Printer Friendly
The Free Library
5,677,343 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Mexico: a new addiction.


The flow of money from foreigners Foreigners

alienage

the condition of being an alien.

androlepsy

Law. the seizure of foreign subjects to enforce a claim for justice or other right against their nation.

gypsyologist, gipsyologist

Rare.
 living abroad back home to relatives in Mexico continues to grow, confounding confounding

when the effects of two, or more, processes on results cannot be separated, the results are said to be confounded, a cause of bias in disease studies.


confounding factor
 the government and analysts alike. Little is known about what happens to the several billion U.S. dollars a quarter coming into the country--rising 28% a year on average. The money now regularly surpasses traditional foreign direct investment and long ago left tourism in the dust as a generator of hard currency. Oil and auto exports still outpace out·pace  
tr.v. out·paced, out·pac·ing, out·pac·es
To surpass or outdo (another), as in speed, growth, or performance.


outpace
Verb

[-pacing,
 remittances, but perhaps not forever at the current pace of increase. Even adjusting for better reporting--a common explanation for the rapidly rising remittance Money sent from one individual to another in the form of cash, check, or some other manner.

Financial statements sent by a creditor to a debtor frequently refer to the process of submitting a monthly remittance.


REMITTANCE, comm. law.
 figure--is not enough to offset the increases, according to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 U.S. investment bank Morgan Stanley's Gray Newman and Luis Arcentales.

Interestingly, analysts have found that the flows of money are counter-cyclical, that is, when the economy weakens, remittances increase. It is believed that Mexicans working abroad send home more to offset lost family wages when the domestic economy slows. But such large movements of money have another, unintended impact of smoothing out the domestic business cycle. The incoming cash is a double edged sword. If too much comes in, Newman and Arcentales warn, policymakers have less reason to make economic reforms.

[GRAPHIC OMITTED]
COPYRIGHT 2005 Freedom Magazines, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Author:Brown, Greg
Publication:Latin Trade
Article Type:Brief Article
Geographic Code:1MEX
Date:Nov 1, 2005
Words:202
Previous Article:Latin Trade index.(INDICATORS)
Next Article:Rest of the world.(gross domestic product statistics )(Illustration)
Topics:



Related Articles
Help for the "terminally addicted." (Internet addiction)
Stolen Hours.(Brief Article)(Book Review)
Treating Internet-addicted employees: although Internet addiction is a new area of clinical practice, EA professionals can take several steps to help...
Editor's note.(Editorial)
Immunities and defenses for allegedly negligent inspections.(Legal Briefs)
Lesson plan & reproducible.(Brief article)
Lesson plan & reproducible.(SCHOLASTIC: TEACHER EDITION)
Tobacco addiction and secondhand smoke: a message from Dr. Nora Volkow, Director of NIDA.(HEADS UP: REAL NEWS ABOUT DRUGS AND YOUR BODY)
Tobacco addiction and secondhand smoke.(HEADS UP REAL NEWS ABOUT DRUGS AND YOUR BODY)

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles