best answer > Is Mexico developed or developing country?- QuesHub | Better Than Quora
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  • Oliver Davis——Works at the International Criminal Police Organization (INTERPOL), Lives in Lyon, France.

    As a field expert in international development and economics, I have spent considerable time studying the intricacies of global economic systems and the various factors that contribute to a nation's development status. The question of whether Mexico is a developed or developing country is a nuanced one that requires an in-depth analysis of several key indicators, including economic growth, GDP per capita, human development, industrialization, and social welfare systems, among others. Economic Growth and GDP per Capita: Mexico has been making significant strides in economic growth over the past few decades. According to the World Bank, Mexico's GDP (Gross Domestic Product) has been growing steadily, reflecting an expanding economy. However, when it comes to GDP per capita, which is a measure of the average economic output per person in a country, Mexico still lags behind many developed countries. As of the latest available data, Mexico's GDP per capita is significantly lower than the threshold often associated with developed countries. Journalist Carlos Mota's statement that Mexico must double its GDP per capita to $35,000 to be considered developed underscores the economic gap that still exists. Human Development Index (HDI): The United Nations Development Programme (UNDP) publishes an annual Human Development Report that includes the HDI, a summary measure of average achievement in key dimensions of human development: a long and healthy life, being knowledgeable, and having a decent standard of living. Mexico's HDI ranking, while indicating progress, is typically within the 'medium human development' category, which is more characteristic of developing countries than developed ones. **Industrialization and Technological Advancement:** Industrialization is a critical component in the transition from a developing to a developed economy. Mexico has a robust manufacturing sector, particularly in the automotive and electronics industries, and it has become a significant exporter. However, the level of technological advancement and innovation, which are hallmarks of developed countries, is still a work in progress in Mexico. Structural Reforms: Endorsement of Mexico's structural reforms has indeed been a positive step. These reforms are aimed at improving the business environment, reducing corruption, and enhancing the efficiency of government services. They are crucial for fostering sustainable economic growth and improving the country's development prospects. Social Welfare and Quality of Life: A developed country typically has well-established social welfare systems that ensure a basic standard of living for all citizens. While Mexico has made efforts to improve social services and reduce poverty, challenges remain in areas such as healthcare, education, and income inequality. The country still grapples with issues that are more commonly associated with developing nations. Inequality and Poverty: Despite economic growth, income inequality in Mexico is relatively high, which affects the overall quality of life and the ability to classify the country as developed. Reducing poverty and inequality is a complex challenge that requires targeted policies and long-term commitment. In conclusion, while Mexico has made significant progress in various areas and has elements of a developed economy, it still faces challenges that are typically associated with developing countries. The endorsement of structural reforms is a positive step, but the country will need to continue its efforts to improve GDP per capita, human development, and social welfare systems to fully transition to a developed nation status. read more >>
  • Ava Rodriguez——Studied at Harvard University, Lives in Cambridge, MA

    Endorsement of Mexico's structural reforms has helped the nation take an important step toward becoming a developed country; but it still needs to work on developing its talent -- To become a developed country Mexico must double its GDP per capita to $35,000, said journalist Carlos Mota.Nov 25, 2014read more >>

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