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Mexico is the second largest economy in Latin America, one of the 20 most extensive in the world, and a country that should be prosperous by all outward appearances.
For over 40 years, it has been considered a leading emerging market, an up-and-coming economy worth watching. The country has a large, relatively skilled population, a direct land border with the world's first economy, and the largest consumer market. It has easy access to the world's oceans, is suitable for global trade, is a peaceful part of the world, and has many natural resources. But more was needed for economic prosperity. Why? Find out in the video
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00:00 Introduction
01:54 Mexico was considered a promising economy
03:56 History of Mexico
07:16 Oil discovery and postponement of reforms
08:43 IMF assistance
09:58 "Tequila crisis"
12:53 USMCA agreement instead of NAFTA
15:38 Economic freedom
17:24 Mexico's most significant problems
18:45 Drug cartels and corruption
23:04 Democracy index
23:48 Differences in regional development
26:59 Unskilled labor force
29:15 Proximity to the US market
31:05 Banking sector and capital
33:25 Rule of law
35:40 Influence of institutions on development
38:22 Lack of social elevators and populism
39:55 Why Mexico is more prosperous than Ukraine
41:41 Mexico's attitude to the war in Ukraine
#economy #history #mexico