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Monday, January 26, 2009

Mexico

Mexico - Is officially known as The United Mexican States. Mexico is a North American country sharing borders with United States, Guatemala, Belize, the Caribbean Sea, the Pacific Ocean and the Gulf of Mexico. In 1519, the native civilizations of Mesoamerica were invaded by Spain among them the Aztecs, Mayans. This was one of the most important conquest campaigns in America. Two years later, in 1521, the Aztec capital of Tenochtitlan was conquered by the Spaniards along with the Tlaxcaltecs, the main enemies of the Aztecs, marking the end of the Aztec and giving rise to the Vice royalty of New Spain in 1535. It became the first and largest provider of resources for the Spanish Empire and the most populous of all Spanish colonies. Mexico achieved independence early in the 19th century. Trade with the US and Canada has nearly tripled since the implementation of North American Free Trade Agreement in 1994. Mexico has 12 free trade agreements with over 40 countries including, Guatemala, Honduras, El Salvador, the European Free Trade Area, and Japan, putting more than 90% of trade under free trade agreements. According to the director for Mexico at the World Bank, the population in poverty has decreased from 24.2% to 17.6% in the general population and from 42% to 27.9% in rural areas from 2000-2004. Nonetheless, income inequality remains a problem, and huge gaps remain not only between rich and poor but also between the north and the south, and between urban and rural areas. Sharp contrasts in income and Human Development are also a grave problem in Mexico. According to Goldman Sachs, BRIMC (Brazil, Russia, India, Mexico, China) review of emerging economies, by 2050 the largest economies in the world will be as follows: China, United States, India, Brazil, and Mexico. Mexico is the largest North American auto producing nation, recently surpassing Canada and U.S. (unverified)

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