Essay - Mexico in the 20th and into the 21st Century—economic History...

Mexico in the 20th and into the 21st Century—Economic History and Prognosis

Post-World War II Mexico

What type of economic system is it? How does it operate?

***** Cardenas, president from 1934 to 1940, began to solidified h***** party's popularity by instituting land distribution programs ***** poor Mexicans and nationalizing the oil industry, a policy th*****t continued in the post-war *****. The Mexican economic system at this time was thus marg*****ally capitalist but with strong socialist overtones. ("*****: ***** in Brief," Country Overview: The Economist, 2003)

How does the ***** system relate to the political structure?

A single political party, the Institutional Revolutionary Party (PRI), dominated Mexico's modern political history. ***** party combined populism and patronage in a potent rhetorical and policy mix and held on to power for more than 70 years. ("Mexico: History in Brief," ***** Overview: The Economist, *****)

How ***** it ***** to the social *****?

***** ***** of PRI was due, in large degree, to its image as a worker's p*****rty, ***** drew its support from the considerable class divisions of the haves and the have-nots that had existed within *****. ("Mexico: History in Brief," Country Overview: The Economist, 2003)

What does the economic system mean to a poor family?

Although far from perfect, at this time the economic lot ***** the poor seemed to be improving, compared ***** the past century of economic ***** oppression.

********** does it mean to a middle class family? And wealthy families?

In contrast, the relatively small middle and upper classes ***** Mexico encountered a great deal of social difficulty during this period, although ***** middle class saw something of an upturn in their economic prospects.

What does the ***** system mean to a corporation?

Nationalized ***** policies made this a hostile period for both national ***** *****ternational manufacturing companies, combined with protectionist trade policies.

What is ***** makeup of the capital base, labor base, and land *****?

***** government and a few wealthy companies *****ly held the capital base. The capital base was similarly concentrated, ***** the labor and land ***** was predominantly agricultural in its composition.

Who controls the capital and ***** markets?

***** government, overall, determined ***** administration of both sec*****rs.

How do ***** and economics interrelate?

***** policy encouraged rapid population and quick-burning economic growth, partly for historical reasons. ***** believed that the 19th Century seizure of Mexican territories stretching from Texas to Cali*****nia by ***** United States would have been impossible had they not been so sparsely populated. (Dillon, 1999)

What is the prognosis for the future?

***** this period, the economy ***** expanding, although social unrest created great anxiety in the nation.

If you were a Peace Corps worker advising ***** government, what would your advice be?

Increase educational initiatives to the rural poor; increase investments in technology and *****frastructure, and target national companies, rather than focusing on importing wealth. Birth control ***** educating women could decrease population *****, as the short-term benef***** of increased population will not outweigh later social costs.

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