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The Mexican Economy Beginning of Paper On December 20, 1994, in an attempt to make Mexican products more competitive, Mexican President, Ernesto Zedillo Ponce de Len, devalued the Mexican Peso. Unfortunately, attempts at keeping the Peso to only a fifteen percent devaluation failed. The Peso dropped almost forty percent .... Middle of Paper .... further expand their economies and influence. Foe, because one country's economic problems is the world's economic headache. Unfortunately, it seems that the latter prevails. The Mexican government is broke, citizens unhappy, rebels are itchy, and opposition leaders are gaining influence. All these are ingredients to a bad situation getting worse--without money or influence, the Mexican government is bound to be overrun. Mexico over the past few years has gone from a totally corrupt and controlling government to a more democratic, privati .... 1603 words | 6 pages Subscription Length Price Join 30 days membership (recurring) $19.95 90 days membership (recurring) $39.95 180 days membership (non-recurring) $69.95