Economic Development in Mexico: Hearing Before the Subcommittee on Western Hemisphere Affairs and the Subcommittee on International Economic Policy, Oceans, and Environment of the Committee on Foreign Relations, United States Senate, Ninety-ninth Congress, Second Session, June 10, 1986, Volume 4

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Page 36 - I cannot do that off the top of my head, but I would be happy to supply that to you.
Page 13 - States is highly susceptible, rather like a drug addict, and the world is full of ideological 'pushers.' Senator J. William Fulbright, 1971 A Risky US Equation: E + O = T (WM)— Exaggeration + Oversimplification = Trouble (With Moscow). George F. Kennan, 1981 What the US does best is to understand itself. What it does worst is understand others.
Page 43 - Thank you, Mr. Chairman. First, let me apologize that I am late. Mr. Chairman, I will be very brief. Mr. Chairman, and members of the House Subcommittee on Interior and Insular Affairs, my name is Pedro G. Cruz, Jr., president of the Guam Junior Chamber of Commerce, an organization of young men between the ages of 21 and 38, many of whom hold key positions in the government and in the business community. The Guam Jaycees is affiliated...
Page 2 - ... nationalizations of banks and private industry have anything to do with the lack of investor confidence. We need to know whether massive state intervention in the economy has anything to do with Mexico's poor productivity. We need to know whether Mexico has official policies that discourage foreign investment. We need to know these things because one way or another, the United States taxpayer will shortly be asked to prop up the Mexican economy. With the fall in oil prices, Mexico has no way...
Page 77 - Roberts has the William E. Simon Chair in Political Economy at the Center for Strategic and International Studies, Georgetown University. During 1981-82 he served as Assistant Secretary of the Treasury for Economic Policy.
Page 90 - Mexico made these sacrifices while continuing to service its foreign debt. Over the last four years Mexico has devoted nearly $40 billion, and roughly 40 percent of its export earnings, to meeting its international financial obligations. This outflow has absorbed over 20 percent of total savings, and about 6 percent of GNP. If the United States were paying out 6 percent of its GNP, that would equal $240 billion. To place this sum in perspective, $240 billion is over two-thirds of our spending on...
Page 51 - Establish target figures for reducing the resource drain that is afflicting many developing nations. The country targets should be consistent with reasonable rates of economic expansion. Increased official flows are part of the answer, but there should...
Page 27 - Thank you. Senator Dodd. Senator DODD. Thank you, Mr. Chairman. Let me...
Page 47 - Yet these images are misleading guides to the complexities of developing 104 countries. But if the American people come to see them as the essential truth, it will be impossible for the United States Government to conduct a sensible and nuanced foreign policy. Policymakers will become prisoners of the popular imagination.
Page 2 - special" does not mean that the relationship is always good. What it means is that our long, mutual border binds us together for better or for worse. What affects one of us is bound to affect the other.

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