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Agriculture in Mexico has been an important sector of the country’s economy historically and politically even though it now accounts for a very small percentage of Mexico’s GDP. Mexico is one of the cradles of agriculture with the Mesoamericans developing domesticated plants such as maize, beans, tomatoes, squash, cotton , vanilla, avocados ...
The economy of Mexico is a developing mixed-market economy. [21] It is the 13th largest in the world in nominal GDP terms and by purchasing power parity as of 2024. [ 4 ] Since the 1994 crisis , administrations have improved the country's macroeconomic fundamentals .
Mexico's economy in the colonial period was based on resource extraction (mainly silver), on agriculture and ranching, and on trade, with manufacturing playing a minor role. In the immediate post-conquest period (1521–40), the dense indigenous and hierarchically organized central Mexican peoples were employed as labor and producers of tribute ...
MEXICO CITY (AP) — Mexico’s new president announced an agriculture plan Tuesday that could make the country’s food production and distribution look a lot more like it did in the 1980s, when meals in Mexico were dominated by tortillas, beans, instant coffee and cheap hot chocolate.
Agricultural products from Mexico and Canada, in particular, could become more expensive for consumers, as grocery retailers operate on thinner profit margins than most industries.
Claudia Sheinbaum, front-runner in Mexico's presidential race, aims to overhaul water governance in the agriculture sector, the top user of the country's scarce supply, with a potential investment ...
Along with climate and corresponding types of vegetation, the economy of a nation also influences the level of agricultural production. Production of some products is highly concentrated in a few countries, China, the leading producer of wheat and ramie in 2013, produces 95% of the world's ramie fiber but only 17% of the world's wheat.
However, part of this surge can be attributed to the continued economic stagnation in Mexico and the reliance of United States agriculture on low-wage migrant workers. [12] The heavily subsidized agricultural industry was able to compete with Mexican agriculture following the passage of NAFTA, which affected the ability of Mexican rural farmers ...