Business and Personal LawChapter 3: Tort LawGlobal LawMexico Mexico is located in Middle America, bordering the Caribbean Sea and the Gulf of Mexico. It is between Belize and the United States. Mexico declared its independence from Spanish rule on September 16, 1810. In 1994 a devaluation of the peso caused a difficult recession, but the country has been working to recover ever since. In July 2000 free and fair elections were held for the first time since 1910. Mexico has a free market economy that is increasingly dominated by the private sector. Mexico is considered a federal republic with 31 states and one federal district. The government is led by a chief of state, who is also the head of the government. The legislative branch of the government consists of the Senate and the Federal Chamber of Deputies. Mexico's judicial branch of government is made up of a Supreme Court with judges who are appointed by the president and approved by the Senate. The legal system is very similar to the U.S.constitutional theory and civil law system. |  |
