AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
The view from south of the border: the deleterious effects of NAFTA in the United States are all too well known to Americans, but south of the border the agreement has likewise gutted the Mexican economy.
In December 1994, less than a year after the NAFTA agreement came into force among the United States, Canada, and Mexico, Mexican President Ernesto Zedillo took the drastic step of devaluating the Mexican peso. The ensuing crisis rocked global markets and threw the Mexican economy into recession.
For the Clinton administration, the political fallout was acute. Not long before, Bill Clinton and congressional cronies in both parties had pulled out all the stops in order to persuade Congress to ratify NAFTA. In opening up Mexico's comparatively closed marketplace, they argued, NAFTA would bring unprecedented opportunities for American companies and confer a cornucopia of jobs and economic growth on our poorer neighbors south of the Rio Grande. A stronger Mexico, they promised, would lead to lower illegal immigration--already an issue of great concern in the middle of the last decade.
Yet within a few months, the Mexican economy was quietly in free fall. A pair of high-profile political assassinations and the launch of the Zapatista rebellion gave hints of a society in turmoil, despite the impression of a Mexican economy that seemed to hum along very ...
- Mexican Economy More Entwined With United States: Analyst.
- Newspaper article from: Internet Securities August 27, 2001 700+ words
...crash that affects the economy, but it is important to distinguish between a cyclical crash, this time brought on by the United States, and an external crash produced by a drop in the price of oil, which doesn't follow cycles," he said. In the past...
- A Sinking Mexican Economy Can't Help the United States.(Originated from Detroit...
- Newspaper article from: Knight Ridder/Tribune Business News Lippert, John March 16, 1995 700+ words
...Joe Casey is boosting exports to the United States and Europe by 40 percent in each of...surplus in Mexico trade in 1994, the United States will run a $6.6-billion deficit...says, economic relations between the United States and Mexico would be rockier without...
- United States: Mexican Economy Shrinks 8.2 Percent in First Quarter.
- News wire article from: TendersInfo May 22, 2009 700+ words
...first quarter from the previous quarter was 5.9 percent, according to the statistics agency. Economic Recession The Mexican economy fell deep into recession in the first quarter, mainly as a result of the U.S. contraction but also because of the weakness...
- Down Mexico way? (United States and the Mexican economy)(Clinton & Co.) (Column)
- Magazine article from: The Nation Corn, David February 13, 1995 700+ words
...unwritten legislation that would grant $40 billion in loan coverage. If you don't approve the package, they argued, the Mexican economy will collapse, hordes of illegal immigrants will storm the border, drug dealing will explode, depression will drown the...
- Gil D?az says Mexican economy will grow.
- Newspaper article from: Internet Securities April 16, 2002 700+ words
...Treasury Secretary Francisco Gil D?az said that after a difficult 2001, a year in which the Mexican economy was affected by the crisis in the United States, things seem to be looking up. While he admitted it would be difficult to reach the tax...
- Poll shows Mexican economy will grow 3.1%.
- Newspaper article from: Internet Securities December 21, 2002 700+ words
...to a poll done by El Universal, the Mexican economy will grow 3.1% next year, while the United States will grow 2.8%. Nevertheless...year is the possible war between the United States and Iraq, which could affect the U...
- Scotiabank: Mexican economy will grow 4.5% in 2003.
- Newspaper article from: Internet Securities September 19, 2002 700+ words
...via COMTEX) -- The Mexican economy will grow by 4.5...economic recovery in the United States, according to a study...situation showed that the Mexican economy was structurally synchronized...business cycles in the United States and as a result there...
- Mexico, Heal thyself: the Mexican economy is a sick man, and could use several...
- Magazine article from: National Review Lee Steorts, Jason July 17, 2006 700+ words
...immigration on the United States are positive...the unwitting United States. But it's...afflicted the Mexican economy for generations...concessions from the United States." And that...sectors of the Mexican economy are still dominated...
