Mexico

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Contents

Basic Info

All of these statistics came from the World Factbook[1]

• The 11th largest population estimated at 114,975,406

• Urbanization (amount of people living in cities) is 78%

• Infant Mortality Rate is 104th in the world at 16.77/1000 people

• Life expectancy at birth is 76.66 years

• 12th largest GDP at $1.657 trillion

• Per capita GDP is 81st in the world at $15,100

• Unemployment is 5.1% ranking 49th in the world

• 18.2% of the population live in poverty

• Mexico's Gini Coefficient is 51.7 ranking it the 19th worst in the world


Some Old Facts

Distribution of Income or Consumption by Percentage Share: Mexico Lowest 10% 1.4 Lowest 20% 3.6 Second 20% 7.2 Third 20% 11.8 Fourth 20% 19.2 Highest 20% 58.2 Highest 10% 42.8 Survey year: 1995[2]


Poverty and Inequality

Even though there has been recent economic growth in Mexico, almost half of Mexico's population is still living in poverty. A study was able to find that there has been a 3.2 million rise in the number of people whom are poor, that happened between the years 2008 and 2010. Due to the huge increase that took place over just a couple year span, has increased the total number of people living in poverty to 52 million. Those 52 million people make up 46.2 percent of Mexico's total population. Out of those 52 million people it is found that 11.7 million people are actually living in extreme poverty, which has been the same since 2008. (2)

Factors of Poverty in Mexico

One of the main causes of poverty in Mexico can be attributed to individual condition. Individual condition refers to the factors of poor individuals, such as education, skill, IQ, and prejudice all have an effect on poverty. Education is noted as one of the most influential factors contributing to poverty. There is virtually no access to jobs without being educated.

The second factor affecting poverty in Mexico is geography. Statistics show poverty rates increase as the distance between cities increase. This is due to the lack of transportation and communication services in rural areas. Not only is transportation and communication a problem, but food and water also become a problem. It is more difficult for the government to supply adequate water and affordable food. Providing quality education and healthcare is also an on-going issue that is affecting poverty.

The third and most notable cause of poverty is due to the political economy of the country. The International Monetary Fund and World Bank arranged a structural change of policies that have been implemented in Mexico because the government has failed to enforce successful economic development. International Institutions cannot foresee lending Mexico money hoping they open ups it’s economy, causing Mexico to cut expenditures and being able to pay back loans. The IMF and World Bank programs are designed to reduce poverty, but in reality they are increasing it. [3]

  1. ↑ CIA World Factbook "[1]"
  2. ↑ http://www.nationsencyclopedia.com/economies/Americas/Mexico-POVERTY-AND-WEALTH.html
  3. ↑ http://eslbee.com/causes_of_poverty_in_mexico.htm

References

2 - Duncan, T. (2011). Rising poverty levels expose wealth inequality in Mexico. Retrieved April 23, 2012 from http://guadalajarareporter.com/news-mainmenu-82/national-mainmenu-86/29368-rising-poverty-levels-expose-wealth-inequality-in-mexico.html

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