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The economy of Mexico is a developing mixed-market economy. [21] It is the 13th largest in the world in nominal GDP terms and by purchasing power parity as of 2024. [4] Since the 1994 crisis, administrations have improved the country's macroeconomic fundamentals.
The Mexican peso crisis was a currency crisis sparked by the Mexican government's sudden devaluation of the peso against the U.S. dollar in December 1994, which became one of the first international financial crises ignited by capital flight.
Industry and Society in a Mexican City, 1700–1850. Boulder: Westview Press 1989. Tutino, John. "Life and Labor in North Mexican Haciendas: The Querétaro-San Luis Potosí Region, 1775-1810," in Elsa Cecilia Frost, Michael C. Meyer, and Josefina Zoraida Vázquez, Labor and Laborers in Mexican History. Mexico and Tucson: El Colegio de México ...
The Mexican miracle (Spanish: Milagro mexicano) is a term used to refer to the country's inward-looking development strategy that produced sustained economic growth. It is considered to be a golden age in Mexico's economy in which the Mexican economy grew 6.8% each year.
The Mexican Peso Crisis was extremely severe. At the same time, major organizations such as the International Monetary Fund, the World Bank, and other major banks, such as J.P. Morgan, praised the Mexican economic reforms of the time, claiming that the country's reforms were effective in bettering the economy. [13]
A Times investigation found that some farmacias in Mexican tourist towns are selling prescription drugs laced with fentanyl and methamphetamine. The question is, why?
The debt crisis of 1982 was the most serious of Latin America's history. Incomes and imports dropped; economic growth stagnated; unemployment rose to high levels; and inflation reduced the buying power of the middle classes. [8] In fact, in the ten years after 1980, real wages in urban areas actually dropped between 20 and 40 percent. [12]
The book presents a non-mathematical analysis of economics catered to a broad academic and non-academic audience, maintaining a precise historical and political account of economic crisis. [4] The historical analysis of the Great Depression and Mexican tequila crisis given are well detailed, but other cases are arguably less detailed. [ 2 ]