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As a free market economy, Mexico has taken a mixture of outmoded and modern industry to form their own style. This free market is dominated mostly by the private sector, who continually gains more control everyday. However, thanks to recent administrations, Mexico has been able to increase competition is many of their markets including seaports, railroads, electricity, airports, natural gas distribution, and telecommunications. Mexico’s market is constantly improving. In the past few years the have had a 6.9% growth, a drop in inflation to 6.5%, and a fall in interest rates. Also, the peso appreciated 5% against the dollar in 2001. Much of this growth is associated with putting more than 90% of all trade under free trade agreements. In 2001, Mexico City entered into free trade agreements with Guatemala, El Salvador, Honduras, and the European Free Trade Area. Despite this recent improvement in their economy, Mexico is still struggling. With the worst recession in half a century happening at the end of 1994, Mexico has been working constantly to make a recovery. Many of the issues facing those from Mexico include highly unequal wage distribution, underemployment for large population, few advancement opportunities, and low real wages. There are many things that have contributed to the recovery of Mexico. One of these things is the implementation of the North American Free Trade Agreement (NAFTA).
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