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Mexico Country Profile
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Mexico was founded as a country
Mexico ganied independence and recognition as a country -
Road to Revoultion
Mexico officials began the country journey in San Miguel for Mexico's Revolution -
Petroleum Industry
Mexico is the 9th largest producer of oil in the world. This industry is extremely important to Mexico’s economy because 10% of Mexico’s export earnings come from that alone. Mexico’s petroleum industry surpassed its peak of 120 barrels in 1920 and has continually increased throughout the years to become one of the top industries in Mexico to date. -
Commerical Production of Crude Oil Begins
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Mexico Revolution Begins
This war started in 1910 and lasted for over 10 years,The Mexcian people fought this war for the wealthy landowners who wanted to continue the old ways of the Spanish colonial leaders. The people of Mexico wanted this federal law to be replaced with something more equal for everyone. -
Mexico Became an Oil Exporting Nation
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Mexico became second to United States in petroleum output and led the world in oil exports
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All companies in the business of oil production in Mexico were foreign companies
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CONAFE
The World Bank has huge engagement with Mexico on education and labor market issues, one example being the support of an early education program implemented by the National Council for the Promotion of Education. -
Huge offshore oil reserves discovered; the Cantarell field becomes the mainstay of Mexico's oil production.
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The IMF lent Mexico $3.8 billion due to threatened bankruptcy. The Mexican economy began to be run under the guidance of the World Bank and the Int’l. Monetary Fund.
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The Democratic Revolutionary Party was founded.
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The NAFTA is signed b/t U.S , Canada & Mexico
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NAFTA takes effect
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Subnational Development: Oaxaca
The World Bank is also working closely with the Government of Oaxaca, one of the poorest States in Mexico, It is working on a program that includes financial, knowledge and other services. They provide loans and analytical and advisory type of services. They do services of public budgeting. -
Government passes series of energy reforms.
Faced with drop in Mexican oil production, the government released packages that include controversial plans to allow private investments in state oil giant Pemex. -
Climate Change
For more than a decade, Mexico has worked to develop policies to “mitigate and adapt to climate change” . The financial, knowledge, and services given by the World Bank have contributed to increasing the areas under environmental management by 20 %, to improving air quality in Mexico City, and to increasing water availability. -
Government unveils package of emergency measures worth nearly $150m to protect economy from effects of US economic downturn.
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Economy
Mexico has the 9th largest economy in the world. Since joining the North American Free Trade Agreement (NAFTA), the Mexican economy has reached $1.3 trillion in the last 20 years. The Mexican economy has also increased due to the many markets in Mexico like food and beverage, oil, tobacco, and etc. -
Food and Beverage Industry
Mexico is one of the largest food and beverage importer and exporter in the world being at 8th place. The food trade of the Canada-Mexico bilateral is continually increasing. The largest food markets in Mexico are Alcoholic Drinks, Beer, Confectionery, Dairy, Frozen Food, Savory Snacks, Soft Drinks, Spirits, and Wine. These markets have brought billons of dollars to the Mexican Economy.
