Abstract

MARTINEZ, Francisco; QUINTANA, Luis  and  VALENCIA, Rafael. Macroeconomic Analysis of the Effects of Financial and Commercial Liberalization on Economic Growth in Mexico, 1988-2011. Perf. latinoam. [online]. 2015, vol.23, n.45, pp.79-104. ISSN 0188-7653.

This article analyzes the main obstacles to economic growth in Mexico during the past twenty five years, with a focus on the period after the passage of the North American Free Trade Agreement (NAFTA). Although Mexican economic policy since 1982 has been guided by a set of assumptions and prescription known as the Washington Consensus, these economic policies rather than spurring faster economic growth have accentuated the structural problems of the Mexican economy and have reduced Mexico's growth potential. The article also analyzes how fiscal, monetary, exchange rate and free trade policies have hampered economic growth.

Keywords : trade and financial liberalization; changing of specialization pattern; low economic growth.

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