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The Emerging Markets Handbook: An analysis of the investment potential in 18 key emerging market economies by Pran Tiku

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Chapter 17: Mexico

Overview

To most outsiders, Mexico is the land of magnificent Mayan ruins and endemic narco violence. The 1980s were known as Mexico’s lost decade and just when it seemed to be on the fast track to growth the payments crisis of 1994 derailed the economy. Mexico grew at barely 2% between 2000 and 2010 before expanding by almost 4% in both 2011 and 2012. In 2013 there was comment in the popular media about Mexico being the comeback kid as sort of a New China.

Quick history

Some say that Mexico’s problems stem from the fact that for its first 300 years the major function of its government was to funnel as much wealth as possible from Mexico to Spain. More recently in its history, however, it experienced a major turnaround ...

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