The Market Environment of Mexico

Paper Summary:

This paper explains that Mexico has been struggling with a policy of economic structural reform. The author points out that this country has a low inflation rate, which contributes to the increase in middle class credit consumption and to the stabilization of the economy. The paper relates that Mexico is facing an inequality distribution of income with about 50% of the country population living in the area of poverty. The author states that Mexico is a partner to the North American Free Trade Agreement (NAFTA) and belongs to the Organization for Economic Cooperation and Economic Development (OECD). The paper reports that, compared to the U.S. culture, the culture of Mexico rates higher on power distance, uncertainty avoidance and masculinity scales but lower on the individualism scale. The paper includes tables.

Table of Contents:
Executive Summary
Economic Environment
Population
Economic System
Stage of Economic Development
Market Characteristics
Income
GDP
Income Distribution
Power Distance
Uncertainty Avoidance
Individualism
Masculinity
Consumption Pattern
Inflation, Debt Problems
Balance of Payments
Infrastructure
Cultural Analysis
Elements of Culture
Mexican Culture
Language/Non-verbal Language
Social institutions
Religion
Education
Cross Cultural Comparison
The Product
Adapting to Cultures
Political and Legal Environment
Political-Legal Constraints
Other Types of Legal/Regulatory Activities
Types of Legal Systems

From the Paper:

"Since December 1, 2000, Vicente Fox (National Action Party) has won the landslide victory when it was inaugurated as the President of Mexico. It was a historical movement of power from the Revolutionary Institutional Party (PRI) to Vicente Fox (National Action Party). The Revolutionary Institutional Party has held for 71 years with taking the presidency. The current political party NAP has policy toward expanding trade, promoting economic reform, and reducing corruption.
The political environment has been tensed since the presidential election in 2006. "

Sample of Sources Used:

• Frucot, V. and Shearon, W. T. 1991. Budgetary Participation, Locus of Control, and Mexican Managerial Performance and Job Satisfaction. The Accounting Review, Vol. 66, No. 7: pp. 80-99.
• Hofstede, G. H. 1967. The Game of Budget Control. Van Carom.
• Hofstede, G. H. 1980. Culture's Consequences: International Differences in Work Related Values. Sage Publications.
• Hofstede, G. H. 1983. National cultures in four dimensions. International Studies of Management and Organization 13 (No. 1/2): 46 74.
• Hofstede, G. H. 1987. The cultural context of accounting. Accounting and Culture. Ed. B. Cushing, 1 11. American Accounting Association.

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