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MEXICO TODAY |
By BRUCE
Visit (861 times)
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NAFTA and Economic Resurgence (1994-present) On 1 January 1994, Mexico became a full member of the North American Free Trade Agreement (NAFTA), joining the United States of America and Canada. In 2005, North American economic integration was further strengthened by the signing of the Security and Prosperity Partnership of North America.
Mexico has a free market economy that recently entered 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 sea ports, railroads, telecommunications, electricity generation, natural gas distribution, and airports. Per capita income is one-quarter that of the United States; income distribution remains highly unequal. Trade with the United States and Canada has tripled since the implementation of NAFTA. Mexico has free-trade agreements with more than 40 countries, governing 90% of its foreign commerce. A New Struggle: The War Against Drugs
Mexico is a major drug-producing nation: a) an estimated 90% of the cocaine smuggled into the United States every year moves through Mexico and b) fueled by the increasing demand for drugs in the United States, the country has become a major supplier of heroin, producer and distributor of ecstasy, and the largest foreign supplier of marijuana and methamphetamine to the U.S.'s market. Major drug syndicates control the majority of drug trafficking in the country, and Mexico is a significant money-laundering center.
In 2007, there was a major escalation in the Mexican Drug War: a) Cultivation of opium poppy in 2007 rose to 17,050 acres (69.0 km2), yielding a potential production of 19.84 tons of pure heroin or 55.12 tons of "black tar" heroin. Black tar is the dominant form of Mexican heroin consumed in the western United States. b) Marijuana cultivation increased to 21,992 acres (89.00 km2) in 2007, yielding a potential production of 17,416.52 tons. The Mexican government conducts the largest independent illicit-crop eradication program in the world, but Mexico continues to be the primary transshipment point for U.S.-bound cocaine from South America.
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Join Date: May, 19th 2011 |
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