Fiestas Parades, Fireworks and Dancing Mariachi Bands Independence Day Dias de la Muertos Cinco de Mayo
Mexico’s Economy 12 th largest economy in the world Agriculture –Corn, rice, beans, wheat –Exports coffee, cotton, vegetables, fruit, livestock and tobacco Industry –Cars, consumer goods, and steel Natural Resources –Petroleum and natural gas Service Industries –Banking and Tourism
Free Trade In the mid-1990’s, Mexico, Canada, and the US signed NAFTA 1999, Mexico signed a free trade agreement with European countries.
Mexico’s Challenges Population –People moved to the cities looking for work. –End up living in slums and working for low pay. Migrant Workers –Immigration –Move from place to place seeking work. Work for low pay. Drug Cartels
Foreign Debt Economic Growth was slow for many years. –Factories weren’t built for fear of loss of revenue to foreign countries. Mexico borrowed money from foreign banks. Have to make payments on the debt, not invest in their country.
Pollution Smog in Mexico City –Mountains trap the pollution in the city. Rio Grande one of the most polluted rivers in North America