The development of the Mexican low- and middle-income housing market since the economic crisis of 1994

The development of the Mexican low- and middle-income housing market since the economic crisis of 1994 PDF Author: Michael A. Braun
Publisher: GRIN Verlag
ISBN: 3640278089
Category : Political Science
Languages : en
Pages : 99

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Book Description
Master's Thesis from the year 2007 in the subject Politics - Region: Middle and South America, grade: 2,6, Free University of Berlin (Latin America Institute / Department for International Politics ), course: International Relations, language: English, abstract: A devaluation of the Peso in 1994 threw Mexico into economic turmoil, triggering the worst recession for over half a century. Since then the nation made an impressive recovery on many scenes ranging from economics to society. Also the housing market has improved dramatically for various reasons such as significant policy changes. Only the general, systematic housing shortage, the under-supply of mortgages and the under-capitalization of developers still hindered further growth. This was yet addressed by the Fox government introducing new approaches and special agencies to keep social stability and enhance further economic growth. Therefore the thesis points on the rather recent developments of the Mexican housing market including the question how it became the way it is. Furthermore, the political and economic motivations and influence of both, public and private local and foreign actors to the market, without which neither it would not have grown that much, nor will grow as projected, are highlighted. Moreover, potential obstacles to further market growth and increased stability such as an ongoing lack of capital are named, and promoted along with ideas beyond like environmentally friendlier approaches that are in the long-term favor of the Mexican society.

The development of the Mexican low- and middle-income housing market since the economic crisis of 1994

The development of the Mexican low- and middle-income housing market since the economic crisis of 1994 PDF Author: Michael A. Braun
Publisher: GRIN Verlag
ISBN: 3640278089
Category : Political Science
Languages : en
Pages : 99

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Book Description
Master's Thesis from the year 2007 in the subject Politics - Region: Middle and South America, grade: 2,6, Free University of Berlin (Latin America Institute / Department for International Politics ), course: International Relations, language: English, abstract: A devaluation of the Peso in 1994 threw Mexico into economic turmoil, triggering the worst recession for over half a century. Since then the nation made an impressive recovery on many scenes ranging from economics to society. Also the housing market has improved dramatically for various reasons such as significant policy changes. Only the general, systematic housing shortage, the under-supply of mortgages and the under-capitalization of developers still hindered further growth. This was yet addressed by the Fox government introducing new approaches and special agencies to keep social stability and enhance further economic growth. Therefore the thesis points on the rather recent developments of the Mexican housing market including the question how it became the way it is. Furthermore, the political and economic motivations and influence of both, public and private local and foreign actors to the market, without which neither it would not have grown that much, nor will grow as projected, are highlighted. Moreover, potential obstacles to further market growth and increased stability such as an ongoing lack of capital are named, and promoted along with ideas beyond like environmentally friendlier approaches that are in the long-term favor of the Mexican society.

Debtfare States and the Poverty Industry

Debtfare States and the Poverty Industry PDF Author: Susanne Soederberg
Publisher: Routledge
ISBN: 1317646738
Category : Political Science
Languages : en
Pages : 303

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Book Description
WINNER of the BISA IPEG Book Prize 2015 http://www.bisa-ipeg.org/ipeg-book-prize-2015-winner-announced/ Under the rubric of ‘financial inclusion’, lending to the poor –in both the global North and global South –has become a highly lucrative and rapidly expanding industry since the 1990s. A key inquiry of this book is what is ‘the financial’ in which the poor are asked to join. Instead of embracing the mainstream position that financial inclusion is a natural, inevitable and mutually beneficial arrangement, Debtfare States and the Poverty Industry suggests that the structural violence inherent to neoliberalism and credit-led accumulation have created and normalized a reality in which the working poor can no longer afford to live without expensive credit. The book further transcends economic treatments of credit and debt by revealing how the poverty industry is extricably linked to the social power of money, the paradoxes in credit-led accumulation, and ‘debtfarism’. The latter refers to rhetorical and regulatory forms of governance that mediate and facilitate the expansion of the poverty industry and the reliance of the poor on credit to augment/replace their wages. Through a historically grounded analysis, the author examines various dimensions of the poverty industry ranging from the credit card, payday loan, and student loan industries in the United States to micro-lending and low-income housing finance industries in Mexico. Providing a much-needed theorization of the politics of debt, Debtfare States and the Poverty Industry has wider implications of the increasing dependence of the poor on consumer credit across the globe, this book will be of very strong interest to students and scholars of Global Political Economy, Finance, Development Studies, Geography, Law, History, and Sociology. The Open Access version of this book, available at http://www.taylorfrancis.com/books/e/9781315761954, has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives 4.0 license. https://www.youtube.com/watch?v=2lU6PHjyOzU

Global Poverty Alleviation: A Case Book

Global Poverty Alleviation: A Case Book PDF Author: Pauline J. Albert
Publisher: Springer Science & Business Media
ISBN: 9400774796
Category : Business & Economics
Languages : en
Pages : 367

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Book Description
This case book provides examples of multi-stakeholder partnerships that aim to create sustainable enterprises for both the for-profit sectors and for individuals who live in conditions of poverty. Ideal for teaching, after a brief introduction to the case method, the cases are presented as descriptions with no comments or criticisms. The cases are arranged thematically and cover a broad array of solutions in diverse countries including India, Bangladesh, Vietnam, Tanzania, the United States, South Africa, Mozambique, Peru, Ghana, Haiti,and Mexico. Specific programs for alleviating—or even eradicating—poverty through profitable partnerships come from myriad sectors such as banking, health, education, infrastructure development, environment, and technology. The cases highlight solutions that focus on bringing about substantive shifts in the conditions of life for those living in poverty.​

Adjustment, Poverty and Employment in Mexico

Adjustment, Poverty and Employment in Mexico PDF Author: Araceli Damian
Publisher: Routledge
ISBN: 1351749145
Category : Social Science
Languages : en
Pages : 183

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Book Description
This title was first published in 2000: Analyzing the poverty trends in Mexico during the 1980s and early 1990s, this work is concerned with the extent to which changes in the levels of poverty have modified the extent of participation in the labour market. The period covered is 1982 to 1994, when the Mexican economy experienced an economic crisis and the government set in motion the main stabilization policies and structural adjustment reforms. The author challenges the idea that adjustment reforms have had "social costs" in terms of income and formal employment loss. Despite income losses, well-being indicators continued to improve; and employment statistics show that employment grew despite the economic crisis and adjustment. The paradox of household income decline and the increase in income poverty is explained.

Mexico's Middle Class in the Neoliberal Era

Mexico's Middle Class in the Neoliberal Era PDF Author: Dennis Gilbert
Publisher: University of Arizona Press
ISBN: 0816534144
Category : History
Languages : en
Pages : 155

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Book Description
Mexico’s modern middle class emerged in the decades after World War II, a period of spectacular economic growth and social change. Though little studied, the middle class now accounts for one in five Mexican households. This path-breaking book explores the changing fortunes and political transformation of the middle class, especially during the last two decades, as Mexico has adopted new, market-oriented economic policies and has abandoned one-party rule. Blending the personal narratives of middle-class Mexicans with analyses of national surveys of households and voters, Dennis Gilbert traces the development of the middle class since the 1940s. He describes how middle-class Mexicans were affected by the economic upheavals of the 1980s and 1990s and examines their shifting relations with the ruling Partido Revolucionario Institucional (PRI). Long faithful to the PRI, the middle class gradually grew disenchanted. Gilbert examines middle-class reactions to the 1968 Tlatelolco massacre, the 1982 debt crisis, the government’s feeble response to the 1985 Mexico City earthquake, and its brazen manipulation of the vote count in the 1988 presidential election. Drawing on detailed interviews with Mexican families, he describes the effects of the 1994–95 peso crisis on middle-class households and their economic and political responses to it. His analysis of exit poll data from the 2000 elections shows that the lopsided middle-class vote in favor of opposition candidate Vicente Fox played a critical role in the election that drove the PRI from power after seven decades. The book closes with an epilogue on the middle class and the July 2006 presidential elections.

Mexico - Low Income Housing

Mexico - Low Income Housing PDF Author: Weltbank
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Book Description
This report evaluates the shortcomings of current housing policies, and provides a framework for analysis of alternative policies. Its message is threefold: First, housing has a significant role in terms of basic social support, where the housing unit is a source of capital accumulation, thus a key to expanding Mexico's middle class, from a minority to a majority. Second, the country is facing a two-tiered housing market, those that can afford formal housing, and the near majority who are not served by current federal programs. Third, the housing finance system has amalgamated into multiple institutions, with unclear accountability, and divergent criteria for subsidized credit. The report further reviews the significant challenges facing housing demand, supply, and government intervention, stating that in the absence of viable alternatives, many Mexicans households are under-housed, and suffer from insecure tenure, crowding, and poor quality of housing. This weakness exacerbates poverty, by limiting capital formation, and the role of shelter in improving the asset base of the poor, and, adversely impacts the national economy. The country requires a substantial program of support for low-income housing over the next two decades. In the formal market, reform is necessary to increase effectiveness of current programs so as to open the market to a wider range of private mortgage originators, and investors. And, given the limited fiscal capacity, trade-offs between the scope and depth of support to different segments of the market must be made. Public financial support to the middle market should be incrementally withdrawn, and focused more directly to the poor, requiring a coordinated strategy among public and quasi-public housing agencies to strengthen the market, where a major role for the new Housing Commission would be to oversee implementation of such strategy. Moreover, demand-side subsidies are necessary to support the poor, as well as norms and practices adjusted to foster progressive housing.

Financing Urban Shelter

Financing Urban Shelter PDF Author: Un-Habitat
Publisher: Routledge
ISBN: 1136565752
Category : Architecture
Languages : en
Pages : 297

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Book Description
'Achieving the goals set by world leaders in the United Nations Millennium Declaration will be difficult without a significant improvement in the lives of slum dwellers, and the lives of slum dwellers cannot be improved without the sound and sustainable economic development that is conducive to the establishment of a strong shelter sector. As Financing Urban Shelter: Global Report on Human Settlements 2005 emphasizes, one of the key challenges in meeting the Millennium Declaration Goal on slums is mobilization of the financial resources necessary for both slum upgrading and slum prevention by supplying new housing affordable to lower income groups on a large scale. . . . It is my hope that, by highlighting the impacts of current shelter financing systems on low-income households and by identifying the types of financing mechanisms that appear to have worked for them, this report will contribute to the efforts of the wide range of actors involved in improving the lives of slum dwellers, including governments at the central and local levels, as well as non-governmental and international organizations.' From the Foreword by KOFI ANNAN, Secretary-General, United Nations Financing Urban Shelter presents the first global assessment of housing finance systems, placing shelter and urban development challenges within the overall context of macroeconomic policies. The report describes and analyses housing finance conditions and trends in all regions of the world, including formal housing finance mechanisms, microfinance and community funding, highlighting their relevance to the upgrading of slums. Recent shelter finance policy development is discussed at the international and national levels, and the directions that could be taken to strengthen shelter finance systems are examined. The Global Report on Human Settlements is the most authoritative and up-to-date assessment of conditions and trends in the world's cities. It is an essential tool and reference for researchers, academics, public authorities and civil society organizations around the world. The preceding issues of the Global Report on Human Settlements have addressed such topics as An Urbanizing World, Cities in a Globalizing World and The Challenge of Slums. Published with UN-HABITAT

The Poverty of Revolution

The Poverty of Revolution PDF Author: Susan Eva Eckstein
Publisher: Princeton University Press
ISBN: 1400853915
Category : Social Science
Languages : en
Pages : 382

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Book Description
The plight of the urban poor in Mexico has changed little since World War II, despite the country's impressive rate of economic growth. Susan Eckstein considers how market forces and state policies that were ostensibly designed to help the poor have served to maintain their poverty. She draws on intensive research in a center city slum, a squatter settlement, and a low-cost housing development. Originally published in 1977. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

Beyond Shifting Wealth Perspectives on Development Risks and Opportunities from the Global South

Beyond Shifting Wealth Perspectives on Development Risks and Opportunities from the Global South PDF Author: OECD
Publisher: OECD Publishing
ISBN: 9264273158
Category :
Languages : en
Pages : 94

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Book Description
Emerging and developing countries have grown faster than advanced countries since the 2000s. This shifting weight of global economic activity from 'the West' to 'East and South' is referred to as “shifting wealth”. But in recent years, a number of factors, such as lower commodity prices, seem ...

Mexico - Low Income Housing

Mexico - Low Income Housing PDF Author: Weltbank
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Book Description
This report evaluates the shortcomings of current housing policies, and provides a framework for analysis of alternative policies. Its message is threefold: First, housing has a significant role in terms of basic social support, where the housing unit is a source of capital accumulation, thus a key to expanding Mexico's middle class, from a minority to a majority. Second, the country is facing a two-tiered housing market, those that can afford formal housing, and the near majority who are not served by current federal programs. Third, the housing finance system has amalgamated into multiple institutions, with unclear accountability, and divergent criteria for subsidized credit. The report further reviews the significant challenges facing housing demand, supply, and government intervention, stating that in the absence of viable alternatives, many Mexicans households are under-housed, and suffer from insecure tenure, crowding, and poor quality of housing. This weakness exacerbates poverty, by limiting capital formation, and the role of shelter in improving the asset base of the poor, and, adversely impacts the national economy. The country requires a substantial program of support for low-income housing over the next two decades. In the formal market, reform is necessary to increase effectiveness of current programs so as to open the market to a wider range of private mortgage originators, and investors. And, given the limited fiscal capacity, trade-offs between the scope and depth of support to different segments of the market must be made. Public financial support to the middle market should be incrementally withdrawn, and focused more directly to the poor, requiring a coordinated strategy among public and quasi-public housing agencies to strengthen the market, where a major role for the new Housing Commission would be to oversee implementation of such strategy. Moreover, demand-side subsidies are necessary to support the poor, as well as norms and practices adjusted to foster progressive housing.