subject: History Is The Witness: How Did Commerce Sustain The Mexican Economy? [print this page] It all started when Spain decided to see the rest of the world in the year 1519. The Emperor ordered his royal navy to negotiate the wide and treacherous sea for glory, God, and gold. We know they made the correct choice, they succeeded. Landed in Mexico, they considered it the other world not knowing yet how huge the role would be of this "other-world-land" that they have conquered. Mexico was well on it's way to the international economy.
If you just carefully check the world map, Mexico seems to be the center. Yes, literally the center of the world. It serves as a gateway in connecting the North and South America, and in between Europe, Africa, and Asia.
Mexico is a tropical country; the majority of the country is dry with occasional rain showers. With it's natural produce like rare spice, vegetables and other crops like corn and soy, it waived for the settlers notice. Europeans' primary intention was to collect spices and nothing more, but when they have learned the great role Mexico would play, they have decided to go further. They grabbed the entire nation.
Imperialism turned business, the conquerors decided to go Asian. They conquered the Philippines also and traded with other Asian countries and all brought to Mexico for further trade. Basically, Mexico turned the warehouse of the world which gave them the idea to reproduce what they have seen from the world. It was their first hand experience with the international economy. The trade industry grew due to Europe's hunger for much more. Mexico was one of those many nations who worked to please Europe's cravings.
The beginning of their race to financial rally started after their independence from Spain and the latter political chaos. European immigration began and the foreign investments started coming in. There have been great changes from the politics to the social status of its individuals. 1970 was the year called Mexican Miracle because of it's growth as a country in general especially on economic status.
Today, Mexico already soared to great heights with it's increased investments. It has proved well with it's expanded public infrastructure such as added highways, railroads, airports, also on telecommunications, distribution of natural gas, and electricity distribution. Mexico's weapon to the great international economy is their numerous investments and the Free Trade Agreements with other progressive countries like all of European Unions, Canada, USA, the rest of Central America, South American countries, Israel, Japan and 40 other countries. It is a member of international organizations like WTO (World Trade Organization), APEC (Asia Pacific Economic Cooperation), OECD (Organization for Economic Cooperation and Development), and of course, NAFTA (North American Free Trade Agreement).
Mexico is still growing to date, it'll move to the top of the international economy and investment. Now its ranked the thirteenth based on nominal number. Really, Mexico has something to say to the global economy. A great leap only some would be able to manage.
With this objective in mind, the institution supports the export activity of companies established in the country and co-ordinates actions to attract foreign direct investment to national territory. ProMexico was established on June 13, 2007, as a sectoral public trust under the Ministry of the Economy, and operates through a network of 25 offices throughout Mexico and more than 27 offices abroad.
