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

Author

Listed:
  • Shane, Mathew
  • Stallings, David

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.

Suggested Citation

  • Shane, Mathew & Stallings, David, 1991. "The Mexican Economy in the 1990's: Markets Are In, State Control Is Out," Agricultural Information Bulletins 309588, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uersab:309588
    DOI: 10.22004/ag.econ.309588
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    File URL: https://ageconsearch.umn.edu/record/309588/files/aib635.pdf
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    Cited by:

    1. Hallberg, Milton C. & Cranney, James R. & Smith, Stephen M. & Valdes, Constanza M., 1992. "The Mexican Dairy Economy and Potentials of Liberalized Trade for the U.S. Dairy Industry," AE & RS Research Reports 257725, Pennsylvania State University, Department of Agricultural Economics and Rural Sociology.

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