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Answer to Question #2846 in Economics of Enterprise for Amy

Question #2846
What accelerated the move toward capitalism in Mexico?
Expert's answer
Mexico has one of the world's largest economies, and is considered both a
regional power and middle power. In addition, Mexico was the first Latin
American member of the Organisation for Economic Co-operation and Development
OECD (since 1994), and a firmly established upper-middle income country. Mexico
is considered a newly industrialized country and an emerging power. It has the
thirteenth largest nominal GDP and the eleventh largest by purchasing power
parity. The economy is strongly linked to those of its North American Free Trade
Agreement (NAFTA) partners, especially the United States. Mexico ranks fifth in
the world and first in the Americas by number of UNESCO World Heritage Sites
with 31, and in 2007 was the tenth most visited country in the world with 21.4
million international arrivals per year.

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