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The Mexican economy has shown a moderate degree of resilience in the face of a challenging global economic environment.
President Enrique Pena Nieto, in office since 2012, has made constitutional reforms in education, energy, and telecommunications the centerpiece of his administration. The top individual income tax rate is 35 percent, and the corporate tax rate is 30 percent. With no minimum capital required, launching a business takes less than 10 procedures, but completing licensing requirements remains costly.
More than 143 million Americans live in earthquake-prone regions in the Lower 48 states, according to research presented here Wednesday (April 22) at the annual meeting of the Seismological Society of America. In a previous estimate prepared in 1991, officials with the Federal Emergency Management Agency (FEMA) said 75 million people in 35 states were at risk of earthquakes.
As many as 28 million people in the 48 contiguous states could feel strong shaking in their lifetimes, he added.
Jaiswal and colleagues from the USGS, FEMA and the California Geological Survey analyzed the nation's earthquake risks by combining the 2014 National Seismic Hazard Maps with LandScan, a global population database. The research team also calculated the potential financial losses from earthquakes, using 2010 Census data and the 2012 replacement-cost values for buildings.
The study revealed more than 6,000 fire stations, more than 800 hospitals, and nearly 20,000 public and private schools that are built on shaky ground. The study does not account for the spate of induced earthquakes, which are man-made quakes linked to wastewater injection wells and hydraulic fracturing, Jaiswal said.

Becky Oskin covers Earth science, climate change and space, as well as general science topics.
Reform efforts have continued in many areas related to enhancing regulatory efficiency and liberalizing investment regimes.
The judicial system remains vulnerable to political interference, and property rights are not strongly protected.
Mexico is also replacing the current inquisitorial paper-based judicial process with an oral adversarial system that seeks to increase the quality, expediency, and transparency of Mexican justice. Mexico has reduced tariff and non-tariff barriers both unilaterally and through trade agreements. Geological Survey reveals earthquake ground motions for various probability levels across the United States. The 2014 map only covers the 48 contiguous states; Alaska, Hawaii and Puerto Rico will be updated in coming years. The average economic hit from building damage in the contiguous states was $4.5 billion, with 80 percent of the losses concentrated in California, Oregon and Washington.
Geological Survey has since issued new hazard maps that focus on man-made earthquakes and that will help people evaluate their risk of shaking from these quakes. Becky was a science reporter at Live Science and The Pasadena Star-News; she has freelanced for New Scientist and the American Institute of Physics. The murder of 43 college students by a drug gang in September 2014 after a political protest was a poignant reminder of Mexico’s ongoing epidemic of violence, corruption, and impunity.

In the wake of lower oil revenues, the government’s 2015 budget included significant cuts in subsidies to Pemex, the state-owned oil company, and CFE, the state-owned electricity firm, but housing subsidies were increased.
Oil and gas reserves are owned by the government, but the energy sector is being liberalized. The nation's most recent national seismic hazard maps are much more detailed than the 1996 version, Jaiswal said. However, the study researchers also found areas susceptible to building losses on the East Coast. As a result, Mexico has yet to see the expected increase in foreign direct investment that might come from a stronger rule of law and more competition. Contracts are generally upheld, but courts are inefficient and vulnerable to political interference.
Government spending now accounts for 28.1 percent of total domestic output, and budget deficits have been widening. The financial sector has become more competitive and open in spite of the challenging global environment. The reform agenda addressing these shortcomings has been extensive, but progress has been limited.

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