why is mexico a LEDC? and why is USA a MEDC? please help
You need to clarify your terms.
LEDC = http://www.google.com/search?q=LEDC&rls=com.microsoft:en-us:IE-SearchBox&ie=UTF-8&oe=UTF-8&sourceid=ie7&rlz=1I7SUNA
MEDC = http://www.google.com/search?hl=en&rls=com.microsoft%3Aen-us%3AIE-SearchBox&rlz=1I7SUNA&q=MEDC&btnG=Search
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Mexico is generally considered a less economically developed country (LEDC) while the United States is considered a more economically developed country (MEDC) due to several factors. Let's break it down:
1. Gross Domestic Product (GDP): GDP measures the total value of goods and services produced within a country's borders. The USA has a significantly higher GDP than Mexico, indicating a stronger and more developed economy.
To find GDP information:
- For the USA: You can check the official website of the Bureau of Economic Analysis (www.bea.gov) for the latest GDP figures.
- For Mexico: The National Institute of Statistics and Geography (INEGI) provides GDP data (www.inegi.org.mx).
2. Industrialization and Infrastructure: MEDCs usually have more advanced industrial sectors, including manufacturing, technology, and services. The USA has a highly diversified economy, with well-developed infrastructure, advanced industries, and a high level of technological innovation. On the other hand, Mexico's industrial sector is less developed, and it relies more on agriculture and low-skilled industries.
To explore industrialization and infrastructure:
- You can research reports from international organizations like the World Bank, Organization for Economic Co-operation and Development (OECD), or the United Nations Development Programme (UNDP) for detailed information on the economies of Mexico and the USA.
3. Human Development Index (HDI): HDI measures overall development by considering factors such as life expectancy, education, and income. MEDCs typically rank higher on the HDI scale due to better access to healthcare, education, and higher income levels. The USA consistently ranks higher on the HDI compared to Mexico.
To find HDI data:
- The United Nations Development Programme (UNDP) publishes the Human Development Index annually on their website (www.hdr.undp.org).
It's important to note that categorizing countries as LEDCs or MEDCs is a simplification of complex economic and social realities. There are varying degrees of development within each country, and factors such as inequality, poverty, and regional disparities should also be considered when examining a country's economic development status.