"How can Mexico Diversify its Economy in the future?".
In this paper I want to explain several ideas of change that Mexico can take to diversify its economy, increase its gross domestic product (GDP), reduce unemployment, increase foreign investment and improve the level of life. The next ideas that I explain in the followings paragraphs are about current problems that Mexico is facing and also I propose some solutions to them. To do this essay I have been reading some papers and Internet sites to find out to actual situation in Mexico and the changes that some economists and specialist explain to solve the situation.
First of all I like to define the word diversification, in the way I take it in this paper, diversify means give some variety to something, take different ways to do something. Here is that Mexico has to take other ways to improve and increase its economy, find other ways of trade and give some advantages to foreign investors to put them eyes and the most important thing, their money in Mexican companies to give us employ and developing opportunities. Also I will some ways Mexico can take to be less dependent of the United States economy.
The first point that I make in this paper is about the huge number of steps, documents and proceedings that Mexican government ask to make a business, Eugenio Clariond said, "How people permit new taxes from government, this is because the only way they can charge us taxes is by the eay of they products, electricity, gas, fuel." Also you can add the high wages that bureaucracy people have in Mexico. These both affects the Mexican competition and the employment, because with all this obstacles of the government, foreign companies don't want to invest in our country, and reduce the employment opportunities. Javier Belmares said, "This puts Mexico in a very serious disadvantages against other countries." Other point is about the goods of the government , for example the fuel the natural gas and the electricity.
