even more.
The desperate character of Mexico's external economic relations creates serious problems of both confidence and capacity in the domestic sector of the economy. Mexico's economic problems worsened significantly, when the world price of crude oil began to decline sharply in 1985. Since that time, the country has lost approximately US $550 million in foreign derived revenues for each one dollar decline in the world price of crude oil (Hartland Thunberg, P., & Ebinger, 1986). Subsequent to the oil price crash, the point was quickly rea
...