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Mexico economy - Essay Example

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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.
The Economist. "Corruption in Latin America." The Economist. 14 Mar. 2015. Web. 26 Mar. 2015.
The Economist. "Corruption in Latin America." The Economist. 14 Mar. 2015. Web. 26 Mar. 2015. ...Show more
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Summary

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…
Mexico economy
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