The Mexican Economy in the 1990's: Markets Are In, State Control Is Out

Mathew Shane and David Stallings

No 309588, Agricultural Information Bulletins from United States Department of Agriculture, Economic Research Service

Abstract: The dramatic changes in Mexico's macroeconomic policies have shown that the Government is prepared to alter the course of the Mexican economy to keep pace with new global realities. Initiated in December 1987, these policies are moving Mexico toward a more open economy based on the principles of free trade and competitive enterprise. The United States benefits not only from a more secure and stable southern border, but also from a potential boost in trade. Inflation declined after the Mexican Government reduced foreign debt, decreased trade constraints, increased foreign investment, reduced the budget deficit, and slowed the depreciation rate of the peso. Economic growth has accelerated, averaging 3.5 percent in 1989-91, compared with less than 2 percent in 1982-88. Growth is expected to continue over the next 5 years.

Keywords: International Relations/Trade; Public Economics (search for similar items in EconPapers)
Pages: 12
Date: 1991-10
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersab:309588

DOI: 10.22004/ag.econ.309588

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