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Module 1, Mexico - Coggle Diagram
Module 1
Regional Economic Integration
Free Trade Area (NAFTA)
Customs Union (MERCOSUR)
Common Market (ASEAN)
Complete Economic Integration (EU)
Requirements
state democracy
rule of law
human rights
respect for and protection of minorities
functioning market economy
ability to cope with market forces
ability to take on membership obligations
National Differences in Political Systems
Totalitarianism
Theocratic
Religious leaders in charge
Secular
Worldly power
Military power
Communism
inseparable political and economic systems
Democracy
Political rights
Civil liberties
Technology
Communication revolution
Global Tech Cold War
Data
AI revolution
Internet and technology spaces
Achieving dominance in emerging technologies
Technologists
Influence of political
Protectionism 2.0
Populist pressure
Spread of state capitalism
Ongoing geopolitical recession
Anti-establishment movements in develpoed markets
policymakers
move to protectionism approach to global economic competition
appear as if they are doing something about lost jobs
National Differences in Economic and Legal Systems
Economic Systems
Centrally planned (socialism)
Market economy (capitalist)
Free market economy
Neo-liberalism
Freedom
Market
Social Market economy
Corporatism
Equality
Collaborative
Statist market economy
Statism
Justice
State
Economic indicators
Population
GDP
GDP per capita (PPP)
GDP growth rate
Inflation
Unemployment
Government deficit
Public debt
Legal Systems
Common Law
Civil Law
Theocratic Law
Legal issues
trade and investment regulation
intellectual property protection
financial flows regulation
taxation
reporting requirements
ownership regulation
contractual relationships
dispute resolution
risk events
forced sale
discriminatory
barriers to repatration
loss of technology
interference
dishonesty
expropriation
Mexico
economic system, developing free market economy
Industrial Sector makes up approximately 25.7% of GDP
Agriculture makes up approximately 3.9% of GDP
Service Sector makes up approximately 70.5% of GDP
10th in the world for exports
legal system, civil law
Legislative Branch
Judicial Branch
"Jurisprudencia" case law does NOT have precedential value
Executive Branch
considered a non-corrupt country
political system, democratic republic
federal republic with 31 states and a federal district
expanding economic integration with the U.S.