SELECT ALL THAT APPLY

question 45

Multiple Choice

SELECT ALL THAT APPLY. Which of the following reforms did Mexico undertake to liberalize its economy?

• A) It reduced tariffs and integrated markets with Canada and the U.S. via NAFTA.
• B) It established a Ministry of Commerce and Industry to oversee the economy.
• C) It strengthened its public-sector bureaucracy by adding jobs and money.
• D) It established an independent central bank and more competitive private banks.

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Definitions:

World Trade Organization

An international organization that regulates and facilitates global trade between nations.

Antidumping Code

A set of international regulations designed to prevent dumping, which is the practice of exporting goods at a price lower than their normal value, often with the intent of driving out competition.

MIGA

The Multilateral Investment Guarantee Agency, an international organization that offers political risk insurance and credit enhancement to investors and lenders.

Developing Nations

Countries with lower levels of socioeconomic development, characterized by lower incomes, less industrialization, and often higher levels of poverty compared to developed countries.