Following a series of economic crises in the 1980s, Mexico progressively abandoned its relatively closed, inward-looking economic development strategy. Periodic waves of liberalising structural reforms have underpinned its transformation from an economy once heavily dependent on crude oil exports, to one of the world’s most open, trade-orientated emerging economies. One of the...
Despite occurring a quarter of a century ago, Mexico’s financial crisis of 1994-95 continues to cast a long shadow over the sector. As consumer and business confidence collapsed, so did bank credit as a share of GDP. Bankers and their regulators adopted and promoted much more conservative lending practices, resulting in many consumers and smaller businesses being locked out of...
The three decades before the 2007-08 global financial crisis were marked by the world’s financial networks becoming increasingly interconnected. Financial system regulatory convergence, the growing penetration of World Trade Organisation rules and the creation of currency unions, such as the euro, resulted in a surge in cross-border capital flows. Global banks began to see the...
Winning the 2018 presidential elections on a populist, anti-corruption ticket, the administration of President Andrés Manuel López Obrador, commonly known as AMLO, has proved controversial in the first months of its six-year term. As homicide rates continue their upward trajectory, national polls show dissatisfaction, with some segments of the electorate impatient to see...
HOTEL IGNACIA GUEST HOUSE Jalapa 208B Colonia Roma Norte, Cuauhtémoc 6700 T: +52 55 5584 2681/ 2121 0966 www.ignacia.mx hola@ignacia.mx Rooms: Five suites with individual colour themes. Business & Conference Facilities: Library and garden offer a quiet place to meet. Health & Leisure Facilities: Quiet garden, cozy living room...
LANGUAGE: Spanish is the official language of Mexico and is spoken throughout the country. However, there are as many as 62 dialects, the most widely spoken being Náhuatl, Maya and Mixteco. Though English is spoken in many places – especially among government officials and business executives – it is advisable to learn some basic...
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