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Mexico is a "developing country" because although it has many industries including automotive, steel or aircraft plants established on its soil, as a whole Mexico is not fully industrialized: there are many products and services that are still made on a handcraft scale.
Also, Mexico is a country of contrasts. There are regions within Mexico that have a quality of life comparable to Western Europe, whereas there are other regions with education, life expectancy and economic advancement equivalent to that of Africa.
For instance, San Pedro Garza Garcia in the state of Nuevo Leon has a quality of life such as that of Spain; Metlatonoc in the southern state of Guerrero has the same life quality of Malawi (a poor, hunger-striken African nation). In between you can find other cities such as Veracruz, Puebla or Mexico City.
Therefore, until Mexico attains certain "threshold of development" where all its people has a certain quality of life, it will continue to be considered a "developing country".
Wiki User
∙ 14y ago
Wiki User
∙ 14y agoIt is not. Mexico is an "emerging market" or "developing country" because although it has many industries including automotive, steel or aircraft plants established on its soil, as a whole Mexico is not fully industrialized: there are many products and services that are still made on a handcraft scale.
Also, Mexico is a country of contrasts. There are regions within Mexico that have a quality of life comparable to Western Europe, whereas there are other regions with education, life expectancy and economic advancement equivalent to that of Africa.
For instance, San Pedro Garza Garcia in the state of Nuevo Leon has a quality of life such as that of Spain; Metlatonoc in the southern state of Guerrero has the same life quality of Malawi (a poor, hunger-striken African nation). In between you can find other cities such as Veracruz, Puebla or Mexico City.
Therefore, until Mexico attains certain "threshold of development" where all its people has a certain quality of life, it will continue to be considered a "developing country".
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Why is Mexico a developing country using the word Mexico City in it?
Because Mexico is not the same as the US state of New Mexico. It is an independent country with a developing economy and has Mexico City as its capital.
Is lack of economic development a pressing problem for Mexico?
Yes. That is why Mexico is considered a developing country.
Is Mexico a second world countrey?
No. Mexico is a third world country. However, it's level of development qualifies it as an "emerging market" or "developing country".
Is the economy a success in Mexico?
No. It is still developing from an agricultural country into a developed country. See related questions.
What is the Political economis calssification of Mexico?
Emerging market or Newly Industrialized Country (NIC). It means it is a developing, capitalist country.
Is Mexico experiencing economic transition?
Yes, from an undeveloped country into an industrialized one. Such term is defined as "developing country" or "emerging market".
Is Mexico developed developing or third world?
Less developed than the US or Europe, more developed than some others.
How do they harvest their crops in Mexico modern or traditional?
Both. There is mechanized agriculture as well as traditional, subsistence farming. This is one of the characteristics of a developing country, and Mexico is classified as such.
Mexico is changing from an agricultural economy to what economy?
To an industrial economy. It has already began since the 1940's, but is not fully industrialized, which is why Mexico is still a "developing country".
Is srilanka a developed country or a developing country?
developing country
What world system category does Mexico fall on?
Federal presidential republic, emerging market, developing country on the third world.
Is Thailand a developed country or developing country?
developing country
