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...many ways, the Mexican economy appears as hardy as a flowering desert cactus, a bright contrast to its hemisphere neighbors. For 1962, according to the Bank of Mexico. Latin America's thirdbiggest nation pushed its gross national product 4.2% higher than 1961; manufacturing output rose 5.2%, total investment was up 6%, and merchandise exports climbed 12.1%. Thus nourished, Mexico is fast developing a middle class...

Author: /time Magazine | Title: Mexico: Looking for Water | 3/15/1963 | See Source »

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