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MexicoMexico has a free market economy that recently entered the trillion dollar class. It contains a mixture of modern and outmoded industry and agriculture, increasingly dominated by the private sector. The nation continues to make an impressive recovery. Recent administrations have expanded competition in seaports, railroads, telecommunications, electricity generation, natural gas distribution, and airports. Per capita income is one-fourth that of the US; income distribution remains highly unequal. Trade with the US and Canada has tripled since the implementation of NAFTA in 1994. The government is cognizant of the need to upgrade infrastructure, modernize the tax system and labour laws, and provide incentives to invest in the energy sector. Mexico City is one of the leading publishing centres for Spanish-language books and magazines. It also has a large number of daily newspapers, some of which are respected for their objectivity and relative independence. Besides the country is a world leader in the production of Spanish-language television programming, videos, and other electronic media.
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