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Differing Effects of the Global Financial Crisis: Why Mexico Has Been Harder Hit than Other Large Latin American Countries

telling (ECLAC, 2010). As has been noted by organisations such as the World Bank, approximately half of all people thrown into poverty in Latin America as a result of the global crisis are in Mexico (World Bank, 2009). The Mexican government?s response to the crisis, based more on protecting and expanding the positions of a small elite than on protecting employment, has significantly aggravated a crisis that was of its own creation. The
Differing Effects of the Global Financial Crisis: Why Mexico Has Been Harder Hit than Other Large Latin American Countries - - Highlight Loc. 338-41 | Added on Friday, August 03, 2012, 09:40 PM
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telling (ECLAC, 2010). As has been noted by organisations such as the World Bank, approximately half of all people thrown into poverty in Latin America as a result of the global crisis are in Mexico (World Bank, 2009). The Mexican government?s response to the crisis, based more on protecting and expanding the positions of a small elite than on protecting employment, has significantly aggravated a crisis that was of its own creation. The
Differing Effects of the Global Financial Crisis: Why Mexico Has Been Harder Hit than Other Large Latin American Countries - - Highlight Loc. 338-41 | Added on Friday, August 03, 2012, 09:40 PM
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The collapse of the business model centred around structured finance and the fall of several of the largest global banks confirmed the fact that financial globalisation always had its limits, while at the same time the protection that industrialised countries have granted to their national companies has deflated the myth of a separation between the state and firm that the promoters of globalisation had defended for decades (Guill´en, 2007).
Differing Effects of the Global Financial Crisis: Why Mexico Has Been Harder Hit than Other Large Latin American Countries - - Highlight Loc. 198-201 | Added on Friday, August 03, 2012, 07:42 PM
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The collapse of the business model centred around structured finance and the fall of several of the largest global banks confirmed the fact that financial globalisation always had its limits, while at the same time the protection that industrialised countries have granted to their national companies has deflated the myth of a separation between the state and firm that the promoters of globalisation had defended for decades (Guill´en, 2007).
Differing Effects of the Global Financial Crisis: Why Mexico Has Been Harder Hit than Other Large Latin American Countries - - Highlight Loc. 198-201 | Added on Friday, August 03, 2012, 07:42 PM
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