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Mexico

Beyond oil score(out of 100 points) 64.0
Index ranking(out of 26 countries ranked) 8
Overall status*  
General Economic Framework  
Political Framework  
Society and Future Skills  
(Beyond) oil related factors  


Mexico is currently undergoing an impressive economic recovery after the economical turmoil that followed the 1994 devaluation of the Peso. Recent administrations have expanded competition in seaports, railroads, telecommunications, electricity generation, natural gas distribution, and airports.

A free market economy, with a mix of services, industry and agriculture. The country has many structural problems still to tackle as it seeks to modernise the economy and raise living standards. Fiscal and Energy reform are urgently needed. But with a divided Congress there is little scope for either being implemented until after the next presidential elections in 2006. There continues to be marked unequal income distribution. About 50% of the population live in poverty – mainly concentrated in the south and indigenous areas

Mexico moved from a relatively closed economy to an almost completely open one when it joined the General Agreement on Tariffs and Trade (now the World Trade Organisation) in 1986 and the North American Free Trade Agreement (NAFTA) in 1994. It has also signed Free Trade Agreements (FTAs) with 33 countries including the EU and Japan.

Mexico is an oil producing nation. A state-owned company, PEMEX, has a monopoly over oil extraction, processing and distribution. Mexico is also the largest producer of silver in the world.

  Indicates high preparedness   Indicates deficits but potential for development   Indicates unfavourable preconditions.
 
     
   
 
 
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