MEXICO: Mexico is the 2nd largest economy in Latin America. Its…

Question Answered step-by-step MEXICO: Mexico is the 2nd largest economy in Latin America. Its… MEXICO: Mexico is the 2nd largest economy in Latin America. Its economy had been slowly growing but recent developments related to widespread crime and Covid caused a downturn in 2020.  2021 saw some growth. Mexico is open to trade. The services and manufacturing industries are critical with important sectors such as food, beverages,  tobacco, clothing, transportation vehicles, and tourism. There are strong trade programs with both the U.S. and Canada. Poverty and crime are major issues that impact the quality of life and economic progress.   The current President of Mexico is Andres Manueal Lopez Obrador.. His political party, also in power, is MORENA, a left-of-center democratic party., considered to be socially liberal.  He is proving to be rather authoritarian, however. He is very critical of the press and try to silence his critics.  His ethics have come under scrutiny for abusing Mexican laws. and possible mishandling of funds.  Mexico continues to have a high violence rate, a stagnating economy and Covid has caused many deaths.. Interestingly, his support still is over 50 %Currency: Peso .049 to the U.S. Dollar.One reason Mexico is popular with tourists: This week $100 U.S. dollars get you about 1,900-2,000 Pesos. However, there are State Department warnings about safety. QUESTIONS: 1. Discuss how Mexican consumers are different from U.S. consumers in spite of such close proximity and the high level of U.S. influence on the country.  2. What effect does the need for status have in influencing the behaviors of  Mexican women?  3. Looking at Walmart as a retailer that has expanded into Mexico,  does Mexico have a Middle Class?  4. Use the 6 points on the Measurement Guide for Evaluating Emerging Market Potential to evaluate FDI in Mexico at this time 2022-2023. Measurements for EM status for business potential include the following:1. Moving to an open economy ( open for international exchange)2. A growing young, well educated, skilled – techno-friendly, and wordly population3. An improving infrastructure – roads, electricity, phones, computer technology, transportation, airports, and or ports.4. Stable government with a favorable attitude toward trade and the desire to invest within the country for the common good.5. Ease of entry for foreign investment and a welcoming and safe attitude toward foreigners.6. Good merchandising prospects – an appetite for ownership, materialistic need – a way to make a profit.These 6 points are to be used for evaluating. State references if used. History US History FM 424 Share QuestionEmailCopy link Comments (0)