GK
WORLD GEOGRAPHY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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agricultural economy
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industrial economy
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system of transportation
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education system
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Detailed explanation-1: -Government Corruption The Mexican Institute for Competitiveness calculated that each year, corruption costs the country between 2% and 10% of its GDP, reduces foreign investment by 5%, and wipes out 480, 000 jobs from small and medium-sized businesses.
Detailed explanation-2: -Early Years. The Mexican wars of independence (1810-21) left a legacy of economic stagnation that persisted until the 1870s. Political instability and foreign invasion deterred foreign investment, risk-taking, and innovation. Most available capital left with its Spanish owners following independence.
Detailed explanation-3: -Economic Survey of Mexico (February 2022) But medium term growth prospects have weakened and growth over the past two decades has been low. Poverty rates and regional inequalities remain high. Informality, nancial exclusion or corruption have hindered productivity growth.