Mexico is a Latin American federal republic which gained independence from the Spanish colonizers in 1810 and has a population of approximately 124 million people. It is a firmly established middle-income country, with purchasing power parity (PPP) of US $ 2.602 trillion, which has been ranked 11th globally. It has...

Indicative Summary and Highlighting statementsThis graph from Income in Canada (2016) represents data collected in the census conducted in 2016 on the income of individuals living in Canada (Income in Canada, 2016). The data analyses various perspectives, for instance, ranking household incomes according to territories, the proportion of the population...

Earlier this month, Colombian voters rejected a referendum on a peace deal with FARC, an armed guerrilla movement that has been at war with the Columbian government for a half-century. Pollsters had expected the peace deal to be approved by a two-to-one margin, and the defeat by a miniscule margin...

Crude oil is one of the commodities, which have a rare power to influence the global market substantially. Some economists suggest that "the rule of thumb is that a 10% fall in oil prices boosts growth by 0.1-0.5 percentage points” ("Who’s afraid of cheap oil?", 2016). Bloomberg shows that the...

Different economies from across the globe register different levels of economic performance. This is especially because the different economies have different resources and capabilities. What is more is that they each focus on different core economic activities. According to Jones, (1998) another reason for the considerable differences in economic performance...