IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-349-26567-1_8.html
   My bibliography  Save this book chapter

Structural Adjustment and Economic Growth in Mexico

In: Development Strategies in East Asia and Latin America

Author

Listed:
  • Robert McCleery

Abstract

In November 1994, Mexico seemed poised to enjoy four or five per cent GDP growth in 1995. This growth would have been the most rapid since 1981, and would have represented a long-delayed return on the substantial investment Mexico had made in stabilization. Over the next 31 days, the value of the new peso fell from 5 to nearly 7.8 to the dollar, and foreign exchange reserves fell to critical levels, down from nearly US$ 26 billion in the first quarter of 1994. The pursuit of the elusive combination of growth with macroeconomic stability had clearly failed once again.

Suggested Citation

  • Robert McCleery, 1998. "Structural Adjustment and Economic Growth in Mexico," Palgrave Macmillan Books, in: Akio Hosono & Neantro Saavedra-Rivano (ed.), Development Strategies in East Asia and Latin America, chapter 8, pages 122-138, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-26567-1_8
    DOI: 10.1007/978-1-349-26567-1_8
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-1-349-26567-1_8. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.