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President Calderón opted for using price ceilings for tortillas that protect local producers of corn. This price control came in the form of a "Tortilla Price Stabilization Pact" between the government and many of the main tortilla producing companies, including Grupo Maseca and Bimbo, to put a price ceiling at MXN 8.50 per kilogram of tortilla. [6]
Software used: Federal Digital System, U. S. Government Publishing Office: Date and time of digitizing: 19:08, 24 January 2017: File change date and time
A related government intervention to price floor, which is also a price control, is the price ceiling; it sets the maximum price that can legally be charged for a good or service, with a common example being rent control. A price ceiling is a price control, or limit, on how high a price is charged for a product, commodity, or service.
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Medicines pricing policies are defined as "regulations and processes used by government authorities to set the price of a medicine as part of exercising price control". [13]: 190 ERP is a mechanism for price control, or cost-containment policy. [13]: 192 A quarter of all health expenditures globally is on medicines. [12]
From 1966 onwards, the government introduced a series of Prices and Incomes Orders to limit price and wage increases by law. This was in effect the end of the voluntary policy which had been envisaged. George Brown, the Secretary of State for Economic Affairs responsible for the board, was moved later that year to become Foreign Secretary. [3]
However, the year 1982 gave way to market restructuring policies and gradual political reforms that prompted the democratic transition of Mexico (1982–2012). [16] The first efforts to introduce free and fair elections came with President Miguel de la Madrid in 1983. Still, the attempt was unsuccessful, as he was opposed by politicians in his ...