Mexico : the remaking of an economy /

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 wa...

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Bibliografische gegevens
Hoofdauteur: Lustig, Nora
Formaat: Licensed eBooks
Taal:Engels
Gepubliceerd in: Washington, D.C. : Brookings Institution Press ©1998.
Editie:2nd ed.
Online toegang:https://www.jstor.org/stable/10.7864/jj.13568067
Inhoudsopgave:
  • Cover
  • Contents
  • Preface to the Second Edition
  • Abbreviations and Acronyms
  • Part I The Remaking of an Economy
  • Introduction
  • Mexico's Adjustment and Recovery: A Summary
  • A Note on Method
  • 1. The Genesis of the 1982 Crisis
  • The Golden Years of ""Stabilizing Development
  • Macroeconomic Imbalances and the 1976 Balance-of-Payments Crisis
  • The Oil Boom and the Onset of the 1982 Crisis
  • Concluding Remarks
  • 2. From Crisis to Recovery
  • The First Attempt at Stabilization, 1983-85
  • The Failure of the First Stabilization Program
  • From the 1986 Oil Shock to the 1987 Run on the Peso
  • The Implementation of the Economic Solidarity Pact
  • The Pursuit of Economic Recovery
  • Concluding Remarks
  • 3. The Social Costs of Adjustment
  • Adjustment, Living Standards, and Income Distribution
  • Living Conditions before the Crisis
  • Trends in Earned Real Incomes since 1982
  • Unemployment and Employment Patterns
  • Social Income: The Evolution of Public Spending on Social Sectors
  • Resource Availability in Education and Health
  • Food Subsidies: From General to Targeted
  • Social Indicators: Nutrition and Health, Education, and Incidence of Crime
  • Household Survival Strategies
  • Who Bore the Costs and to What Extent?
  • Concluding Remarks
  • 4. Public Sector Reforms
  • Fiscal Policy Reform
  • Divestiture of Public Enterprises
  • Deregulation
  • Concluding Remarks
  • 5. Looking Outward: Reforms in the Foreign Trade and Investment Regimes
  • Trade Liberalization
  • Impact of Trade Liberalization on Economic Performance
  • Industrial Programs
  • The Changing Foreign Investment Regime
  • Intellectual Property Rights
  • Joining the General Agreement on Tariffs and Trade
  • Seeking Closer Ties with the United States
  • Concluding Remarks
  • Epilogue
  • Part 2 The Re-Remaking of an Economy
  • 6. Slow Growth and the Peso Crisis
  • Slow Growth: Why Were Reforms Not Paying Off?
  • The Devaluation in December 1994
  • 7. Rescue, Recession, and Recovery
  • The Unexpected Financial Debacle
  • The Rescue Package Is Increased
  • The Mexican Recession and Economic Recovery
  • 8. The Unhappy End: Poverty and Inequality
  • The Evolution and the Profile of Poverty and Inequality
  • Poverty in the Primary Sector: Why Did It Rise?
  • Economic Openness and Inequality
  • Living Standards and the Peso Crisis
  • 9. Conclusion
  • Appendix: Agreement Signed by Mexico and Its Commercial Banks on Debt and Debt Service Reduction
  • Notes
  • Index
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