Nor are banks keen on forgiving debts, for the obvious reason that this means a transfer of wealth from them to their borrowers in the construction and property industries.

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He said afterwards that the Mexican business sector will meet with its American counterparts every six months and that one of the areas they will discuss is technological transfer to form productive chains in the car, electronic, biotech and aerospace industries.

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Just as biotechnology and software have sprung up outside the mainstream drugs and computer industries, so the industry that has grown up on voice circuits will find it hard to transfer its grip to the new world of data networks.

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The impact on the supporting industries such as accommodations, restaurants, and home related services has been wonderful as these new home owners transfer wealth from outside of our community into our community.

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