Mexico Stats

3 Pages 733 Words

Mexico
History

- Independence from Spain was proclaimed by Father Miguel Hidalgo on September 16, 1810.

- A republic was proclaimed in December 1822 and established in 1824.

- Augustin de Iturbide, defeated the Spaniards and ruled as Mexican emperor from 1822- 1823.

- Napoleon III of France established as Emperor of Mexico, was deposed by Juarez and executed in 1867.

- The Institutional Revolutionary Party (PRI), is the most important political force in the nation.

- For almost 70 years, Mexico's national government has been controlled by the PRI.

- The PRI has won every presidential race and most gubernatorial races.

Economy

- Sustained economic growth is vital to Mexico's prospects for a successful evolution to a more competitive democracy.

- In recent years, Mexico has sought economic prosperity through liberalization of its trade regime.

- In January 1994, Mexico joined Canada and the United States in the North American Free Trade Agreement (NAFTA), which will phase out all tariffs over a 15-year period.

- Four months later, in April 1994, Mexico joined the Organization for Economic Cooperation and Development (OECD).

- Mexico was the first Latin American member of the Asia-Pacific Economic Cooperation forum (APEC), when they joined in 1993, and in January 1996, became a founding member of the World Trade Organization (WTO).

- In 1996, Mexico's economy grew over 5%, recovering from the recession more briskly than anticipated. Inflation fell, unemployment fell, and the peso stabilized.

- Mexican real GDP grew about 7% in 1997.

Politics

- The Congress is composed of a Senate and a Chamber of Deputies.

- The executive is the dominant branch, with power vested in the president.

- Consecutive re-election is prohibited. Senators are elected to 6-year terms.

- Deputies serve 3-year terms.
...