Social and Economic Snapshot of Mexico Today (Coursework Sample)

Change in Developing World
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Change in Developing World
Mexico’s current economic structure is founded on a mixed economy. This model combines elements of the planned economy and the market economy. The economy has been rising at an average rate of 2.1 percent throughout the last ten years despite the current complex universal environment (Overview of the Mexican Economy, n.d.). Mexico’s economic strength lies beneath the responsible financial, economic, and commercial policies that strengthen the domestic market. For example, the economic development strategy in the country includes strengthening consumption in effect to greater financial inclusion and social programs, increasing public investment, encouraging private investment in strategic sectors, and growing trade relationships with other nations for the rebuilding of the international value chain. Mexico is regarded to be the second-biggest economy in Latin America. The engagement of the country with the World Bank is designed around a structure that offers growth solutions that are adapted with a fundamental set of financial, knowledge, and convening services. The study