Wednesday, September 3, 2008

Informe Feedback

The basic gist of Calderón's informe seems to be that despite a difficult economic climate and some specific setbacks, Mexico is OK. Inflation in 2008 is higher than projected and growth lower, but neither is yet a very serious problem. Arguing that Mexico is generally healthy is a lot easier if, as Calderón did, you exclude any mention of drug violence. Everyone knows that Mexico's security is the most pressing immediate threat to the country's development, much more so than some bumps in the economic cycle, yet for some reason he chose to ignore it. I'm sure Calderón's sick of talking about it, but that's a tough omission to explain.

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