In: Business and Management

Submitted By aaramyan
Words 462
Pages 2
Armen Aramyan

Financial Economic development in Latin America


Drugs cartels in Mexico are hurting the economy of the country bringing down tourism as a big financial factor for Mexican economy.

In 2006 president Felipe Calderon began military actions against cartels and since then in 2012 47,515 people were reported killed in drug related violence. (Gonzalez) With that kind of statistics people do not want to visit Mexico. Such a beautiful country with a lot of history is occupied with corruption, poverty, red tape and monopolies (Maung ). In 2007 avarage of nine or ten people killed each day and in 2012 the number grew to 51 people per day.

Economy is growing at impressive rate at the moment but the cartels are slowing Mexican economy down. War between the military and powerful criminal cartels cost a lot of money to the government. Poverty is a big problem in Mexico that the war against cartels making worst by demolishing cities and killing what not innocent people (Maung).

Mexicans War is more than a war it is a humanitarian crisis affecting cities, streets families and up growing children. The percent of federal crimes made by women rose to 400% since 2007 (Schwartz). Obviously the new tactic to go to war with cartels hurt Mexican stability of living. Corruption made it unbearable for people to live. Too many cops close their eyes on drug trafficking or a murder because of the drug issues. Corruption buys police, fear does everything else. Economy is hurt because of corruption, overuse of power by officials and poverty. Tourism, however, is not as complex

In Mexico, there are a lot of dangerous places. The year 2010 alone had about 300 tourists’ dead per every 100,000 people visiting and living. Generally speaking it is getting worst because of narco-related violence due to drug war (Schwartz). Tourism dropped…...

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