Read Mexico: The Remaking of an Economy

Mexico: The Remaking of an Economy

Nora Lustig

4.9/5 (25621 ratings)

Description: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.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Mexico: The Remaking of an Economy. To get started finding Mexico: The Remaking of an Economy, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

Pages: —

Format: PDF, EPUB & Kindle Edition

Publisher: —

Release: —

ISBN: 0815753136

Description: 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.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Mexico: The Remaking of an Economy. To get started finding Mexico: The Remaking of an Economy, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

Special Offer | $0.00

Special Offer! | $0.00

Mexico: The Remaking of an Economy

Mexico: The Remaking of an Economy

More Books

[Mexico: The Remaking of an Economy] [Author: Nora Claudia Lustig] [August, 1998]

[Mexico: The Remaking of an Economy] [Author: Nora Claudia Lustig] [August, 1998]

Commitment to Equity Handbook: Estimating the Impact of Fiscal Policy on Inequality and Poverty

Commitment to Equity Handbook: Estimating the Impact of Fiscal Policy on Inequality and Poverty

Declining Inequality in Latin America: A Decade of Progress?

Declining Inequality in Latin America: A Decade of Progress?

Shielding the Poor: Social Protection in the Developing World

Shielding the Poor: Social Protection in the Developing World

Distribución del ingreso y crecimiento en México. Un análisis de las ideas estructuralistas.

Distribución del ingreso y crecimiento en México. Un análisis de las ideas estructuralistas.

Crecimiento Económico y Equidad (Los Grandes Problemas de Mexico, Vol. IX)

Crecimiento Económico y Equidad (Los Grandes Problemas de Mexico, Vol. IX)

Mexico (Stabilization and adjustment policies and programmes : country study)

Mexico (Stabilization and adjustment policies and programmes : country study)

Mexico in crisis, the U.S. to the rescue: The financial assistance package of 1982 and 1995 (Brookings discussion papers)

Mexico in crisis, the U.S. to the rescue: The financial assistance package of 1982 and 1995 (Brookings discussion papers)