Word: mexicanization
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...same panel, Summers compared the current state of the world economy to the moments preceding the 1994 Mexican peso crisis and the burst of the technology bubble in 2000, according to a Financial Times report from Davos...
...Harper's foreign-affairs record will be judged on his ability to manage Canada's north-south relationship. But it was no coincidence that at his first postelection press conference, he noted that he had received congratulatory calls from Mexican President Vicente Fox, British Prime Minister Tony Blair and Australian Prime Minister John Howard--as well as Bush. With plans to pump C$5.3 billion more into Canada's military over five years as well as add to foreign aid, Harper hopes to preside over a revival of Canada's modest role as a player in world affairs...
...QUICK GLANCE AT THE ECONOMY OF A SMALL Mexican town like Tuxpan makes it clear why undocumented workers continue to head north. Tuxpan's heyday was in the 1950s and '60s, when it gained fame throughout Mexico for its gladiolus. But overproduction slowly poisoned the soil, leaving Tuxpan in a slow decline. In the past decade, flowers have made a comeback, but the salary for working in the greenhouses or out in the field still averages only $10 a day. At the same time, the cost of living is comparatively high in Tuxpan. As in much of small-town Mexico...
Roberto Suro, director of the Pew Hispanic Center in Washington, says the great irony of Mexican migration is that it often feeds the same problems that sent people north in the first place. "Many towns have lost the best of their labor force. There's money coming in [from the U.S.] but no job creation back home," he says. "It just shows that migration does not solve migration...
...governments of the U.S. and Mexico are trying to encourage people to put the remittances to better use. In 2004 the U.S. Agency for International Development began a five-year, $10 million program to help Mexican microlenders boost small businesses. And the Mexican government is proud of its 3x1 initiative, a project that aims to unite the federal, state and local governments in Mexico with immigrants in the U.S. to fund programs for improving life in Mexico. But Tuxpan's Mayor Gilberto Coria Gudiņo (no relation to Mario) says he doesn't know of any 3x1 projects...