Mexico’s Position in the World

Name
Course
Professor
Date
Mexico’s Position in the World.
Mexico is located in the middle part of America, which borders the Gulf of Mexico and the Caribbean Sea, between Belize and USA bordering the North Pacific Ocean between the USA and Guatemala. Its area is approximately 1,964,000 km². Mexico is adorned with physical features such as plateaus, deserts, mountain ranges, beaches, and jungles. Further, Mexico is known for its ancient ruins, rich culture, and special cuisines that define the country. Also, it has a tropical climate and cool highlands, which make it ideal for Mexicans and give it the ability to compete globally.
Additionally, Mexico contains several advantages that allow it to compete globally. First, it is strategically located to share a border with the North of the United States and Guatemala which makes the main asset for Mexico. Also, it is close to the world’s largest markets such as Canada, and Latin America. This attracts foreign investors and crucial market players. Further, it is the second-largest Spanish-speaking world, which makes it favorable for Latin Americans and other Spanish-speaking countries.
Natural Resources
Consequently, Mexico is rich in natural resources. oil forms the greatest natural resource and a source of foreign exchange. Mexico is among the world’s largest producers of oil, silver, copper, gold, lead, zinc, wood, and natural gas ( Ortega-Rubio). Oil forms the most traded natural resource since 1910 before the Mexican revelation. British was the first country to invest in and develop oil in Mexico. In the 1930s, the Mexican government introduced, Petróleos Mexicanos in an attempt to make profit returns from the oil go back to Mexican and nationalized the oil. In 2021, Mexico was ranked 12th in crude oil production, 16th in refined standards, and 5th in logistics and infrastructure (International Trade Administration).
Further, the availability of agricultural land has enhanced the Mexican economy to compete globally ( Cerón). Agriculture accounts for 2% of the Mexican GDP with corn, tomatoes, sugarcane, sorghum, coffee, and avocadoes being the main export products. the United States of America makes the greatest market for Mexican agricultural products. Mexico is the third supplier of the USA’s agricultural products. In 2021, Mexico exported agricultural-related products worth $ 21 billion (International Trade Administration).
Labor Force
Mexico has a relatively large population of young and old people. According to the UN data, Mexico has a population of approximately 132,794,586. Due to the demand in service, manufacturing, and agricultural industry, the high population of young people provides the workforce required for the industries. The unskilled labor lacks adequate education and provides direct labor in the industries. Significantly, semi-skilled laborers pose skills and talents for the workforce but have 2-3 years of experience in their respective tasks. Notably, skilled direct labor has become sophisticated and embraced in most manufacturing and technological fields. Thus, the well-established manufacturing sector has given Mexico a global competitive advantage. The automotive and electronic industries have...