Mexico's economy is a political issue because
a. the absence of an industrial sector makes Mexico dependent on imports.
b. of Mexico's massive debt owed to foreign and international lenders.
c. of the apparent shrinking of the middle class.
d. of the growth of labor unions' power.
e. government is gaining control of more and more economic activity.
Question 2
Like many other countries in the Global South, in the 1980s and 1990s Mexico
a. adopted a more IMF-friendly economy featuring less government ownership of industry.
b. became more socialist, with the government nationalizing key industries.
c. cut off trade with several major powers as part of a trade war.
d. pegged its currency to the value of a dollar to ensure that its economy moved in step with the USA.
e. went from being a debtor nation to a creditor.
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Latin America in the Global Economy
Industrial Development