Re: [Pen-l] How global is the global recession?

[Michael Perelman <michael@xxxxxxxxxxxxxxxxx>]

Business Week did not say that Mexico had avoided the recession, but that 
Mexico was developing an infrastructure that would allow it to become a 
serious player on the world stage by improving its education & corporate 
investment.

I am not convinced, but I would like to get a comment on the article.

On Wed, Apr 15, 2009 at 02:28:49PM -0500, Alejandro Valle Baeza wrote:
> Michael, thank you for the reference. However, there is no doubt about  
> Mexico is en recession now. By example, exportation grew 5.1% in 2008  
> with a the last quarter fall of 8% and also down 26% during January of  
> 2009. It seems that BW article is a sort of propaganda.
> Alejandro Valle
>
> Michael Perelman escribió:
>>
>> The most recent Business Week cover story is ecstatic about Mexico's  
>> prospects as the next China.
>>
>> Alejandro Valle Baeza wrote:
>>>
>>> "The effects of the international crisis will impact the region  
>>> harshly this year, said *ECLAC* Executive Secretary *Alicia Bárcena*  
>>> during the /Latin America Emerging Markets Forum 2009/ which opened  
>>> today (April 1th) in Bogotá, Colombia.
>>
>
>
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-- 
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael at ecst.csuchico.edu
michaelperelman.wordpress.com
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