La economía de Estados Unidos y su impacto en la economía de México

This paper studies the relation between Mexican and American economy, and how the increase in interest rate in US would impact the rest of the world, because of the lower economic growth, and its consequence of lower exports growth of the rest of the world to US. This policy decreases capital flow to Latin American countries, and it affects the exchange rate, interest rate and stock market. It also increases the cost of the debt too, and decreases the economic activity. The stabilization policy in México limits the domestic market, decreases the competitiviness, increases the cost of internal debt, deepens the financial problems of private and public sector and the presions of external sector. This situation has originated that economic growth depends of external factors (petroleum price, exports, external investment and remittances), and it increases our vulnerability in relation to American economy. Mexico does not have perspectives to increase the domestic market to get a independency to the external factors, due the opposition to get an economic policy in favor to economic growth because of its inflationary effects. Meanwhile the economic authority insists in the stability of the exchange rate, there won´t be endogenous conditions to grow.