Author: Nora Claudia Lustig
Publisher: Brookings Institution Press
ISBN: 0815721242
Category : Political Science
Languages : en
Pages : 308
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Book 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 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
Author: Nora Lustig
Publisher:
ISBN: 9780585259178
Category : Political Science
Languages : en
Pages : 287
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Book Description
Hailed by CHOICE as "a concise, exceptionally clear exposition of the transformation of Mexican economic policy since 1982", the first edition of MEXICO was published at the height of "Mexico-optimism" in 1992. Two years later, however, Mexico was on the verge of financial collapse. Author Nora Lustig updates her original book and analyzes Mexico's economy and relatively slow growth in the early nineties.
Author: Santiago Levy
Publisher: Rowman & Littlefield
ISBN: 0815701632
Category : Political Science
Languages : en
Pages : 377
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Book Description
Despite various reform efforts, Mexico has experienced economic stability but little growth. Today more than half of all Mexican workers are employed informally, and one out of every four is poor. Good Intentions, Bad Outcomes argues that incoherent social programs significantly contribute to this state of affairs and it suggests reforms to improve the situation. Over the past decade, Mexico has channeled an increasing number of resources into subsidizing the creation of low-productivity, informal jobs. These social programs have hampered growth, fostered illegality, and provided erratic protection to workers, trapping many in poverty. Informality has boxed Mexico into a dilemma: provide benefits to informal workers at the expense of lower growth and reduced productivity or leave millions of workers without benefits. Former finance official Santiago Levy proposes how to convert the existing system of social security for formal workers into universal social entitlements. He advocates eliminating wage-based social security contributions and raising consumption taxes on higher-income households to simultaneously increase the rate of growth of GDP, reduce inequality, and improve benefits for workers. Go od Intentions, Bad Outcomes considers whether Mexico can build on the success of Progresa-Oportunidades, a targeted poverty alleviation program that originated in Mexico and has been replicated in over 25 countries as well as in New York City. It sets forth a plan to reform social and economic policy, an essential element of a more equitable and sustainable development strategy for Mexico.
Author: Nora Lustig
Publisher:
ISBN:
Category : Mexico
Languages : en
Pages : 186
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Book Description
Author: Yann Moulier-Boutang
Publisher: Polity
ISBN: 0745647324
Category : Business & Economics
Languages : en
Pages : 258
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Book Description
This book argues that we are undergoing a transition from industrial capitalism to a new form of capitalism - what the author calls & lsquo; cognitive capitalism & rsquo;
Author: Sebastián Royo
Publisher: Palgrave Macmillan
ISBN: 9781403964120
Category : Political Science
Languages : en
Pages : 268
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Book Description
Is globalization forcing "non-coordinated market economies," such as Chile, Mexico, Spain, and Portugal, to converge on an Anglo-American model? What explains national differences in social and economic policies? While theories of comparative economic advantage have dominated discussions of international trade, this book seeks to build on the hypotheses generated by the recent literature on "varieties of capitalism" to demonstrate the impact that institutions have on the national economic policy patterns of these countries.
Author: Jorge I. DomÃnguez
Publisher: JHU Press
ISBN: 9780801860935
Category : History
Languages : en
Pages : 300
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Book Description
In this groundbreaking study of Mexican public opinion and elections, Jorge Dominguez and James McCann examine the attitudes and behaviors of Mexican voters from the 1950s to the 1990s and find evidence of both support for and increasing independence from the nation's ruling party. They make extensive use of polls conducted during the 1988, 1991, and 1994 national elections and draw from in-depth interviews with leading political figures, including major presidential candidates. Although the 1994 presidential election showed that Mexican citizens are making their opinions known and felt at the polls, Dominguez and McCann argue that Mexico cannot be considered a democracy as long as party elites fail to ensure truly free and fair elections. Democratizing Mexico makes it clear, however, that Mexican citizens are ready for democratic politics.
Author: Carol Wise
Publisher: Penn State Press
ISBN: 9780271044019
Category : Business & Economics
Languages : en
Pages : 396
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Book Description
An assessment of the impact of NAFTA on Mexico and its implications for the broadening of hemispheric economic cooperation.
Author: James D. Huck Jr.
Publisher: Bloomsbury Publishing USA
ISBN: 1851099832
Category : Social Science
Languages : en
Pages : 416
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Book Description
An authoritative yet accessible introduction to the history, politics, and society of one of Latin America's most enigmatic and culturally diverse countries. Mexico: A Global Studies Handbook is an ideal introduction to the United States' southern neighbor for students, travelers, businesspeople, or other interested readers. It debunks a variety of myths and misconceptions that have evolved over time, clarifying the realities of both historic and contemporary Mexico. Mexico offers an authoritative yet engaging tour of Mexican history and geography, as well its current economic and business climate, governmental structure, popular culture, and society. It also provides an alphabetically organized "mini-encyclopedia" for quick access to information on notable Mexican people, places, and events. Together, these sections provide everything readers need to understand Mexico's pre-Colombian origins, colonial legacies of dependence and Westernization, and its continuing efforts to craft a national identity.
Author: Osvaldo Santin Quiroz
Publisher: Routledge
ISBN: 1351786768
Category : Social Science
Languages : en
Pages : 265
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Book Description
This title was first published in 2001. An analysis of the political economy of Mexico's financial reform. It is organized in three parts. The first part - chapters one to four - develops the framework, both historical and institutional. The first chapter outlines the theoretical discussion on state autonomy and develops a simple analytical framework to study public policy decisions. The subsequent three chapters address three main themes: external dependency of domestic states on international capital, political change under President Carlos Salinas and financial policy in Mexico. The second part presents the analysis of three main institutional changes to the financial system - development banking reform, commercial banking privatisation and autonomy of the central bank. Each specific case study shows how the reforms conformed to the ideas of the dominant consensus on economic policy and how they delivered an inefficient incentive structure. The third part - chapter eight - brings together all the elements to explain Mexico's 1994 financial crisis.
