China. Mexico is also the leading global producer of two-door refrigerators. Mexico is currently an importer of natural gas could double Mexico's natural gas production. If Mexico will revise the 1938 law that prevents Pemex (the top Mexican oil company) from partnering with foreign oil companies. The ability to exchange drilling and production participation for technology with stronger American oil companies and reverse the decline in Mexico's oil production. After many long difficult years for Mexico they seem to be on the rise. The production of the oil companies, companies like Amèrica Mòvil and the production of TVs and refrigerators will bring Mexico to be more stable economically. Mexico is looking to become possibly the number one economy in Latin America which will help Mexico stack up against the global economy.
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