- Show more
The economy worldwide and its effects on my country
“Each country has its characteristics from the political, social, consumption, cultural, etc. That is why it is very important that the government contributes all its constructive capacity to apply policies that improve all economic aspects ”. (Economic Growth, 2014)
Next, I will present an essay of the subject: the economy worldwide and its effects in my country, waiting be it to the pleasure of the teacher.
Within the essay, several important points will be touched as it is to mention, as I visualize the economy in the future, the economic growth that Mexico has had in recent years and one very important for me international trade, among others.
It must be understood that, economically, a country is not only measured by the number of companies they have or by the number of tourists who are going to know it.
The important thing is that there is a sufficient level of employment that maintains a taxation and that this, by extension, helps the investments necessary to increase that wealth of the country.
In addition, there is something very clear and that is the greater wealth the State because there are a greater number of workers, it will reverse that there will be greater consumption, savings can also grow and, parallel to this, the number of companies, in whatTo small and medium entrepreneurs, SMEs and entrepreneurs, it will increase, which will also help economic growth in the country.
"The focus of economic growth is that, thanks to it, if the country involves getting the truth, it will have greater wealth, greater guarantee abroad and social support, something necessary to achieve it". (Economic Growth, 2014)
Within my experience I want to share that I have seen the growth of the country’s economy for a few years, the evolution was noticed, when I was about to enter the PREPA I had to choose an institution in which to study the technical career that would please me the most, at that time the "international trade" was not heard so much. When I finished my high school, I chose the Business Administration Bachelor’s degree, since I entered the University, the issue of imports and exports in the country began to be heard even more, my city was increasingly filled with customs agencies andThat benefited us all because they generated many jobs
Investigating the issue of Mexico treaties I found that Mexico is the economy with more free trade and investment agreements worldwide, a condition that gives access to a potential market of one billion consumers on three continents: America, Europeand Asia. (Hernandez l. M., s.F.)
"Which is of the utmost importance since it has a network of 10 free trade treaties signed with 45 different countries and 32 agreements for the promotion and reciprocal protection of investments with 33 nations". (Publimetro, S.F.)
"In addition, we have economic integration agreements with Japan, where some of the tariff benefits have even been canceled because Mexican businessmen do not take advantage of them and the government does not promote Mexican exports to this country". (Publimetro, S.F.)
It is important that the Mexican government put more interest in this issue in order to take advantage of all the benefits granted, we would grow more economically if we took advantage of all the benefits of the treaties for Mexico, there should be mass exports that imports, in my work it is rare the exportthat I do everything is import and usually they are always of Chinese origin.
It is necessary to urgently adopt concrete political measures to reduce the risks for the world economy and lay the foundations for stable and sustainable economic growth. In order to achieve the ambitious objectives of the 2030 Agenda for sustainable development, the world economy must be dynamic and inclusive. Those responsible for the formulation of policies must do their best to contain the short -term risks derived from the financial vulnerabilities and the escalation of commercial controversies, and at the same time promote a longer -term development strategy to achieve economic objectives,social and environmental. Decisive policy measures are based on the application of a multilateral, cooperative and long -term approach in the formulation of world policies in key spheres, such as the fight against climate change, sustainable financing, sustainable production and consumption and consumptionof inequality. For this it is also necessary to move towards a more inclusive, flexible and receptive multilateral system. (Essence, 2019)
Economic growth accelerated in more than half of the world’s economies both in 2017 and 2018. The developed economies expanded at a constant pace of 2.2 % in those two years and the growth rates of many countries have approached their potential, while the unemployment rates of several developed economies have descended to levels never registered before. As for developing economies, the regions of Oriental and South Asia have continued in a relatively strong growth trajectory, with a growth of 5.8 % and 5.6 % in 2018, respectively. Many exporting countries of basic products, particularly fuel exporters, gradually recover, although they are still exposed to international prices volatility. The effects of the abrupt fall of basic products markets in 2014/15 also continue to affect the tax balance and balance of payments and that fall also brought with it an increase in the level of the debt of those countries. (Essence, 2019)
Some analysts such as The Economist Intelligence Unit place Mexico as one of the eight largest economies in the world by 2050, displacing countries such as the United Kingdom, France, Italy and Russia. That is, one of the most positive perspectives for the coming years among developing countries and even advanced economies. (ECONOMIC GROWTH, S.F.)
In my opinion, the objective of the Government must be increased infrastructure investment spending, implementing policies aimed at increasing savings and allowing a better allocation of resources in the economy, carrying out a more efficient allocation of resources, a greater return to theinvestment and greater efficiency in the combination of production factors, promoted through the pacification strategy, the reduction of violence, the fight against corruption and, in general, the strengthening of the rule of law, promoting the development ofHuman capital of young people.
A representative of a foreign country in our country believes that in 30 years we could become one of the most important economies in the world.
This was said by the Kazakhstan ambassador to Mexico, Andrian Yelemessov, who offered a press conference on diplomatic relations between the two nations. He commented that currently the commercial exchange between Mexico and Kazakhstan is barely 70 million dollars, but it could increase substantially if a commercial agreement between the two countries was achieved and there would be more disposition to investments and did not put so many bureaucratic requirements.
In addition, he recalled that, although Mexicans do not need a visa to visit that country, in Mexico this document is requested, although he acknowledged that he has already started talks with the officials of the National Institute of Migration (INM) in order to begin negotiations forRemove the entrance visa for the citizens of Kazakhstan. (Nation 3 2 1, S.F.)
This is a very good advance for the country since other countries recognize the potential that Mexico has, many Mexicans do not believe in Mexico or the government itself, but if Mexico were exploited as we should be one of the richest countries in the world with an economyGood, although this forecast is 30 years Mexico should already be important in these times.
Russia and Mexico have one hundred and twenty years of diplomatic relations, however, only in the last decade the economic results show a growing trend in commercial operations, in business projects, institutional cooperation, relations between the regions of Russia and the states of Mexico (Descriptive project, 2015, p. 1).
"Despite the global crisis according to Mexican statistics" the commercial exchange between the two countries has grown from 592 million dollars in 2005 to 1 thousand 7 million dollars in 2017 ". (Nation 3 2 1, S.F.)
Every year more Mexican products enter the Russian market and more Russian products, the Mexican market. "Mexico is known in Russia for its flesh, tequila, beer" (Hernandez M. , 2019). Russian consumers can buy the Mexican tortillas of the company "Gruma" or white line products of the "Mabe" factories in Moscow stores in Moscow. The cars of recognized brands assembled in Mexico circulate through the streets of many Russian cities.
In turn, Russia is present in Mexico with its chemicals, energy and steel equipment, helicopters and military ammunition. Many Mexican houses receive the electricity generated in the hydroelectric dams built by the Russian company "Silovye Machini". Thousands of hectares of the Mexican land are enriched with Russian manufacturing fertilizers, for example, of the "Uralchem" holding. The passengers of the Mexican company "Interjet" fly in the Russian aircraft "Sukhoi Superjet-100" to national destinations. These are the results of the initiatives, projects and the daily work of Russian and Mexican businessmen. The strategic guidelines of these projects are embodied in the decisions of the Mixed Commission on Economic, Commercial, Scientific-Technical and Technical Cooperation Mexico-Russia (Mexico-Russia, Page. 9)
Sojo highlighted the importance of the economic and commercial relationship with India and pointed out that foreign investment has been fundamental for job creation and for the increase in productivity in Mexico. From this APPRI, the governments of both countries will work with a transparent legal framework and based on clear rules to protect investments and investors and thus encourage the economic prosperity of the two nations, he said during the signing of this instrument. The official also met with entrepreneurs from this country from the information technology, energy, automotive and chemical sectors, to promote investments and business development in Mexico. The Mexico-India APPRI adds to the wide network of 31 international investment protection instruments, signed by Mexico, which provide preferential conditions for reciprocal investment with 47 countries.
India is an important commercial partner for Mexico;In 2005, it was the eighth commercial partner of the Asia-Pacific region and the second investor country of the Asian continent in Mexico. India is one of the emerging economies with greater dynamism and appears as an important capital exporter.
Entrepreneurs from Mexico and the Province of Guangdong, China signed 18 cooperation and information exchange agreements in sectors such as aerospace, electrical-electronics, automotive and biotechnology, energy, among others, in order to increase investment. In this regard, Sergio Law, president of the business section of Asia and Oceania of the Mexican Council of Foreign Trade (COMCE), said that these agreements would reach an investment of 480 million dollars. "These agreements that have been signed, especially in the area of high technology and biotechnology will allow us to have access to the research that China has been developing for several years in better conditions and we can bring it to Mexico," he said.
Economic zones. Rogelio Garza Garza, Undersecretary of Industry and Commerce of the Secretary of Economics, said that the signing of agreements seeks to intensify the work that Mexico has in sectors such as aerospace, electrical-electronic, which both Mexico and China consider strategic. Chinese entrepreneurs detailed are interested in the development of the country’s special economic zones, since they have been promoters of this model and are looking for information on how these areas will operate to specify investments.
"In Mexico we are working on the way in which the special economic zones (ZEE) will operate, the law has just come out, now comes the process of deliberation, feasibility to start operating," he said.
The Zee that will be created are: that of Tapachula, Chiapas;The interoceanic corridor covers from Coatzacoalcos, Veracruz to Salina Cruz, Oaxaca and Lázaro Cárdenas, which would include the states of Michoacán and Guerrero. Sergio Ley, former Mexican from Mexico in China, added that one of the great opportunities is biotechnology, where China has been investing a lot of money and where Mexico could develop joint projects. Another of the areas in which we could work together is aeronautics, "there we have joint efforts".
"Any Chinese company that wants to settle in our country will have the best conditions than any other nation in the world," he said.
He added that, in 2015, the total trade between Mexico and China amounted to US $ 80 billion, of which our country exported 10 billion dollars and imported 70 thousand MDD, of which 85 percent are intermediate goods formanufacture them.
In conclusion of this essay I can say that the economy of this country has grown in recent years, although it is not very noticeable I think that we are advancing little by little, in the future the country’s economy will grow more thanks to international trade the current economy, the current economy,It causes a crisis in the country due to the price increase in a general way;Inflation is due to the importation of foreign market products, in which a financial crisis is created due to the financing of banks with a private basis.
For more than 20 years, economic growth in Mexico has been found in an average annual average, a low rate when the phenomenon of economic convergence in the world is taken into account. Long periods of low growth, as in which we are, are due to structural factors of the economy that have not been resolved correctly, such as low levels of investment, educational use, the strength of the domestic market and technological change in theeconomy, to mention just some. (Castañeda, 2016)
I believe that Mexico has a lot of potential to grow, it is very rich in natural properties, it only needs to exploit its potential and that the government organizes well and allocates the benefits of the country for everyone’s good and the economy is much better.
Developing this work realized the great impact that trade has on the economy and the importance of commercial treaties among countries since they have many benefits, the government should put more interest in relating to different countries to have more benefits and aregenerate more exports from the country so that the economy grows.
It cost me a little work to do this essay I had to soak up the subject doing research and reading to be able to have my own criteria on the subject which I can say I achieve it successfully.
The course seemed very dynamic and interesting, I learned new concepts and topics of great help for my working life, now I can have a broader criterion on the subject, I appreciate the material provided by the teacher since it was very complete, the videos were very Clear ones, it is a very easy and dynamic way to understand the topic more watching videos that seemed like a good strategy, I hope you continue to implement it in my future subjects.
Like the length of the course I realize that the international economy is not for only the countries with which they have hired or agreements but that it includes all countries without differentiating the economic level in which they are or their economic reserve with the that accounts and should always be taken into account that we must fight to achieve the benefits you want and use the terms of win-win, losing-perder, winter and lose win because they are the ones that best explain how the Economy today
I hope to achieve my subject successfully, I appreciate your knowledge provided by wishing you a lot of success in everything you do, it was a pleasure to be your German, I keep the knowledge acquired and the good experience of this course.
- Castañeda, d. (May 5, 2016). Links. Obtained from https: // economy.links.com.mx/?P = 70
- Economic growth. (10 of 01 of 2014). importance.org. Obtained from https: // www.importance.org/growth-economic.PHP
- Economic growth. (s.F.). National Bank of Works and Public Service. Obtained from https: // www.Projectsmexico.Gob.mx/because-inverting-in-mexico/economy-solid/growth-economic/
- Essence. (2019). Essence magazine. Obtained from http: // www.Magazine.com/Situations-and-perspectives-of-the-economic-world-2019/
- Hernandez, l. M. (s.F.). Index. Obtained from http: // monitorodenoticias.com.MX/News/News.PHP?id = 245313#sthash.1y9olsqd.DPBS
- Hernandez, m. (July 31, 2019). Qro Code. Obtained from http: // codeqro.com.MX/2019/07/31/Russia-Un-Mercado-Potential-for-Products-Agro-Edurals-Cedrssa-2/
- Mexico – Russia. (s.F.). Obtained from culture and legal systems bought: http: // library.Deputies.Gob.MX/Janium/BV/MD/LXII/MEXICO-RUSSIA.PDF
- Nation 3 2 1. (s.F.). Obtained from https: // www.nation321.com/International/De-Verdad-Let’s-Prevent ourselves-by-Russia
- Nation 3 2 1. (s.F.). Nation 3 2 1. Obtained from https: // www.nation321.com/Government/Su-Government-of-Ame-Sigue-Asxic-Sere-Potency-Mundial-Dale-Embajador
- Descriptive project. (June 2015). General Coordination of Commercial Promotion and Export Promotion. Obtained from https: // www.Gob.mx/cm/uploads/attachment/file/95516/project_mision_comercial_rusia_2015.PDF
- Publimetro. (s.F.). Publimetro. Obtained from https: // www.Publimetro.com.MX/MX/News/2017/01/20/Mexico-Pais-Mas-Acuerdos-Comercial-Mundo.HTML
- NATIVITY QUINTANA LEAL 39193044 FINAL WORK