ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Mexican Economy No Way Out of Dependence

of Dependence The Bank of Mexico's latest Annual Report brings out how deeply trapped in perpetual and hopeless dependence are countries like Mexico, countreis that have sought economic growth through foreign investment, foreign technology and finally foreign debt LATIN AMERICA is into its seventh successive year of depression and crisis. Ever since the elevation of interest rates in 1980 and 1981, and the corresponding fall in raw material prices, the whole region has been plunged into economic darkness: falling incomes, employment and production, rampant inflation, falling standards of living and rapidly depreciating currencies in all of the region, with the sole exception of Cuba.

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