Word: carrillo
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Mexico's Finance Minister Antonio Carrillo Flores pointed out that "it is to the U.S.'s interest to maintain the present high level of exports to Mexico. But how can Mexico keep up its imports if the U.S. cuts our ability to pay for them, if we get less for our zinc and lead?" Concluded ex-Diplomat Henry Holland, who was the State Department's Inter-American Affairs chief until last year: "InterAmerican trade is in greater danger than at any time in years...
Second Rank. Behind these three is another trio, still not counted out. Adolfo López Mateos, 47, is the handsome Minister of Labor and Social Welfare, is on close terms with Ruiz Cortines, Cardenas and Aleman, but many politicians feel he should wait for 1964. Finance Minister Antonio Carrillo Flores, 48, has masterminded Mexico's phenomenal economic boom, is generally regarded as the Cabinet's most brilliant member, but is not widely known. Ernesto Uruchurtu, 50, a former Interior Minister and now governor of the Federal District, has made fans through his drastic face lifting...
...Finance Minister Antonio Carrillo Flores reported that Mexico's dollar balance now stands at $431 million and is still rising. Metals, coffee and tourism led the way as dollar earners, and just since September the balance jumped $20 million...
...Carrillo Flores looks forward to another, perhaps more modest surplus in the current fiscal year, and also foresees a continuing rise in dollar balance for the rest of 1956. Next year, he predicts, both surplus and dollar credit will level off under the impact of increased spending for imports. Meanwhile, Mexico's main continuing problem will be a nagging inflation, still pushing the cost of living up at the rate of 9% a year...
Despite these danger signals, Carrillo Flores is confident that if the government does not impose further controls to stifle business growth, the economy will develop its own counter-inflationary forces. The latest reports suggest that he is right: in the last quarter of the year, the cost-of-living index and wholesale prices were held to a modest 1% rise...