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Investing in Mexico : can't stand the heat.

By:

FARMER, Edward

Material type: Text

TextPublication details: 1997Action note:

3/7/00 M2LMGR

Summary: 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.

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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.

3/7/00 M2LMGR

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