Política de estabilização mexicana: 1982-1989

Vol. 11 No. 4 (1991)

Oct-Dec / 1991
Published October 1, 1991
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How to Cite

Landau, Elena. 1991. “Política De estabilização Mexicana: 1982-1989”. Brazilian Journal of Political Economy 11 (4). https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/1478.

Política de estabilização mexicana: 1982-1989

Elena Landau
Brazilian Journal of Political Economy, Vol. 11 No. 4 (1991), Oct-Dec / 1991, Pages

Abstract


The paper analyses economic policy measures related to the 1982-89 Mexican stabiliza-tion plan. It shows that the first phase was predominantly orthodox. In a second step, a dein-dexation policy was followed, which kept prices and wages virtually constant during approxi-mately two years. The results so far have been significant reduction of inflation rates, the main cost being a loss of foreign exchange reserves and a substantial decrease of real wages. The Mexican stabilization experiment is usually presented as a successful case of adjustment to the external sector crisis and inflation reduction. A decisive test of the program, however, will take place when prices and wages were liberalized.