Mexico Grade 6, Unit 1, Lesson 3 ©2012, TESCCC

Key Understanding Interaction between a country’s government, its economic system, and the factors of production often determines the level of economic development in a country. Let us explore Mexico’s level of economic development. First, we need to understand the factors of production. ©2012, TESCCC

Mexico

Factors of Production Defined: Inputs used in the production of goods and services Examples Land Labor Capital: $$ Entrepreneurs (People willing to invest) Mexico’s Economic System: Free Enterprise/Free Market Economy ©2012, TESCCC

Mexico Information About Mexico 1.In groups of three, read the summary introductory paragraph from the web link above. 2.Read and gather information for your folded paper organizer. 3.Remember to focus on the economy, history and government. ©2012, TESCCC

Mexico’s Government Three branches of government: Executive, Legislative and Judicial President is elected for only one term (serves a total of 6 years and may not serve again) Two political party system Unfortunately, corruption within the government decreases the number of outside investors. ©2012, TESCCC

Mexico’s Economy Monetary Policy: historically Mexico has increased (printed more) money supply creating inflation and a devalue of their money. Lack of economic freedom (freedom to compete and protection of people) Corruption keeps the economy from growing because foreign investors are fearful of the instability. Manufacturing industries may take raw materials, buy materials from wholesalers, or buy materials from a retailer to make new products. – manufacturing in Mexico (Examples: clothing, toys, cars, houses, etc. Service industries provide intangible goods directly to the public, not final products – maquiladoras in Mexico (they provide labor, but companies are not Mexican), tourism as one of biggest industries after oil production. ©2012, TESCCC

Mexico’s Economy What determines the level of economic development for a country? Life Expectancy: the average number of years remaining in the life span of a person. (In Mexico– 76) Gross Domestic Product: a measure of the economy; the total market value of goods and services produced within a country per year. (In Mexico– 1.1 trillion) Gross Domestic Product per capita: this indicates the people’s standard of living; it is the country’s GDP divided by the number of people in the country. (In Mexico– $14,700) Literacy: the ability to read and write (In Mexico– 86%) ©2012, TESCCC

What is important to contemporary Mexico? ©2012, TESCCC

Muralists Diego Rivera, Jose Clemente Orozco, and David Alfaro Siqueiros were important artists in 20 th century. ©2012, TESCCC

What stories do murals tell? The mural tradition continues today, as shown in the mural we saw painted on the fence. ©2012, TESCCC

. Artist Hector Duarte, who lives in Chicago, has turned his home into a giant mural representing the struggles of a Mexican immigrant

This is a ________________ that illustrates __________________________________. ©2012, TESCCC

Evaluation: Performance Indicator ©2012, TESCCC

Corn Corn was first domesticated in Mexico about 8,700 years ago, around 6700 BC The story of corn is the story of Mexico. Public art in Mexico has a long history, predating European exploration Murals are one medium used to communicate with the people. ©2012, TESCCC