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The Mexican Economy
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On December 20, 1994, in an attempt to make Mexican products more competitive, Mexican President, Ernesto Zedillo Ponce de Len, devalued the Mexican Peso. Unfortunately, attempts at keeping the Peso to only a fifteen percent devaluation failed. The Peso dropped almost forty percent (Roberts, 1). It went from 3.5 to almost 7.5 peso's to the doll ....
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....tally corrupt and controlling government to a more democratic, privatized, and deregulated government. This has opened Mexico up to greater economical prosperity. Everything from government run factories to banks have been sold to foreign and Mexican investors, willing to pay high premiums for these assets.
With the threat of rebels in the south .... |
| Word count: 1603 |
Page count: 6 |
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