Mexico Assignment - Research Paper Example

The Government of Mexico is a Federal Republic. Mexico accepts jurisdictions from ICCt with provisos. The official language of Mexico is Spanish. Mexico City is the largest city and capital of Mexico. Other major cities are Ecatepec, Puebla, Guadalajara, Monterrey, and Nezahualcoyotl. The currency of Mexico is Mexican peso (Central Intelligence Agency, 2012). Free market forces and privatization dominate the Mexican market. It is made up of modern as well as outmoded agriculture and industry.

The per capita income of Mexican person is one third of that of U.S. According to CIA the Gross Domestic Product (Purchasing Power Parity) of Mexican economy is $1.683 trillion as of 2011. Being a member of NAFTA, Mexico enjoys the benefits of increased imports from the U.S; also Canadian imports have increased to 5%. Mexico also has made several free trade agreements with countries such as Japan, the European Free trade Area, El Salvador, Honduras, and Guatemala. Mexico has 1,724 airports which is the third largest in the world.

It has one helicopter as of 2012. There are fifty two merchant marines. The ports and terminals of Mexico include Altamira, lazaro Cardenas, Salina Cruz, Dos Bocas terminal, Cayo Arcas terminal, Coatzacoalcos, Manzanillo, Altamira, and Veracruz. There are 19.892 million telephone users and 91.363 million cell phone users in Mexico as of 2009. There are 15.165 million internet hosts and 31.02 million internet users in mexico as of 2010 (Central Intelligence Agency, 2012). Roman Catholicism is the major religion of Mexican people.

Other minorities are from other dominations of Christianity. The culture of Mexico is a blend of Mexican and Spanish traditions as an influence of Spanish rule over Mexico for over 300 years. Today, many traditions from U.S have been made part of the Mexican culture. Mexican tradition is a family oriented one with family values and norms being the top most priority. Major festive of Mexico include Cinco de Mayo which is celebrated on May 5th each year as a festive of freedom, liverty, and independence; El Grito de Independencia which is the official holiday (the Independence Day); Los Dias de Los Muertos which actually means Day of Dead but is a Mexican celebration of both living and dead.

It is celebrated on November 1 and 2. Punctuality is not an issue as more stress is laid upon personal commitements. The time for appointments is between 10am and 1pm but late afternoon is always considered a second choice (Berg,1997). Like most of the cultures, business entertaining is an important part of Mexican lifestyle as well. Most of the business meetings take place at breakfast or at lunch and can go on for more than two hours. There is no rule as to what will be the highlight of business meetings; sometimes they talk about business sometimes not.

But, it is a great chance to build up personal relationships. A large meal is served at breakfast, lunch, and dinner in Mexico with alcohol served at lunch and dinner time; but mostly it’s a norm of dinner time. Breakfasts at the hotel you staying are also common. Private home meetings are not the norm of Mexican society. The person who usually invites pays the bills but if you are a client and other party supplier it is best you pay the bills. Splitting bills is a poor strategy (World Business Culture).

In Mexico, men are supposed to shake hands when meeting a person and then leaving but they should wait for the women to