chikles
Miembro de la Vieja Guardia
300 Palabras - Violence vs. Economics
By Dr. Mario Melgar-Adalid
The most newsworthy topic in Mexico has been the violence that has resulted from the struggle against organized crime, particularly the fight against narco-trafficking cartels. The capture of important organized crime figures has generated a vicious cycle of death, in addition to the fighting among competing criminal organizations,, particularly in the Mexican states along the U.S. border. The recent killing (after an attempted capture) of “Tony Tormenta” in Matamoros, who served as the leader of the Gulf Cartel, was so significant that U.S. President Barack Obama personally telephoned Mexican President Calderon to congratulate him. The paradox is that, in the face of this criminal violence, Mexico’s economy has not been particularly impacted. In fact, macroeconomic statistics in Mexico show sustained growth, financial stability, growing reserves and solid industrial recuperation. Some of these statistics include: (1) low interest rates, including 28-day government bonds (Cetes) priced at historic minimum levels of 4.05%; (2) the peso/dollar exchange rate has remained just below 12.50 during 2010, and it is forecasted that the exchange rate will fluctuate between 12.25 and 12.35 pesos per dollar over the short-term; (3) the Mexican stock market has increased significantly in value and reached a historic high showing a 106% increase in value from March 2009 through October 2010; (4) the Mexican Central Bank (Banco de México) has reported that international reserves reached historic levels 28 different times during 2010 and that the value of such international currency reserves covers 1.11 times the total amount of Mexico’s external public sector debt; (5) industrial production increased 8.1% on an annualized basis through August 2010, demonstrating the annual growth experienced by the automotive industry of 67.4% during the January – September 2010 period. Less concrete, but also relevant, are the facts reported by The Economist magazine showing that Mexicans now consume double the amount of meat that they consumed in 1990, that Mexicans now go to the movies four times more than they did in 1990 and that the square footage of Mexican supermarkets has tripled in size since 1993.
nota: no se lo pirateen que lo escribio un abogado...:evil:
By Dr. Mario Melgar-Adalid
The most newsworthy topic in Mexico has been the violence that has resulted from the struggle against organized crime, particularly the fight against narco-trafficking cartels. The capture of important organized crime figures has generated a vicious cycle of death, in addition to the fighting among competing criminal organizations,, particularly in the Mexican states along the U.S. border. The recent killing (after an attempted capture) of “Tony Tormenta” in Matamoros, who served as the leader of the Gulf Cartel, was so significant that U.S. President Barack Obama personally telephoned Mexican President Calderon to congratulate him. The paradox is that, in the face of this criminal violence, Mexico’s economy has not been particularly impacted. In fact, macroeconomic statistics in Mexico show sustained growth, financial stability, growing reserves and solid industrial recuperation. Some of these statistics include: (1) low interest rates, including 28-day government bonds (Cetes) priced at historic minimum levels of 4.05%; (2) the peso/dollar exchange rate has remained just below 12.50 during 2010, and it is forecasted that the exchange rate will fluctuate between 12.25 and 12.35 pesos per dollar over the short-term; (3) the Mexican stock market has increased significantly in value and reached a historic high showing a 106% increase in value from March 2009 through October 2010; (4) the Mexican Central Bank (Banco de México) has reported that international reserves reached historic levels 28 different times during 2010 and that the value of such international currency reserves covers 1.11 times the total amount of Mexico’s external public sector debt; (5) industrial production increased 8.1% on an annualized basis through August 2010, demonstrating the annual growth experienced by the automotive industry of 67.4% during the January – September 2010 period. Less concrete, but also relevant, are the facts reported by The Economist magazine showing that Mexicans now consume double the amount of meat that they consumed in 1990, that Mexicans now go to the movies four times more than they did in 1990 and that the square footage of Mexican supermarkets has tripled in size since 1993.
nota: no se lo pirateen que lo escribio un abogado...:evil:
