FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W71110552> ?p ?o ?g. }

• W71110552 startingPage "979" @default.
• W71110552 abstract "Deputy Secretary Summers delivered the address reprinted below on January 20, 1995. In it he described a proposed $40 million program of loan guarantees for Mexico, for which the Administration was seeking congressional approval at that time. In the days that followed this address, Mexico's financial condition deteriorated, and it became apparent that the Congress would not act in time to avert an irreversible crisis. In addition, on January 31, the International Monetary Fund informed the Administration that it would be willing to expand its support commitment to $17.8 billion from $10 billion. That is why on January 31, President Clinton - with bipartisan support from Congressional leadership and from the Chairman of the Federal Reserve - announced he would abandon the loan guarantee proposal and make $20 billion in support available to Mexico from the Department of the Treasury's Exchange Stabilization Fund. As of this date Mexico has received $12.5 billion in support under agreements implementing this program. I. INTRODUCTION When people talk about this period in history, they highlight the end of the Cold War. That means that some of the principle threats we face are no longer to our military security but to our economic security. That suggests that the task of creating prosperity is to our foreign policy today what containment was to our foreign policy of a few years ago. When people talk about this period in history, they talk about the capitalist revolution sweeping the world. They see what is happening in Russia and in Poland. But they also see the changes underway in China, in South Africa, in India, in Argentina, in Mexico, and in Brazil. They witness a growing awareness worldwide that states cannot direct economic activity but must rely on private markets and competition to find the way forward. People will continue to speak with tremendous optimism about this period. They will marvel at how, if this capitalist revolution continues, this will have been the era during which three billion people got on a rapid escalator to modernity. When the history books are written, that change will rank with the industrial revolution, and with the renaissance, in terms of its significance to human affairs. The issue that I want to talk about today, the financial problem in Mexico and the American response to it, brings together these elements. It is an issue of economic security. Because the Mexican model has been so widely watched, has been so widely emulated, and is so salient in the minds of investors, what happens in Mexico has implications that go far beyond Mexico, or even Latin America. Indeed all you have to do is sit at a Reuters screen to see that the Thai baht has done such and such because of changing views about investor confidence in Mexico, that South African interest rates have moved thus and so, or that Argentine bank stocks have performed a certain way - to see that the stakes involved in what happens in Mexico go far beyond Mexico, and go far beyond Latin America. II. RESPONDING TO A NEW INTERNATIONAL ERA The problem we face is in many ways a defining problem of a new international era, in which foreign policy and economic policy are joined together. That is why I think the rather remarkable response of the American political system to Mexico's difficulties is so appropriate. Once the gravity of the situation became clear, the President of the United States called on the Majority Leader and the Minority Leader of the Senate, and the Speaker and the Minority Leader of the House of Representatives. He explained the situation to them and arranged for them to be briefed by the Chairman of the Federal Reserve and the Secretary of the Treasury. Within sixty hours, he brought them together at the White House to announce a common bipartisan commitment, to put politics aside, and to deal with a financial issue of profound importance. That was of course the proposal now being considered by the Congress to make available loan guarantees, to assure liquidity in the context of Mexico's financial difficulties. …" @default.
• W71110552 created "2016-06-24" @default.
• W71110552 creator A5059478603 @default.
• W71110552 date "1995-06-22" @default.
• W71110552 modified "2023-09-23" @default.
• W71110552 title "Keynote Address: Our Mexican Challenge" @default.
• W71110552 hasPublicationYear "1995" @default.
• W71110552 type Work @default.
• W71110552 sameAs 71110552 @default.
• W71110552 citedByCount "0" @default.
• W71110552 crossrefType "journal-article" @default.
• W71110552 hasAuthorship W71110552A5059478603 @default.
• W71110552 hasConcept C10138342 @default.
• W71110552 hasConcept C138885662 @default.
• W71110552 hasConcept C162324750 @default.
• W71110552 hasConcept C17744445 @default.
• W71110552 hasConcept C199539241 @default.
• W71110552 hasConcept C2776554220 @default.
• W71110552 hasConcept C2777764128 @default.
• W71110552 hasConcept C2778137410 @default.
• W71110552 hasConcept C2780765947 @default.
• W71110552 hasConcept C2780889827 @default.
• W71110552 hasConcept C3116431 @default.
• W71110552 hasConcept C41895202 @default.
• W71110552 hasConcept C93377909 @default.
• W71110552 hasConcept C94625758 @default.
• W71110552 hasConceptScore W71110552C10138342 @default.
• W71110552 hasConceptScore W71110552C138885662 @default.
• W71110552 hasConceptScore W71110552C162324750 @default.
• W71110552 hasConceptScore W71110552C17744445 @default.
• W71110552 hasConceptScore W71110552C199539241 @default.
• W71110552 hasConceptScore W71110552C2776554220 @default.
• W71110552 hasConceptScore W71110552C2777764128 @default.
• W71110552 hasConceptScore W71110552C2778137410 @default.
• W71110552 hasConceptScore W71110552C2780765947 @default.
• W71110552 hasConceptScore W71110552C2780889827 @default.
• W71110552 hasConceptScore W71110552C3116431 @default.
• W71110552 hasConceptScore W71110552C41895202 @default.
• W71110552 hasConceptScore W71110552C93377909 @default.
• W71110552 hasConceptScore W71110552C94625758 @default.
• W71110552 hasIssue "4" @default.
• W71110552 hasLocation W711105521 @default.
• W71110552 hasOpenAccess W71110552 @default.
• W71110552 hasPrimaryLocation W711105521 @default.
• W71110552 hasRelatedWork W141561585 @default.
• W71110552 hasRelatedWork W1842164669 @default.
• W71110552 hasRelatedWork W184266474 @default.
• W71110552 hasRelatedWork W2035510738 @default.
• W71110552 hasRelatedWork W211897698 @default.
• W71110552 hasRelatedWork W217232508 @default.
• W71110552 hasRelatedWork W2181099371 @default.
• W71110552 hasRelatedWork W232208950 @default.
• W71110552 hasRelatedWork W2595237542 @default.
• W71110552 hasRelatedWork W2755281567 @default.
• W71110552 hasRelatedWork W2991670158 @default.
• W71110552 hasRelatedWork W302862359 @default.
• W71110552 hasRelatedWork W306358136 @default.
• W71110552 hasRelatedWork W316838805 @default.
• W71110552 hasRelatedWork W317573453 @default.
• W71110552 hasRelatedWork W348606725 @default.
• W71110552 hasRelatedWork W2416905729 @default.
• W71110552 hasRelatedWork W272846703 @default.
• W71110552 hasRelatedWork W333392343 @default.
• W71110552 hasRelatedWork W656852780 @default.
• W71110552 hasVolume "26" @default.
• W71110552 isParatext "false" @default.
• W71110552 isRetracted "false" @default.
• W71110552 magId "71110552" @default.
• W71110552 workType "article" @default.