quote:Economists say if the Mexican economy continues to grow at same pace it has over the past two decades, its gross domestic product per capita will reach $14,764 (U.S.) by the year 2028. China's GDP per capita - currently less than $6,500 -- will have grown to $39,000. It is a pill hard to swallow for a country with 43 free trade agreements, a border with the world's greatest economic power, and a firm belief in the panacea of market forces....What's more, Mr. Messmacher and institutions like the World Bank actually agree with what critics of government fiscal policies have been saying all along. Mexico's hugely unequal concentration of economic power is having a negative effect on competitiveness and innovation.
posted 14 August 2007 07:22 AM
There's an informative article over at Monthly Review that might be useful in providing a background on the horrors of neoliberalism in Mexico.
quote:This PAN-PRI working majority will be of strategic importance in the attempt to implement the second generation of neoliberal structural reforms demanded by the United States and international financial organizations: the privatization of social security (especially pensions), tax reform, the opening up of the energy sector to private capital, the deregulation of the labor market, and growing commoditization of education and health—reforms designed to crank up the dismantling of the welfare state.
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posted 14 August 2007 12:13 AM
