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In the mid-1970s unemployment, inflation and monetary disturbances were dominant forces in the Mexican economy. Beginning in late 1977, however the situation drastically changed. The discovery of enormous oil fields, combined with a structural and social factors, vastly improved the nation's prospects and in terms of business cycles, its economy moved from trough to peak. In assessing these changes, Dr Carrada constructs a macro-econometric model- based on the monetary approach to the balance of payments- to deal in the short-run with structural features of Mexico's economy. He then applied his model to a variety of scenarios in order to explore the short-term dynamic impact of oil revenues on real incomes, prices, inflation, money, supply and balance of payments. Incorporating theoretical and empirical evidence of hoe expectations affect levels of economic activity and inflation, Dr Carrada's model is applicable also to the conditions of other oil-rich developing countries
John R. Moroney and Flory Dieck-Assad cogently assess Mexico's goals of sustainability and the major policy changes that will be required to achieve them.
Essay on economic and social development strategy, economic relations and economic policy of Mexico, in context its status as a petroleum exporting country - covers economic conditions, the petroleum industry, energy policy, political aspects, and trade relations with the USA; stresses the need for rural development in particular. Bibliography, flow chart and organigrams.
Economic policy issues and economic planning options in Mexico - discusses theoretical aspects, economic structure trends and mechanisms of petroleum-induced economic development; assesses industrial policies, agricultural policies, investment policies, monetary policies, etc.; presents a macroeconomic model for steady economic growth with minimal inflation; includes economic indicator projections to 1995, and outlines the implications for foreign policy. Bibliography pp. 249 to 268, references and statistical tables.
This work follows upon the author's previous volume, The Political Economy of Venezuelan Oil, and investigates the general workings of the Mexican oil industry in relationship to the economics and politics of Mexico. Specifically the author examines Mexico's state-run oil concern, PEMEX, and the costs and benefits of Mexican oil policy--for the nation as a whole and for special groups. Using in-depth interviews and extensive data from PEMEX and other sources, Randall explores issues such as PEMEX's relationships with workers and the oil union, with suppliers of capital goods and services, with the regions in which oil is produced, and with specific groups of oil consumers. Given the critical and negative publicity PEMEX has received over its lifetime, Randall also seeks to answer questions regarding the extent of corruption, overstaffing, and lax management within PEMEX, which she finds to be less than is often alleged. Students of energy and development economics will find Randall's study an important contribution to the literature of Latin American economic policy. In addition to examining the internal workings of PEMEX, Randall describes and analyzes measures taken to correct earlier abuses and to increase efficiency. She reveals the intricate relationships among Mexican oil production, OPEC, the United States, and other nations, and explores the contradictory aspects of Mexican economic and oil policies that inhibit the ability of the oil industry to reach official goals. Throughout, Randall traces the transformation of PEMEX from a nationalized industry that mainly produced crude oil for export to one that has expanded to include refined products and petrochemicals. As a result of this expansion, Randall demonstrates, PEMEX has had a major impact both on the market for labor and capital goods and on the regions in which it operates. Her conclusions regarding the current and future prospects for PEMEX have important implications for the study of economic and energy development throughout the Third World.
The Mexican economy, like many other economies in the Third World, has grown as the result of a flourishing oil industry. One major problem which faces economic development planners in such economies is how to ensure that development in the oil sector leads on to more general development in the rest of the economy. Often, oil led development may induce agricultural stagnation, increasing food imports, inflation and income concentration. Planning the Mexican Economy (originally published in 1984), based on original research, looks at how this problem has been and might be faced in the Mexican economy. It uses econometric modelling to chart the relationship between different sectors of the economy and to show how change in one factor—such as income redistribution—affects other factors. It puts forward and compares different comprehensive development strategies and makes recommendations about the most effective approaches and policies.
Beginning from the premise that Mexico's economic strength will depend largely on its ability to produce, manage, and export energy, energy experts in this book analyze energy planning in Mexico in the 1970s and possible strategies for the future. They focus on the potential for diversifying the country's energy economy--now based almost exclusively on oil--by examining alternative sources, particularly natural gas, coal, and geothermal and solar resources. The extent to which Mexico's energy base is diversified, they assert, will determine the country's ability both to meet internal energy needs and to prolong its export of oil and gas. find, diversification will not only increase Mexico's economic strength, but will also expand the global supply of energy resources and have profound impact on the United States, Mexico's major trading partner.