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POLITICS IN MEXICO

POLITICS IN MEXICO. LUIS ESTRADA lmestrad@weber.ucsd.edu Spring quarter 2005. Mexican Economic Miracle, 1940-1980. After expropriation of oil, WWII was a factor (attracting investment and multiplying clients

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POLITICS IN MEXICO

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  1. POLITICS IN MEXICO LUIS ESTRADA lmestrad@weber.ucsd.edu Spring quarter 2005

  2. Mexican Economic Miracle, 1940-1980 • After expropriation of oil, WWII was a factor (attracting investment and multiplying clients • ISI: Import Substitution Industrialization (attracting external capital). Peso is ‘undervalued’ • Raw materials in exchange of capital goods

  3. Mexican Economic Miracle, 1940-1980 • Exchange and interest rates are stable, just as inflation • GDP growth of 6% annually 1940-1980 on average • Rural to Urban

  4. Mexican Economic Miracle, 1940-1980 • It became clear that the industries that had been built could only survive in the free-market with strong protectionism and tariffs • Stagnant industries and agriculture. Decreased productivity

  5. Mexican Economic Miracle, 1940-1980 • Large deficits are financed through external borrowing • Before devaluating, inflation rises • ‘Shared’ Development • Solution in the ’70s: Oil (more borrowing) • Oil Crisis, prices drop: bankruptcy • Concentration of wealth in fewer people

  6. Labor Organizations

  7. Destape (Revelation) • Tapado (possible successor) • Member of the Revolutionary Family • Candidate acclaimed by unanimity

  8. Manuel Avila-Camacho

  9. Miguel Alemán

  10. Adolfo Ruiz-Cortines

  11. Adolfo López-Mateos

  12. Gustavo Díaz-Ordaz

  13. Luis Echeverría

  14. José López-Portillo

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