A U.S. Strategy to Solve Mexico's Debt Crisis

Publication Date: June 1986

Publisher: Heritage Foundation (Washington, D.C.)

Author(s): Edward L. Hudgins

Research Area: Economics

Keywords: Latin American

Type: Report

Coverage: Mexico

Abstract:

Mexico's economic problems are extremely serious. While the oil price drop was the immediate cause of the current difficulties, Mexico's own statist economic policies are at the root of its problems. But this does not mean that the U.S. can turn its back on Mexico. To the contrary. The economic and secruity interests at stake are too high. The U.S. must encourage Mexico to embrace the sound free enterprise principles that will restore its economy. Otherwise, the U.S. will soon have far more than merely an economic problem on its southern border.