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The Mexican Economy
Part 1 of Paper
....rnesto 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 dollar before it stabilized. The devaluation not only sent shockwaves thr.... Part 2 of Paper
....ing influence. All these are ingredients to a bad situation getting worse--without money or influence, the Mexican government is bound to be overrun.
Mexico over the past few years has gone from a totally 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 the.... |
| Number of words: 1603 - Approximate pages: 6 |
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