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Mexico economy - Essay Example

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Currently, corruption pervades all parts of the political government. As a result, only a few individuals gain, majority of the Mexican population and feel the heat of corrupt…
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Corruption in Mexico Summary: Massive political corruption is the major contributor to the economic decline in Mexico. Currently, corruption pervades all parts of the political government. As a result, only a few individuals gain, majority of the Mexican population and feel the heat of corrupt practices. .The current Mexican population has plenty to grumble about, from the stagnant economy to growth of the poverty level in the country.
Development: Though Mexico is a middle-class country, the rampant corruption of its leaders hurts the economic growth of the country. Corrupt activities in Mexico have been accentuated by the democratization and the market reforms adopted by the country. Though the authorities and citizens believed these new changes would eliminate graft, instead they fuelled and provided new avenues for corrupt activities. Democracy gave rise to selfish and power hungry individuals that hold powerful political positions. Ironically, economic reforms such as privatization of the companies enhanced graft instead of improving the economy. Furthermore, the massive trading activities in the country in the early millennium resulted in huge embezzlement of public funds. The corruption index currently shows that 27.2 percent of Mexicans are corrupt.
Analysis: No sector of the Mexican economy is untouched by corrupt activities. Consequently, a fifth of wealthy businessmen claim corruption is the primary obstacle that hinder their investment activities in the country. Additionally, the poverty level is high since Mexicans have a tendency of paying bribes even for essential services such as water supply. As a result, a quarter of the country’s total income is spent on corrupt activities.
Source:
The Economist. "Corruption in Latin America." The Economist. 14 Mar. 2015. Web. 26 Mar. 2015. Works Cited
The Economist. "Corruption in Latin America." The Economist. 14 Mar. 2015. Web. 26 Mar. 2015. Read More
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