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From Miracle to Stagnation: The Last Two Stages of Mexico’s Economic Development

For Jan Kregel The only Keynesian economist capable of eating Chiles en Nogada at 11 pm without fatal consequences

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Part of the book series: Levy Institute Advanced Research in Economic Policy ((LAREP))

Abstract

During the last three decades, the Mexican economy has behaved poorly. However, for several decades immediately before and after World War II, economic growth in the country was remarkable, such that the term was coined of the ‘Mexican economic miracle’ (Hansen 1971).

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© 2014 Julio López-Gallardo

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López-Gallardo, J. (2014). From Miracle to Stagnation: The Last Two Stages of Mexico’s Economic Development. In: Papadimitriou, D.B. (eds) Contributions to Economic Theory, Policy, Development and Finance. Levy Institute Advanced Research in Economic Policy. Palgrave Macmillan, London. https://doi.org/10.1057/9781137450968_11

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