Analysis of the background (Salina's version of a "demand economy"), the results of 'el pacto', education, NAFTA and other issues as they pertain to the debt crisis in Mexico. Examines job impact and small business operations as well.
Written in 1995; 3,150 words; 15 sources; $ 111.95
From the Paper:
"THE DEVALUATION OF THE PESO AND ITS EFFECT ON THE MEXICAN WORKER
Historic Background
The value of a nation's currency is based on tangible resources and the management of those resources. Precious metals and capital investment serve as fail-safes in any economy, proof against the shifting fiscal winds that swirl between markets and investors. Labor is the only resource that a nation has that can add value to a nation's productivity and to itself. Prior to the 1980's, when Mexico was preoccupied with its debt crises, only Pemex or the maquiladoras seemed to hold much promise as a means of reinvesting the capital of human endeavor in Mexico's economy.
In 1988, under the presidency of Carlos Salinas, the Mexican economy operating ..."
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