Why is mexico called a developing country

Here is a good defintion

http://en.wikipedia.org/wiki/Developing_country

The first site explains that there are no hard and fast rules for determining what is a developing country. It seems to me that Mexico falls just short of developed.

Check the second site for Mexico's statistics.

http://en.wikipedia.org/wiki/Developing_country

https://www.cia.gov/library/publications/the-world-factbook/index.html

Mexico is often referred to as a developing country because it is categorized by the United Nations and other global organizations as an economy still in the process of industrialization. The term "developing country" is used to describe nations that are working towards improving their social and economic conditions but haven't reached the level of developed nations yet.

There are several factors that contribute to Mexico being classified as a developing country. Here are a few key points to consider:

1. Economic Indicators: Developing countries typically have lower levels of per capita income, higher poverty rates, and more income inequality compared to developed countries. Mexico, despite having a growing economy, faces challenges such as income disparities, poverty, and a large informal sector.

2. Infrastructure and Services: Developing countries often struggle with inadequate infrastructure and basic services such as water, sanitation, healthcare, and education. While Mexico has made significant progress in these areas, there is still room for improvement, especially in rural and marginalized communities.

3. Human Development Index: The Human Development Index (HDI) is an indicator that measures a country's development based on factors like life expectancy, education, and income. Mexico's HDI ranks it in the high development category but still lower than many developed nations.

4. Industrialization and Economic Diversification: Developing countries typically rely on a few key industries or sectors for economic growth. Mexico has a diverse economy, with sectors like manufacturing, services, and tourism playing significant roles. However, there is still a need for further economic diversification to reduce dependence on certain industries.

5. Social Challenges: Developing countries often face challenges related to social development, such as access to quality healthcare, education, and social security. Mexico continues to work towards improving access to these services for all its citizens.

It's important to note that the categorization of a country as developing is not static. Over time, countries can progress and transition into developed status based on economic, social, and political advancements.