Paper Abstract
A 60 page comprehensive paper about the economic crises in Mexico. Historically, Mexico has experienced an economy that is either boom or bust. In the last three decades, for instance, there have been periods of significant growth only to be interrupted by five different economic collapses. The last collapse of the macroeconomy was 1994-1995. This crisis resulted in a $50 billion assistance program put together by the International Monetary Fund, and including a $20 billion loan from the United States. This paper traces the history of the Mexican macroeconomy since 1976. It provides a significant amount of data regarding balance of payments and gross domestic product. The writer explains the events leading up to the crash, the subsequent bailout program and the policy reforms adopted by the government. The peso is now so strong that one company is having goods manufactured in Texas, which are then exported from Mexico. Many statistics and 3 tables are included. Bibliography lists 14 sources.
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