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03

Foreign Aid

   
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Title: Foreign Aid
 
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Subject: Business
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Date: October 27, 1997
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Length: 7 / 1737
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population because many people don't understand why the U.S. should care about the falling value of the Mexican Peso. First of all, deflation of the Peso means a loss of jobs in Mexico which would in turn send an influx of illeagal immigrants from Mexico to the United States...
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In addition, Mexico is a large economy that imports American goods. If the Peso's value were to drop, it would mean less buying power for the Mexican public, and that in itself would hurt American business. Some people would still be against this type of aid, and their argument would be that if money that goes to Mexico was invested in helping small business get started, America would be less dependent on other countries for their goods or services...
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