Mexico has resulted in recent years as one of the most promising emerging economics nevertheless the downturn occurred in 2009 under the influence of the crisis in the United States. In 2010 the economy has restarted its growth trend, which according to the forecast will bring the Country among the elites of world economy. This short paper explains the fundamental factors determining Mexico economic growth using the PEST Analysis Framework. In particular it focus on how International Business activities has contributed to economic development of the Country, offering also an once-over on the main industry involved in this process.
Mexico PEST Analysis
Approaching the research …show more content…
Tourism is also an important sector, providing employment for more than 13% of the work force, but in recent years suffered several problems which resulted in a fall of revenues by 4.5% in 2010 (Euromonitor International, September 2011).
S – Social Environment
Mexico is the most populous Spanish-speaking country in the world and the second most-populous country in Latin America after Brazil (Bureau of Western Hemisphere Affairs, December 2010). Its population has grown at an average rate of 1.3% from 1990 to 2010, when Mexico counted 109.0 million people. Population growth is