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Dirty Sanchez commented about Mexico USA Neighbor Inflation, On Friday March 21st, 2008 04:35:00 PM
Andy will not believe the truth if he had a degree in Economics. The truth is Andy visits th e poorest sections of the world and does not understand GNP is not directly related to the area in which he sleeps.
Economy Mexico
Economy - overview:
Mexico has a free market economy in the trillion dollar class. It contains a mixture of modern and outmoded industry and agriculture, increasingly dominated by the private sector. Recent administrations have expanded competition in seaports, railroads, telecommunications, electricity generation, natural gas distribution, and airports. Per capita income is one-fourth that of the US; income distribution remains highly unequal. Trade with the US and Canada has tripled since the implementation of NAFTA 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. In 2007, during his first year in office, the Felipe CALDERON administration was able to garner support from the opposition to successfully pass a pension and a fiscal reform. The administration continues to face many economic challenges including the need to upgrade infrastructure, modernize labor laws, and allow private investment in the energy sector. CALDERON has stated that his top economic priorities remain reducing poverty and creating jobs.
GDP (purchasing power parity):
$1.353 trillion (2007 est.)
PHILIPPINES
Economy - overview:
The Philippine economy grew at its fastest pace in three decades with real GDP growth exceeding 7% in 2007. Higher government spending contributed to the growth, but a resilient service sector and large remittances from the millions of Filipinos who work abroad have played an increasingly important role. Economic growth has averaged 5% since President MACAPAGAL-ARROYO took office in 2001. Nevertheless, the Philippines will need still higher, sustained growth to make progress in alleviating poverty, given its high population growth and unequal distribution of income. MACAPAGAL-ARROYO averted a fiscal crisis by pushing for new revenue measures and, until recently, tightening expenditures. Declining fiscal deficits, tapering debt and debt service ratios, as well as recent efforts to increase spending on infrastructure and social services have heightened optimism over Philippine economic prospects. Although the general macroeconomic outlook has improved significantly, the Philippines continues to face important challenges and must maintain the reform momentum in order to catch up with regional competitors, improve employment opportunities, and alleviate poverty. Longer-term fiscal stability will require more sustainable revenue sources, rather than non-recurring revenues from privatization.
GDP (purchasing power parity):
$298.9 billion (2007 est.)
Just Because Mexico sucks and seems poorer because of your unofficial observance it does not mean they redistribute the wealth like they do in USA."Tv's,cable.cell phones,air conditioning and over weight welfare recipients make the USA SEEM Healthy and Wealthy"
truth is in the facts.....GDP... were it goes nobody knows except Mexico is not PHILIPPINES POOR far from it !! Just they steal it and hide it better. LOOK at the Richest MAN in the WORLD NO it's not Bill Gates It is A Meican who takes 20 % of the GDP and redistributes to his Staff...Google it Worlds Riches Man..he can afford Ice coffee and his friends....Siesta time
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