The selected problems of economic development of Mexico at the begining of the twenty-first century

Aleksander Grzelak , Angelika Dziubak

Abstract

The purpose of this article is to describe the current economic situation of Mexico and the most important problems affecting its development. The time range of the analysis covers the period 2001-2010. At the beginning the evaluation of an economic situation of Mexico and its determinants have been made. Then the most important problems in the development of Mexico constituting a challenge for the authorities of the country for the next years have been presented. It has been stated that the economy of Mexico has achieved a relatively stable macroeconomic situation. Strong economic links with the United States are of great importance for the economic development of the country. However, Mexico still faces a lot of challenges, including, first of all, high level of poverty and unemployment, spatial disparities of income and drug business and the excessive dependence of foreign trade on the economy of the USA. Some of these problems are universal for developing countries.