Was It Commerce That Sustained The Mexican Economy?
It all started when Spain decided to see the rest of the world in the year 1519. The Emperor ordered his royal fleet to traverse the wide and treacherous sea for glory, God, and gold. We know they made the correct choice, they succeeded. Landed in Mexico, they considered it the other world not knowing yet how huge the role would be of this “other-world-land” that they have conquered. Mexico was well on it’s way to the international economy.
If you just cautiously check the world map, Mexico looks to be the center. Yes, literally the center of the world. It serves as a gateway in connecting the North and South America, and in connecting Europe, Africa, and Asia.
Basically Mexico is a tropical country which is mostly dry with irregular rain showers. With it’s natural produce like rare spice, vegetables and other crops like corn and soy, it waived for the settlers notice. Europeans’ primary intention was to gather spices and nothing more, but when they have learned the great role Mexico will play, they have decided to go further. They grabbed the entire nation.
Imperialism turned business, the conquerors decided to go Asian. They conquered the Philippines as well and traded with other Asian countries and all brought to Mexico for further trade. Fundamentally, Mexico became the warehouse of the world that gave them the idea to reproduce what they have seen from the world. It was their first hand experience with the international economy. The trade industry grew due to Europe’s hunger for much more. Mexico was one of those several nations that worked to please Europe’s cravings.
The beginning of their race to financial rally began after their independence from Spain and the latter political confusion. European immigration started and the foreign investments started coming in. There have been great changes from the politics to the social status of its individuals. 1970 was the year called Mexican Miracle due to its growth as a country in general especially on economic status.
These days, Mexico already soared to great heights with its increased investments. It has proved well with it’s expanded public infrastructure like added highways, railroads, airports, also on telecommunications, distribution of natural gas, and electricity distribution. Mexico’s weapon to the great international economy is their numerous investments and the Free Trade Agreements with other progressive countries like all of European Unions, Canada, USA, the rest of Central America, South American countries, Israel, Japan and 40 other countries. It is a member of international organizations like WTO (World Trade Organization), APEC (Asia Pacific Economic Cooperation), OECD (Organization for Economic Cooperation and Development), and needless to say, NAFTA (North American Free Trade Agreement).
Mexico is however growing to date, it will move to the top of the global economy and investment. Now it is ranked the 13th based on nominal number. Truly, Mexico has something to say to the international economy. A great leap only few could manage.
ProMexico is the Mexican Government institution in charge of strengthening Mexico’s participation in the international trade (comercio). With this objective in mind, the institution supports the export activity of companies established in the country and co-ordinates actions to attract foreign direct investment to national territory. ProMexico was established on June 13, 2007, as a sectoral public trust under the Ministry of the Economy, and operates through a network of 25 offices throughout Mexico and more than 27 offices abroad. Visit the website http://www.promexico.gob.mx to know more.
