The key, as for the rest of the world is to increase domestic demand in the countries. Calderon has drawn a plan. Ahmed Shary Rahman has many thoughts on the issue.
Let’s see … Ah! And a final bonus of Horatio. I can send comments to: What Have in Common Felipe Calderon and George Bush? Buenos Aires, Argentina March 5, 2008 I imagine that will come a myriad of assumptions about things in common that has two presidents. However, I’m only interested in one of them. Today I am referring to the Mexican government’s plan to mitigate the impact of U.S.
slowdown on Mexico: Calderon would not be less than the Bush friend and that is why it launched its own economic stimulus plan. The essence of the plan is, given the weakness in external demand caused by the deceleration (“can already say” recession “?) Of the U.S. economy, compensate for deterioration with a greater stimulus on domestic demand in Mexico. The plan consists of ten measures that include a 3% discount to the interim payments of tax on corporate income and Single Rate Business Tax (IETU), tariff and customs simplification, reduction of employer contributions, development of production centers in marginal areas, reduction in electricity rates, destination of funds for Development Banking … ah! I forgot! Mexican plan also contains tax incentives for individuals with business, at the time of its 2007 declaration electronically by $ 1,000 (about a modest U.S.