Reflections on recent devaluations processes in Mexico 1982-1994

In order to reflect on the features of recent devaluation processes in Mexico, including that of 1994, the article posits various hypotheses on the relation between devaluations and the structural crisis, external debt, neo-liberal adjustment programs, the current account deficit and alternative pos...

Descripción completa

Detalles Bibliográficos
Autor: Ortíz Wadgymar, Arturo
Tipo de recurso: artículo
Estado:Versión publicada
Fecha de publicación:2012
País:México
Institución:UNIVERSIDAD NACIONAL AUTÓNOMA DE MÉXICO
Repositorio:Problemas del Desarrollo. Revista Latinoamericana de Economía
Idioma:español
OAI Identifier:oai:ojs.pkp.sfu.ca:article/29338
Acceso en línea:https://www.probdes.iiec.unam.mx/index.php/pde/article/view/29338
Access Level:acceso abierto
Palabra clave:Devaluaciones
México
balanza de pagos
apertura comercial
deuda externa
crisis estructural
GATT
Descripción
Sumario:In order to reflect on the features of recent devaluation processes in Mexico, including that of 1994, the article posits various hypotheses on the relation between devaluations and the structural crisis, external debt, neo-liberal adjustment programs, the current account deficit and alternative possibilities to meeting the debt: a moratorium or debtors ‘club. The author concludes by pointing out the main problems resulting from this, such as social costs and greater external debt.