The U.S. and the Mexican economy are closely linked – and this integration has been advanced by the NAFTA/ North American Free Trade Agreement of 1994. ( See, The Global Class War: How America’s Bipartisan Elite Lost our Future- and What it Will take to Get it Back. 2006. Jeff Faux.)
The 2008- 2009 banking crisis in the U.S. has produced a severe economic crisis in Mexico. The Mexican economy has contracted by % 6.8 this year, and unemployment there is not likely to recover soon.
In the midst of this crisis, the government of Mexico has accelerated the same neo liberal economic policies which caused the crisis by attacking a major union and shutting down a public owned electric company in preparation for privatization.
