As a result of that genius policy. inflation skyrocketed to 160 percent. The peso went from 26 pesos to $1 to 2.300 pesos to $1 in a matter of 4 years. 5 years. $30 billion flowed out of Mexico. capital flight from Mexicans wanting to get out from under this disastrous economic policy. The oil price collapsed. Interest payments stayed high. and illegal immigration to the United States accelerated. courtesy of the IMF. the international banks. and a disastrous set of domestic policies in Mexico. Now. at that time real wages dropped in Mexico. We hear all the talk about wages. what happened to wages in Mexico.
Keywords matched
illegal immigration