1. The Mexican Economy
... than 50 percent by changing from a fixed to a freely floating exchange rate. A potentially beneficial economic development was the discovery in 1974 and 1975 of huge crude-petroleum deposits in Campeche, Chiapas, Tabasco, and Veracruz states. Oil production more than doubled during the latter half of the 1970s. By the mid-1980s a rapid increase in foreign debt, coupled with falling oil prices ... a group of Native Americans called the Zapatista National Liberation Army (EZLN) captured four towns in the southern Mexican state of Chiapas and demanded reforms from the Salinas government for...
- Word Count: 4462
- Approx Pages: 18
- Has Bibliography
- Grade Level: Undergraduate