mexico lesson 3 c economy. do now who do you think has a better economy? united states mexico ...
TRANSCRIPT
Mexico
Lesson 3 C Economy
Do Now Who do you think has a better economy?
United StatesMexico Give at least three reasons to support your answer.
Essential Question
What are the main characteristics of Mexico’s economy?
Vocabulary
Maquiladoras
maquiladora A factory located along Mexico’s northern
boarder with the United States.
Assembly plants where workers are putting together products from parts imported to Mexico.
Maquiladora continued…
How would you describe the economy of Mexico?
1. Read pages 185-187. Mexico’s Economy
Primary Industries
An economic activity that directly involves natural resources or raw materials
Farming and Mining are examples (corn, wheat, soybean,rice,coffee, tomatoes, and wood products.
3.9% of labor force is involved in primary industries.
Secondary Industries (Factories) Most factories are Maquiladoras
(assembly plants). Mexico City is the main manufacturing
center Products-petroleum, mining, textiles,
clothing, motor vehicle parts 32.8% of workforce is employed in
Factories
Service Industries
An industry where no goods are produced Hospitals, hotels, police, fire, restuarants,
transportation, banking Provide more than half of Mexico’s jobs
(63.4%)
Exports
Major exporter of oil since 1970 Export about 1.225 million barrels of oil
per day Huge exporter of assembled goods
manufactured in Mexico and exported primarily to US.
United United StatesStates
CanadaCanada MexicoMexico
GDP GDP
In DollarsIn Dollars16.2316.23
trilliontrillion1.474 1.474 trilliontrillion
GDP Per GDP Per CapitaCapita
In DollarsIn Dollars
$51,700$51,700 $42,300$42,300
UnemploymentUnemployment 8.1%8.1% 7.3%7.3%
exchange exchange raterate
US DollarUS Dollar Canadian Canadian DollarDollar
.99.99
Life Life ExpectancyExpectancy
78 years78 years 81 years81 years
United United StatesStates
CanadaCanada MexicoMexico
GDP GDP
In DollarsIn Dollars16.2316.23
trilliontrillion1.474 1.474 trilliontrillion
1.798Trillio1.798Trillionn
GDP Per GDP Per CapitaCapita
In DollarsIn Dollars
$51,700$51,700 $42,300$42,300 $15,400$15,400
UnemploymentUnemployment 8.1%8.1% 7.3%7.3% 5%5%
exchange exchange raterate
US DollarUS Dollar Canadian Canadian DollarDollar
.99.99
PesoPeso
13.1713.17
Life Life ExpectancyExpectancy
78 years78 years 81 years81 years 76 years76 years
NAFTA
North American Free Trade Agreement
An agreement between Canada, Mexico, and the United States that allowed the countries to trade freely with each other.
(NO TAXES ON IMPORTS)
Summarization Activity
How would you describe the economy of Mexico? What are the main characteristics?
Tell me 4 important things that you learned about Mexico’s economy.