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The establishment of neoliberalism in Mexico

Author

Listed:
  • Juan Pablo Arroyo Ortiz

    (Universidad Nacional Autonoma de Mexico)

Abstract

Neoliberalism established itself in Mexico a system of government and economic and social policy in a long process over 35 years since 1981. It began with the financial crisis of 1982, caused by the fall in oil prices and growth in interest rates when Paul Volcker headed the US financial policy. In Mexico the crisis led to a repayment crisis and a debt renegotiation with the IMF and the banking system. The government nationalized the retail banks in September, but in December a new government began a transformation of society based on the predominance of private enterprise and the market as an allocation mechanism.

Suggested Citation

  • Juan Pablo Arroyo Ortiz, 2019. "The establishment of neoliberalism in Mexico," PSL Quarterly Review, Economia civile, vol. 72(289), pages 167-184.
    • Handle: RePEc:psl:pslqrr:2019:27
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    File URL: https://ojs.uniroma1.it/index.php/PSLQuarterlyReview/article/view/15538/14963
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    More about this item

    Keywords

    Neoliberalism; economic policy; Mexico;
    All these keywords.

    JEL classification:

    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;

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