Effect of Mexicos Automotive Industry on North American Economies Essay

Effect of Mexicos Automotive Industry on North American Economies - Essay Example The paper tells that Mexico has emerged as one of the leading recipients of manufacturing investments including in the automotive industry. In fact, according to Bureau of Economics and Business Affairs, Mexico has gained a foothold in the world and has jumped to be the eighth world producer of automobiles in the world. Among the two dominant North American economies, Canada and the United States, the latter has been the leading source of foreign direct investment in Mexico.   As a matter of fact, up to fifty percent of FDI in the first 9 months of the year 2012 were from United States investors. according to Keenan, Canada has continually fallen behind both Mexico and the United States in the auto industry over the years. Reduced investment in Canada’s auto industry has seen the investment being redirected towards the Mexican economy. In effect ballooning the Mexican economy and hurting the Canadian economy.   Major Investors in the Canadian economy are from the United St ates, and hence when they transfer their investments to another economy they shatter one and hurt the other, the effect, the Canadian economy is reeling from. Two reasons can be attributable to such an effect, first, unlike Mexican labour market, the Canadian market just like the United States labour market is very expensive and therefore employers undergo more operational costs. Secondly, Keenan, remarks that the Canadian dollar has hurt the economy, affecting its competitive position. The Mexican peso has provided not only the United States investors with favorable opportunities to make more profits, but also the Asian and European auto giants.

Overcoming a academic Challenge Scholarship Essay

Overcoming a academic Challenge - Scholarship Essay Example At the end of high school, I was accepted to Miami-Dade College. This is a community college that was affordable and could get me on track towards medical school. I worked hard for good grades, and have now been accepted to the University of Miami. While I was excited to transfer, going to the University of Miami has presented me with my greatest academic challenge. The classes at the University of Miami are completely different than they were at Miami-Dade College. The pace of the learning is very rapid. Information is presented in large chunks during class time. I have found that I sometimes leave class wondering how I will remember everything that was presented. The professors teach differently at the University of Miami as well. They are very professional and require the student to be responsible for her own learning. They are always willing to help explain things I do not understand, but I need to go to them to ask. They are not willing to let students just glide through their classes. This is especially true of the tests that these professors give. There is no way you can guess your way through the material. You must come prepared or you will fail. Overall, my greatest academic challenge is adjusting to the more challeng ing academic standards since my transfer to the University of Miami. Thankfully, my family taught me how to deal with challenges that confront you in life. The first thing I changed in order to overcome this challenge is to reduce the amount of time I spent with friends. I am the type of person that enjoys an active social life. I never study with friends because when I am with them I want to have fun. I found that being successful at the University of Miami required be to spend less time having fun with friends and more time reviewing class notes, lectures and reading in my textbook. This has not been a pleasant adjustment, but it has been a necessary one. My