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Peso is falling, but Mexico is doing well

Discussion in 'Issues Around the World' started by Swamp Fox, Feb 1, 2003.

  1. Swamp Fox

    Swamp Fox Veteran Member

    The peso is falling, but, in all other respects, at least Mexico is doing well. And that's something to be grateful for.

    Why's the Peso falling?
  2. Leopoldo Niilus

    Leopoldo Niilus Registered User

  3. Coot

    Coot Passed Away January 7, 2010

    Hmmm...let's see, Mexico exports its poverty to the U.S. The illegals send an estimated $24 Billion back to Mexico annually...the dollar falls, the peso falls. Now, Mexico with the most to gain from NAFTA isn't happy with some of the provisions...isn't this rich.
  4. Swamp Fox

    Swamp Fox Veteran Member

    I'm not a Mexico expert, but everything I've read indicates that it is slowly on the upswing. At least, the northern industrial regions are doing OK.

    Remember that it took South Korea almost a quarter century to climb out; Mexico has more than twice the population, so it needs more time.
  5. Stiofan

    Stiofan Master Po

    Mexico's biggest problems start with all the graft and corruption laced throughout their government. While every government has these problems to some extent, the Mexicans have refined their's to such a high degree, were you to look up the definition of Graft in the dictionary it would say: Graft - See Mexico.........

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