Journal of Economic Perspectives
ISSN 0895-3309 (Print) | ISSN 1944-7965 (Online)
Life Is Not Easy: Mexico's Quest for Stability and Growth
Journal of Economic Perspectives
vol. 15,
no. 1, Winter 2001
(pp. 85–106)
(Complimentary)
Abstract
In the wake of the debt crisis in 1982, Mexico adopted far reaching reforms but growth and stability remained elusive for many years. At present, the reforms and NAFTA seem to be finally paying off: inflation for 2000 is close to 10 percent and output per capita grew at an average of 5.4 percent during the last five years. However, altogether output per capita was only 9 percent higher in 1999 than in 1980, a great disappointment for particularly the 20 million Mexicans that live on less than $2 a day.Citation
Lustig, Nora. 2001. "Life Is Not Easy: Mexico's Quest for Stability and Growth." Journal of Economic Perspectives, 15 (1): 85–106. DOI: 10.1257/jep.15.1.85JEL Classification
- O19 International Linkages to Development; Role of International Organizations
- O53 Economywide Country Studies: Asia including Middle East
- O47 Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
- O15 Economic Development: Human Resources; Human Development; Income Distribution; Migration
- I32 Measurement and Analysis of Poverty
- F14 Country and Industry Studies of Trade
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