Chapter 7 - Assignment 3: Mexico's Balance of Payments
Chapter 7 - Assignment 3: Mexico's Balance of Payments
Read the discussion of the economic trends and outlook for the Mexican economy.
- How has NAFTA affected the volume of Mexico's trade with the U.S.?
- According to this report, why did Mexico begin running a trade deficit in 1988?
- Why would a devaluation of the currency reduce a trade deficit?
- Explain why an economic recovery in Mexico would lead to a reduction in Mexico's trade surplus.
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