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Author: Subject: Is Mexico the new China?
tim40
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[*] posted on 10-7-2008 at 05:50 PM


I suggest to all after living in Mexico for the past year and spending a couple of months a year in Mexico for that last 10 years that Mexico's economic growth and strength is even MUCH better than 'official' calculations. We have to remember that a great deal of business in Mexico is conducted in cash and is near impossible to track or report. I have watched the prosperity of my Mexican friends increase year after year. Ask them if they are better off today than prior years and those that I associate with (mostly working class professionals) indicate they are by far....not sure how many of us in the states would indicate this.



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805gregg
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[*] posted on 10-7-2008 at 09:21 PM


Mexico's largest product is drug production and shipment, second is money sent from expats. They are going nowhere.
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[*] posted on 10-8-2008 at 04:16 PM


According to the World Bank between 1996 and 2005, Mexico reported a moderate per capita income growth of 2% annually.
The country’s economic growth has been relatively stable during the last years, being close to 3% annually between 2000 and 2007.



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[*] posted on 10-8-2008 at 05:13 PM


Quote:
Originally posted by 805gregg
Mexico's largest product is drug production and shipment, second is money sent from expats. They are going nowhere.


Mexico is becomming the new Argentina .

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