Mexico, the last domino?
Krogh, Peter F. (Peter Frederic)
Person InterviewedBirns, Lawrence R.
Means, Grady E.
Examines Mexico's economic collapse and the ensuing potential for political unrest.
The early years of the 1980s found Mexico facing its worst domestic crisis since World War II. Despite several years of economic growth, severe shocks to world oil prices had dashed any hopes of ending the poverty that still gripped much of rural Mexico. With the country on the verge of bankruptcy the peso collapsed, unemployment skyrocketed, and the economy went into spasms of contraction. The international community and commercial banks attempted to aid Mexico's ailing economy by offering billions of dollars in loans, but policymakers worried that this would not be enough to keep Mexico from spiraling into the political unrest that plagued so many of its Central American neighbors. In this episode Laurence Birns, Director of the Council on Hemispheric Affairs, and Grady Means of the consulting firm Sage Associates discuss Mexico's uncertain situation, including the country's potential for political unrest and its vulnerability to the revolutionary forces of other Central American nations.
Mexico -- Economic conditions -- 1982-1994; Mexico -- Politics and government -- 1970-1988; Debts, Public -- Mexico; Economic assistance, American -- Mexico; Mexico -- Foreign economic relations -- United States; United States -- Foreign economic relations -- Mexico; Aid and Development; International Economics, Trade and Business; Mexican Economy; Mexican Economic Collapse;
Mexico, Central America and the Caribbean; Mexico;
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