Mexico The Remaking Of An Economy
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Mexico
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Author : Nora Claudia Lustig
language : en
Publisher: Brookings Institution Press
Release Date : 2000-12-13
Mexico written by Nora Claudia Lustig and has been published by Brookings Institution Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000-12-13 with Business & Economics categories.
Today Mexico is viewed as a success story in the management of economic adjustment and structural reform. Inflation is under control, capital and foreign investment are returning, and out growth has increased. Mexico's recovery, however, has been neither smooth nor rapid. In mid-1982, Mexico was in deep economic crisis compounded by an unfavorable international environment. Mexico was saddled with a large foreign debt, world interest rates were high, commercial banks had stopped lending, and the price for oil was dropping. Conditions at home were no better with rampant inflation, increasing capital flight, and chaos in financial and foreign exchange markets. To confront internal imbalances and accommodate adverse external conditions, Mexico adjusted its consumption and output, then sought new ways to foster growth. The crisis and adjustment imposed great hardship and demanded enormous discipline on the part of the government. This was accomplished without serious political or social disruption. In this book, Nora Lustig analyzes Mexico's economic evolution from the outset of the debt crisis in 1982 until the sweeping reforms began to bear fruit in the early 1990s. She explains the causes of the 1982 economic crisis and why it took Mexico "so long" to restore stability and growth. She also explores the question of the social costs of economic crisis and adjustment, and why the process may have been easier for Mexico than other debt-ridden countries. A discussion of the emerging role of the state in Mexico and the country's new outward-oriented development strategy is followed by an analysis of its search for greater economic integration with the United States and Canada. Selected by Choice as an Outstanding Book of 1992
Mexico The Remaking Of An Economy
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Author : Nora Lustig
language : en
Publisher: Brookings Institution Press
Release Date : 1992
Mexico The Remaking Of An Economy written by Nora Lustig and has been published by Brookings Institution Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992 with Business & Economics categories.
Today Mexico is viewed as a success story in the management of economic adjustment and structural reform. Inflation is under control, capital and foreign investment are returning, and output growth has increased. Mexico's recovery, however, has been neither fast nor smooth, and the social costs the country has borne for the past several years have been very large. In 1982, Mexico faced a severe balance-of-payments crisis. Rampant inflation, capital flight, and a collapse of economic activity were the consequences of an overexpansionist fiscal policy and adverse external conditions. For the next five years, the Mexican government struggled to restore stability and growth without success. Falling oil prices and lack of adequate external financing made these goals extremely difficult to achieve. With the implementation of the Economic Solidarity Pact, inflation was finally brought down in 1988. However, fiscal discipline and far-reaching reforms notwithstanding, growth did not follow. To convince investors to put their capital in Mexico required something more. Initiatives such as the reprivatization of the banking system and the pursuit of a free trade agreement with the United States finally produced the observed turnaround starting in 1990. In this book, Nora Lustig tells the story of adjustment and reform in Mexico from the onset of the debt crisis in 1982 through the early 1990s when the sweeping reforms began to bear fruit. The author looks closely at the social costs of adjustment and who bore the greatest share. In addition, she explores the characteristics of the new development strategy and analyzes the motivations and potential consequences of Mexico's search for greatereconomic integration with the United States.
Mexico
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Author : Nora Lustig
language : en
Publisher:
Release Date : 1992
Mexico written by Nora Lustig and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992 with Mexico categories.
Mexico S Economic Crisis
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Author : Miguel Ramirez
language : en
Publisher: Praeger
Release Date : 1989-03-10
Mexico S Economic Crisis written by Miguel Ramirez and has been published by Praeger this book supported file pdf, txt, epub, kindle and other format this book has been release on 1989-03-10 with Business & Economics categories.
In his penetrating analysis of Mexico's current economic, political, and social situation, Ramirez focuses on the major structural problems that underlie the nation's profound economic difficulties and the challenges they pose to its people. Writing for both economists and political scientists, Ramirez offers a framework of analysis for a better understanding of Mexico's economic crisis -- one based on an in-depth examination of both its historical origins and its present ramifications. The discussion is supported by comprehensive coverage of the relevant economic data, making this one of the most thorough treatments of the subject available in print. Following an introductory chapter that provides essential background information, Ramirez addresses the historical and institutional background of the current situation. His study is unusually broad-based in scope, encompassing such issues as the social costs of modernization and the legacy of revolution during the first part of this century, Cardenas and the revolutionary process, economic growth via import-substitution policies, the exhaustion of the Mexican growth model during the 1970s and 1980s, the IMF austerity program. The final chapters present cogently argued policy recommendations -- including alternatives to the austerity measures imposed by international lending organizations. Ramirez's conclusions regarding the causes of Mexico's economic decline and his predictions for the country's economic future make an important contribution to the debate over Mexico's economic survival.
Development And Growth In The Mexican Economy
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Author : Juan Carlos Moreno-Brid
language : en
Publisher: Oxford University Press
Release Date : 2009-04-23
Development And Growth In The Mexican Economy written by Juan Carlos Moreno-Brid and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-04-23 with Business & Economics categories.
This book provides an overview of Mexico's economic development since Independence identifying its binding constraints in different periods and the ways in which they have been tried to be removed by economic policies. It gives special attention to developments since 1940 and presents a re-evaluation, critical of the dominant trend in the economic literature, of Mexico's development policies during the State-led industrialization period from 1940 to 1982 and during the more recent market reform process.
Understanding The Mexican Economy
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Author : Roy Boyd
language : en
Publisher: Emerald Group Publishing
Release Date : 2018-11-06
Understanding The Mexican Economy written by Roy Boyd and has been published by Emerald Group Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-11-06 with Business & Economics categories.
This book provides a full, historical, economic, and political context through which to understand the actions of the people and government of Mexico, and it gives insights into how those actions impinge -- and might continue to impinge -- on the United States.
Mexico S Economy
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Author : Robert E. Looney
language : en
Publisher: Routledge
Release Date : 2019-03-04
Mexico S Economy written by Robert E. Looney and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-03-04 with Political Science categories.
In the spring of 1976, I had the privilege of serving on a Stanford Research Institute team engaged in examining various facets of the Mexican economy. That study provided the opportunity to visit many government ministries and talk with some of Mexico's leading economists. These professional experiences stimulated me to undertake full-scale research on the growth potential of the Mexican economy, a subject in which I had long been interested and on which I had written from time to time, beginning with my book Income Distribution Policies and Economic Growth in Semi-Industrialized Countries: A Comparative Study of Iran, Mexico, Brazil, and South Korea. 1 The present volume might be regarded as the culmination of this endeavor. The methodological approach here is partly descriptive and partly empirical-illustrative formal models are built on both qualitative and theoretical foundations. To sharpen the issue and put the Mexican economy in perspective, international comparisons are made through-out.
Mexico And Mexico City In The World Economy
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Author : Edgar W Butler
language : en
Publisher: Routledge
Release Date : 2018-10-08
Mexico And Mexico City In The World Economy written by Edgar W Butler and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-10-08 with Political Science categories.
To understand contemporary Mexico, it is absolutely necessary to examine its level of development, and its relationship with the rest of the world. The level of development will, most likely, be related to the world system network, although the concepts are not identical. In Understanding Mexico and Mexico City in the World Economy, the authors aim to determine Mexico's level of development, and how Mexico fits into the world system.Through their research, the authors provide outcomes that will develop a more refined world systems approach. The book features cluster analyses of Mexican economic development levels, sector case studies including specific spatial analyses and maps of trends in Mexico, a systematic theoretic framework encompassing levels of the world, national, and local areas, and recent data presented through maps, tables, charts, and statistical summaries. The text will prove to be useful and practical for researchers, academics, and others interested in Mexico and its international linkages.
Mexico S Recent Economic Growth
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Author :
language : en
Publisher: University of Texas Press
Release Date : 2014-11-11
Mexico S Recent Economic Growth written by and has been published by University of Texas Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-11-11 with Political Science categories.
The Mexican economy underwent a process of growth and transformation in the twentieth century, which was confirmed by the indexes and figures that economists use to chart the rate of growth, even allowing for possible inaccuracies in these figures. This volume of six essays makes readily available to English-speaking readers a selection of significant contributions by outstanding Mexican economists dealing with the mid-twentieth-century growth of the Mexican economy. Enrique Pérez López provides an overview of the development of the gross national product in the economy and the structural changes that were imperative if basic social goals were to be implemented and the optimal adjustments to changing world conditions effected. Ernesto Fernández Hurtado discusses the process of accommodation and cooperation between the public and the private sectors that has contributed significantly to economic growth, stressing particularly the role of agriculture. Mario Ramón Beteta describes central bank policy and the functioning of the Central Bank, showing how control over credit and the banking system assures stability and accelerating growth through its credit rationing. Alfredo Navarrete R. traces the sources of domestic savings that have provided 90 percent of the capital employed in the economy since the Revolution, and Ifigenia M. de Navarrete demonstrates that rapid economic growth has not resulted in a more equitable distribution of income. Victor Urquidi stresses the balanced growth, achieved by allocating public capital formation to basic infrastructure, that has helped develop agriculture as well as industry, and indicates the nature of the structural change that must occur if the economy is to expand rapidly. In his introduction Tom E. Davis compares growth in Mexico with developments during the same period in Chile and Argentina. The country reached its midcentury standard of living after fifty years of drastic social and political changes under a constitution that altered the system and the concept of private property and the role of the state. These new concepts brought about changes in the structure of production and social relationships, together with a rise to new cultural, technical, and moral levels. These changes, in turn, placed Mexico in a new position with new problems. A question that must be answered is whether the economic goals of the future require a reappraisal of social relationships and of the ways of administering and utilizing the country’s resources and potential productivity.
Economic Transformation The Mexican Way
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Author : Pedro Aspe Armella
language : en
Publisher: MIT Press
Release Date : 1993
Economic Transformation The Mexican Way written by Pedro Aspe Armella and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with Business & Economics categories.
The book examines how Mexico has tried to stabilize its economy with measures such as economic deregulation, fiscal reform, privatization of state-owned enterprises, and realistic budget management.