1) As the economic adviser for the New Mexico Office of Economic Development, one plan that can help to ensure that Mexico enjoys strong economic growth in the future is: to strengthen its Agricultural Sector and non-oil Industry Sectors by investing in cutting-edge technologies while encouraging and enabling entrepreneurs in this space to do the same.
As of 2021, Mexico's GDP clocked 1.293 trillion USD. 58% of that was Services, 32% was from Agriculture, and the balance was from services.
More specifically, the concept of multi-national investments especially in Africa should be considered in the area of driving the increase in the supply of protein for households.
2) China currently is a dominant and formidable global player, both economically and otherwise. Its unique value propositions are difficult to replicate. It has a population advantage, which successfully translated into a cheap labor market, thus attracting investors and foreign direct investment from all over the world.
Second, its advancements in tech and industry are unrivaled, being known as the global industrial hot zone. While the US has its strong abilities, it will always have China to contend with except if it can navigate the strong points listed above.
An Economic Adviser's responsibilities include, but are not limited to:
Information on economic changes and trends is analyzed. Examining federal policies and initiatives to ensure that they continue to support solid economic policy. Making economic policy recommendations that will benefit American workers.
He or she is also in charge of enabling, promoting, and insuring community and economic development in order to secure chances for economic and business growth as well as to increase local employment.
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