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Mexican Economy

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Submitted By roygom
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Michael Crowley argues that Mexico is the most “under-appreciated problem facing the new US administration” under Obama’s second term since it has been compared to Pakistan of being at risk of “rapid and sudden collapse”. However, he assumes that it has been always this way and the United States has done nothing to help the Mexican authorities on the drug-related issue.

In fact, the casualties in this war rose by 100,000 deaths but it was President Obama who introduced to US Congress the Merida Initiative, in which the US government provides financial and technical aid to the Mexican government. The results of this program can be perceived in the amount of criminals and in how the Mexican armed forces have improved their weapons and intelligence services.
That said, America is concerned about Mexico but they also know that their neighbor is not as worrying as Pakistan, or even Iraq and Afghanistan.

However, he applauses the recent achieved reforms of President Peña Nieto and finds him a promising leader to change the current narrative of Mexico by opening the oil and telecommunications sectors, improving the education and labor system, and modifying the tax and criminal code in just the first two years under his administration. In fact, this has made of Mexico the “favorite nation” to invest for the Wall Street community and even their government bonds were rated as A- by Moody’s, making Mexico the only Latin American economy with such grade.

Unquestionably, this is a remarkable progress for the country, which has been economically stagnated, in a mediocre economic development and with a serious insecurity and poverty problem, which are definitely correlated, for many decades. Indeed, it could be a breaking point in the political and economic life of Mexico if Mr. Peña Nieto’s reforms work out.

That said, who is Enrique Peña Nieto? According to the

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