why is mexico called a developing country?
http://www.isi-web.org/component/content/article/5-root/root/81-developing
Mexico is considered a developing country due to several factors. It is important to note that the term "developing country" is a broad classification used to describe nations that are in the process of improving their overall economic, social, and political development. Here are some key reasons why Mexico is categorized as a developing country:
1. Economic indicators: Developing countries generally have lower levels of economic development compared to developed countries. Mexico's economy, while large and diversified, still faces various challenges. Factors such as income inequality, high poverty rates, and a significant informal economy contribute to its development status.
2. Social development: Developing countries often struggle with social indicators such as education, healthcare, and basic infrastructure. In Mexico, access to quality education, healthcare services, and basic amenities are still limited or unevenly distributed, particularly in rural areas.
3. Political factors: In terms of political development, developing countries like Mexico usually face issues such as corruption, weak institutions, and a lack of transparency. Mexico has been grappling with challenges related to political corruption, crime, and drug trafficking, which can hinder its progress towards becoming a developed nation.
Assessing a country as a developing nation involves a multifaceted analysis, considering various factors beyond those mentioned above. International organizations like the United Nations and the World Bank provide criteria and indicators to evaluate development status. These measures encompass economic growth, human development, social indicators, and institutional strength to determine a country's level of development. It is crucial to monitor and support developing countries to foster sustainable growth and improve living standards for their populations.