Mexico's Economy: Checkpoint 1

Quick checkpoint - five questions on Mexico's economy, the Mexican Miracle, the 1982 crisis, maquiladoras and Pemex.

Quick checkpoint - five questions on Mexico’s economy, the Mexican Miracle, the 1982 crisis, maquiladoras and Pemex.

Question 1 of 5 About what share of Mexico's exports go to the US?

80 percent 10 percent 30 percent 100 percent

Mexico became the US's largest trading partner in 2023.

Question 2 of 5 What drove the Mexican Miracle?

Import substitution and state investment Free trade with China Tourism alone Remittances

Growth averaged around 6 percent a year.

Question 3 of 5 What triggered Mexico's 1982 default?

Falling oil prices and rising US interest rates A tech boom Low debt High coffee prices

It sparked Latin America's lost decade.

Question 4 of 5 What do maquiladoras do?

Import parts, assemble and export goods Grow avocados Drill oil Print money

They cluster near the US border.

Question 5 of 5 When did Mexico nationalise its oil industry?

1938 1982 2013 1990

Pemex was created then.

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