Mexico vs. Belize

The site of several advanced Amerindian civilizations - including the Olmec, Toltec, Teotihuacan, Zapotec, Maya, and Aztec - Mexico was conquered and colonized by Spain in the early 16th century. Administered as the Viceroyalty of New Spain for three centuries, it achieved independence early in the 19th century. Elections held in 2000 marked the first time since the 1910 Mexican Revolution that an opposition candidate - Vicente FOX of the National Action Party (PAN) - defeated the party in government, the Institutional Revolutionary Party (PRI). He was succeeded in 2006 by another PAN candidate Felipe CALDERON, but Enrique PENA NIETO regained the presidency for the PRI in 2012. Left-leaning antiestablishment politician and former mayor of Mexico City (2000-05) Andres Manuel LOPEZ OBRADOR, from the National Regeneration Movement (MORENA), became president in December 2018.

The global financial crisis in late 2008 caused a massive economic downturn in Mexico the following year, although growth returned quickly in 2010. Ongoing economic and social concerns include low real wages, high underemployment, inequitable income distribution, and few advancement opportunities for the largely indigenous population in the impoverished southern states. Since 2007, Mexico's powerful drug-trafficking organizations have engaged in bloody feuding, resulting in tens of thousands of drug-related homicides.

tsunamis along the Pacific coast, volcanoes and destructive earthquakes in the center and south, and hurricanes on the Pacific, Gulf of Mexico, and Caribbean coasts

volcanism: volcanic activity in the central-southern part of the country; the volcanoes in Baja California are mostly dormant; Colima (3,850 m), which erupted in 2010, is Mexico's most active volcano and is responsible for causing periodic evacuations of nearby villagers; it has been deemed a Decade Volcano by the International Association of Volcanology and Chemistry of the Earth's Interior, worthy of study due to its explosive history and close proximity to human populations; Popocatepetl (5,426 m) poses a threat to Mexico City; other historically active volcanoes include Barcena, Ceboruco, El Chichon, Michoacan-Guanajuato, Pico de Orizaba, San Martin, Socorro, and Tacana; see note 2 under "Geography - note"

note 1: strategic location on southern border of the US; Mexico is one of the countries along the Ring of Fire, a belt of active volcanoes and earthquake epicenters bordering the Pacific Ocean; up to 90% of the world's earthquakes and some 75% of the world's volcanoes occur within the Ring of Fire

note 2: some of the world's most important food crops were first domesticated in Mexico; the "Three Sisters" companion plants - winter squash, maize (corn), and climbing beans - served as the main agricultural crops for various North American Indian groups; all three apparently originated in Mexico but then were widely disseminated through much of North America; avocado, amaranth, and chili peppers also emanate from Mexico, as does vanilla, the world's most popular aroma and flavor spice; although cherry tomatoes originated in Ecuador, their domestication in Mexico transformed them into the larger modern tomato

note 3: the Sac Actun cave system at 348 km (216 mi) is the longest underwater cave in the world and the second longest cave worldwide, after Mammoth Cave in the United States (see "Geography - note" under United States)

note 4: the prominent Yucatan Peninsula that divides the Gulf of Mexico from the Caribbean Sea is shared by Mexico, Guatemala, and Belize; just on the northern coast of Yucatan, near the town of Chicxulub (pronounce cheek-sha-loob), lie the remnants of a massive crater (some 150 km in diameter and extending well out into the Gulf of Mexico); formed by an asteroid or comet when it struck the earth 66 million years ago, the impact is now widely accepted as initiating a worldwide climate disruption that caused a mass extinction of 75% of all the earth's plant and animal species - including the non-avian dinosaurs

Mexico's $2.4 trillion economy - 11th largest in the world - has become increasingly oriented toward manufacturing since the North American Free Trade Agreement (NAFTA) entered into force in 1994. Per capita income is roughly one-third that of the US; income distribution remains highly unequal.

Mexico has become the US' second-largest export market and third-largest source of imports. In 2017, two-way trade in goods and services exceeded $623 billion. Mexico has free trade agreements with 46 countries, putting more than 90% of its trade under free trade agreements. In 2012, Mexico formed the Pacific Alliance with Peru, Colombia, and Chile.

Mexico's current government, led by President Enrique PENA NIETO, has emphasized economic reforms, passing and implementing sweeping energy, financial, fiscal, and telecommunications reform legislation, among others, with the long-term aim to improve competitiveness and economic growth across the Mexican economy. Since 2015, Mexico has held public auctions of oil and gas exploration and development rights and for long-term electric power generation contracts. Mexico has also issued permits for private sector import, distribution, and retail sales of refined petroleum products in an effort to attract private investment into the energy sector and boost production.

Since 2013, Mexico's economic growth has averaged 2% annually, falling short of private-sector expectations that President PENA NIETO's sweeping reforms would bolster economic prospects. Growth is predicted to remain below potential given falling oil production, weak oil prices, structural issues such as low productivity, high inequality, a large informal sector employing over half of the workforce, weak rule of law, and corruption. Mexico's economy remains vulnerable to uncertainty surrounding the future of NAFTA - because the United States is its top trading partner and the two countries share integrated supply chains - and to potential shifts in domestic policies following the inauguration of a new a president in December 2018.

Tourism is the number one foreign exchange earner in this small economy, followed by exports of sugar, bananas, citrus, marine products, and crude oil.

The government's expansionary monetary and fiscal policies, initiated in September 1998, led to GDP growth averaging nearly 4% in 1999-2007, but GPD growth has averaged only 2.1% from 2007-2016, with 2.5% growth estimated for 2017. Belize's dependence on energy imports makes it susceptible to energy price shocks.

Although Belize has the third highest per capita income in Central America, the average income figure masks a huge income disparity between rich and poor, and a key government objective remains reducing poverty and inequality with the help of international donors. High unemployment, a growing trade deficit and heavy foreign debt burden continue to be major concerns. Belize faces continued pressure from rising sovereign debt, and a growing trade imbalance.

with a large population and relatively low broadband and mobile penetration, Mexico's telecom sector has potential for growth; adequate telephone service for business and government; improving quality and increasing mobile cellular availability, with mobile subscribers far outnumbering fixed-line subscribers; relatively low broadband and mobile penetration, potential for growth and international investment; extensive microwave radio relay network; considerable use of fiber-optic cable and coaxial cable; 5G development slow given the existing capabilities of LTE; IXP in Mexico City; exporter of computers and broadcasting equipment to USA, and importer of same from China (2021)

abundant rainfall in recent years along much of the Mexico-US border region has ameliorated periodically strained water-sharing arrangements; the US has intensified security measures to monitor and control legal and illegal personnel, transport, and commodities across its border with Mexico; Mexico must deal with thousands of impoverished Guatemalans and other Central Americans who cross the porous border looking for work in Mexico and the US; Belize and Mexico are working to solve minor border demarcation discrepancies arising from inaccuracies in the 1898 border treaty

Guatemala persists in its territorial claim to approximately half of Belize, but agrees to the Line of Adjacency to keep Guatemalan squatters out of Belize's forested interior; both countries agreed in April 2012 to hold simultaneous referenda, scheduled for 6 October 2013, to decide whether to refer the dispute to the ICJ for binding resolution, but this vote was suspended indefinitely; Belize and Mexico are working to solve minor border demarcation discrepancies arising from inaccuracies in the 1898 border treaty