Publisher's Synopsis
The global dimension of Mexico?s 1994 financial crisis brought renewed interest in the institutional framework of international finance. This book illustrates how President Carlos Salinas used 'structural adjustment' policies to consolidate his political leadership within the new parameters of economic globalization and political democratization. It presents a fundamental reappraisal of the financial reform of Mexico in the Salinas era, examining how far-reaching programmes of economic liberalization were implemented despite popular resistance and why the orthodox financial reform failed to prevent the worst crisis in the Mexican financial system in modern times, despite its implementation by a technically proficient technocracy. The result is a fascinating study in Political Economy and of the Mexican political system in particular.
