Investing in Mexico : can't stand the heat.
FARMER, Edward
Investing in Mexico : can't stand the heat. - 1997
Discusses strict policies which are bringing Mexico out of fifteen years of economic chaos. Points out that the 1994-95 crisis had its roots in the government's commitment to maintaining the peso-dollar exchange rate, a commitment that changed in December 1994 to when widespread recession followed the devaluation of the peso. Notes that the economy is now growing at a rate of between 5 percent and 8 percent, and the government privatisation and liberalisation policies have recovered momentum.
Investing in Mexico : can't stand the heat. - 1997
Discusses strict policies which are bringing Mexico out of fifteen years of economic chaos. Points out that the 1994-95 crisis had its roots in the government's commitment to maintaining the peso-dollar exchange rate, a commitment that changed in December 1994 to when widespread recession followed the devaluation of the peso. Notes that the economy is now growing at a rate of between 5 percent and 8 percent, and the government privatisation and liberalisation policies have recovered momentum.