Why do HN commentators assume Mexico is a 3rd world shithole?
It's kind of surprising how a country that China has only just caught up to in GDP per Capita [3] and HDI [4] is assumed to be a shitshow of an economy.
Hell, the household income in China [0] (~$4,000) is still 30-50% of Mexico's [1] (~$12,000)
Mexico has it's problems, but most of that stems from the Peso Crisis in the 1990s, which was similar to the recession China is faced during COVID.
It's kind of surprising how a country that China has only just caught up to in GDP per Capita [3] and HDI [4] is assumed to be a shitshow of an economy.
Hell, the household income in China [0] (~$4,000) is still 30-50% of Mexico's [1] (~$12,000)
Mexico has it's problems, but most of that stems from the Peso Crisis in the 1990s, which was similar to the recession China is faced during COVID.
[0] - http://www.stats.gov.cn/english/PressRelease/202201/t2022011...
[1] - https://www.economia.gob.mx/datamexico/es/profile/geo/mexico
[2] - https://data.worldbank.org/indicator/NY.GDP.PCAP.CD
[3] - https://hdr.undp.org/data-center/country-insights#/ranks