Word: mexicanization
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...benefits of freer trade have not been spread evenly in Mexico. Even though total foreign investment is up, little of the money is flowing toward Mexican producers. The worst affected are small businesses priced out of once | protected markets. Competition from low-priced American manufactured goods is also pushing up unemployment in cities in northern Mexico...
...interview with TIME's Lopez shortly after he declared victory, Zedillo said he planned to include former opposition figures in his government for the first time in Mexican history -- and over objections from members of his own party. "(This would be) a personal matter and my own decision, which would not be subject to negotiation with other parties," he said. Lopez says Zedillo's prospective beau geste isn't politically necessary: "I think he showed great restraint. He could be gloating...
...Mexican Left Meets in Chiapas...
After warning about the artery-clogging potential of Chinese food, Italian food and movie-theater snacks, the Center for Science in the Public Interest last week reported the dangers of consuming Mexican fare. The U.S. government recommends limiting fat intake to 30% of daily food consumption, or 65 g for a 2,000-calorie-a-day diet...
...that it will fan U.S. inflation by raising the price of imported goods and the American- made products that compete against them. But the U.S. imports more from Canada and Mexico than from Germany and Japan, and the American currency has actually risen against the Canadian dollar and the Mexican peso. A further rise in interest rates might hurt the U.S. economy, by making consumer purchases and business investments more costly to finance, much more than it would help by restraining import inflation...