Economic Development

Economic Development is obviously a global issue considering all of the poverty and famine going on around the world today. All over the world there are rising rates of unemployment, poverty and inflation rates. This is even prevalent in the “developed” countries. It is relevant as we live here today that the United States, a wealthier and “developed” nation in the world, seems to be heading towards some type of recession. Evidence of such recession comes from the U.S. being over 10 trillion dollars in debt, rising unemployment rates and many others. Although we are seemingly on the decline economically, we are far better off than the economic stability of the “developing” countries. ...

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that fall in the “developing” category. In Mexico, they are facing their worst recession since the beginning of last century. Poverty rates in Mexico are rapidly increasing with almost half of the population living below the poverty line. According to “CIA World Factbook,” 47% of Mexican natives live below the asset based poverty line. Some contributing factors to the rise of poverty are unemployment rates and rising inflation rates. The rising rate of inflation, which is the price level for a good or service over time, has steadily risen year after year. Since the beginning of 2005 the inflation rate in Mexico has risen from 3.3% to as high as 6.4%, according to Also according to that website, the unemployment rate recently reached its highest ever at just under 6% (“World Fact Book”).
These problems are well known and are causing much despair to their economy. So, what is the Mexican government doing to help this problem? According to a ...

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important to consider how important Mexico is to the benefit of the U.S. Since the United States is the main contributor in the exports from Mexico, this deal works both ways. Just recently Mexican farmers made a deal with PepsiCo to eliminate a middle man when selling their crops. An article in the New York Times, “For Pepsi, a Business Decision with Social Benefit,” informs us that this deal gives them payment for their crops up front. It also allows the farmers to have enough “credit to buy seeds, fertilizers, insurance and farming equipment (Storm, B1).” This deal will help eliminate the farmer losing money by getting taxed by a middle man, and having the money up front helps ...

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Economic Development. (2011, April 14). Retrieved February 26, 2020, from
"Economic Development.", 14 Apr. 2011. Web. 26 Feb. 2020. <>
"Economic Development." April 14, 2011. Accessed February 26, 2020.
"Economic Development." April 14, 2011. Accessed February 26, 2020.
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Added: 4/14/2011 12:26:47 PM
Submitted By: siuewrstlr125
Category: Economics
Type: Premium Paper
Words: 1603
Pages: 6

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