Human development index
Mexico is characteristically divided into the north and south in terms of the human development index. Usually, the northern and Yucatan peninsula states often reveals HDI values that are rated as medium or higher in comparison to southern states. This is relatively due to the huge disparities in the levels of education (Economic freedom). Chile has risen to number 40 on the human development index according to the UN. According to this index, Chile is the highest ranking nation in Latin America followed by Argentina. This index normal incorporates data from factors such as education, health, as well as the general standards of living. Chile has been gradually rising since 1980 (Economic freedom). The rapid improvement in Chile’s HDI is due to its emphasis on encouraging foreign direct invest and use of modern technology in most of its economic sectors. Chile has illustrated how a strong emphasis on human development and pragmatic policies from government can create opportunities in the economic environment facilitated by globalization.
Population and growth
As at July 2014, Mexico was estimated to have a total population of about 123,799,215 people. The total population of the country is estimated to account for about 1.7% of the entire global population. Moreover, Mexico is ranked at number 11 in terms of its population density in the world. Over the years the population has been growing at an alarming rate, which is estimated to be 1.2% annually (Vargas-Hernàndez, & Noruzi). As at January 2016, the total population of Chile was estimated at 18.05 million people. This represented an increase of about 1.07% in comparison to the population the previous year. The average annual increase in population is estimated at 0.9%. The population density in the country is estimated at 23.9 persons per every square kilometer, which is significantly lower than that of Mexico (IndexMundi).