Comparative Analysis: Mexico and Inida Essay

Submitted By Jacob-t-smith
Words: 448
Pages: 2

Comparative Analysis: India and Mexico

Mexico has a more stable unitary federal, and economic system than India. There are several reason why, but the main differences begin with political party power, agreements with other nations, raw materials, and domestic products. First, the political party system in Mexico is rife with competition. There are three major parties in Mexico. The three dominant parties in Mexico are the National Action Party (PAN), the Party of the Democratic Revolution (PRD) and the Institutional Revolutionary Party (PRI). All the competition leads to more benefits, to the most people. On the flip side, there is more corruption in India than is ever reported, and it can be traced back to a lack of competition. Secondly, Mexico is a member of NAFTA, or the North American Free Trade Agreement. The agreement’s main focus was the elimination of a majority of tariffs posed on countries on imported goods. With the extra expenses on the decline, the net profit on the good was much greater than that of a good with the tariff tax. The lack of a tax snowballed the net income into figures that showed an increase in production and GDP. Another benefit of NAFTA was the implementation of raw material plants that converted raw materials into production goods. The plants in Mexico created jobs and, according to some reports, showed in increase of nearly 15.5% in raw material production income. In India, goods are seldom traded out as the nation has to rely so heavily on other countries for financial support to support a booming population, and a wide array of failing small businesses. Third, as recently as 2007, Mexico has been considered the sixth largest petroleum producer in the world. It is the second largest oil producer in the world, behind the United States of