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The objective of this paper is to describe the evolution, composition, and determinants of financing to the nonfinancial private sector in Mexico between 2000 and 2005. Supported by the macroeconomic environment and financial system reforms, total financing to the private sector (particularly consumer credit) increased relative to GDP, while accessibility and affordability generally improved. Equity issuance did not play an important role during the period under consideration. Although the supply of financing shifted toward domestic nonbank providers, commercial banks remain the primary source of funding. Significant progress was made in cleaning up bank loan portfolios and in strengthening financial system soundness and infrastructure. The prospects for continued private sector financing growth remain very positive, but financing is not spread out evenly across all market segments. The authors conclude with some policy implications to further facilitate deeper and broader financing of the private sector.
Mexico is reinventing itself. It is moving toward a more tolerant, global, market oriented, and democratic society. This new edition of "Changing Structure of Mexico" is a comprehensive and up-to-date presentation of Mexico's political, social, and economic issues. All chapters have been rewritten by noted Mexican scholars and practitioners to provide a lucid and informative introductory reader on Mexico. The book covers such topics as Mexico's foreign economic policy and NAFTA; maquiladoras; technology policy; and Asian competition; as well as domestic economics such as banking, tax reform, and oil/energy policy; the environment; population and migration policy; the changing structure of political parties; and values and changes affecting women.
In 2000, Mexico's long invincible Institutional Revolutionary Party (PRI) lost the presidential election to Vicente Fox of the National Action Party (PAN). The ensuing changeover--after 71 years of PRI dominance--was hailed as the beginning of a new era of hope for Mexico. Yet the promises of the PAN victory were not consolidated. In this vivid account of Mexico's recent history, a journalist with extensive reporting experience investigates the nation's young democracy, its shortcomings and achievements, and why the PRI is favored to retake the presidency in 2012.Jo Tuckman reports on the murky, terrifying world of Mexico's drug wars, the counterproductive government strategy, and the impact of U.S. policies. She describes the reluctance and inability of politicians to seriously tackle rampant corruption, environmental degradation, pervasive poverty, and acute inequality. To make matters worse, the influence of non-elected interest groups has grown and public trust in almost all institutions--including the Catholic church--is fading. The pressure valve once presented by emigration is also closing. Even so, there are positive signs: the critical media cannot be easily controlled, and small but determined citizen groups notch up significant, if partial, victories for accountability. While Mexico faces complex challenges that can often seem insurmountable, Tuckman concludes, the unflagging vitality and imagination of many in Mexico inspire hope for a better future.
Explores the rich and varied LGBT cinema and television of Mexico since the new millennium. Queer Mexico: Cinema and Television since 2000provides critical analysis of both mainstream and independent audiovisual works, many of them little known, produced in Mexico since the turn of the twenty-first century. In the book, author Paul Julian Smith aims to tease out the symbiotic relationship between culture and queerness in Mexico. Smith begins with the year 2000 because of the political shift that happened within the government—the Institutional Revolutionary Party (PRI) was voted out of national office after over seventy years in power. Judicial and social changes for LGBT Mexicans came in the wake of what was known at the time as simply "the change" ("el cambio") at the start of the millennium, bringing about an increased visibility and acknowledgment of the LGBT community. Divided into five chapters, Queer Mexico demonstrates the diversity of both representation and production processes in the Mexican film and television industry. It attempts also to reconstruct a queer cultural field for Mexico that incorporates multiple genres and techniques. The first chapter looks at LGBT festivals, porn production, and a web-distributed youth drama, claimed by its makers to be the first wholly gay series made in Mexico. The second chapter examines selected features and shorts by Mexico's sole internationally distributed art house director, Julián Hernández. The third chapter explores the rising genre of documentary on transgender themes. The fourth chapter charts the growing trend of a gay, lesbian, or trans-focused mainstream cinema. The final chapter addresses the rich and diverse history of queer representation in Mexico's dominant television genre and, arguably, national narrative: the telenovela. The book also includes an extensive interview with gay auteur Julián Hernández. The first book to come out of the Queer Screens series, Queer Mexicois a groundbreaking monograph for anyone interested in media or LGBT studies, especially as it relates to the culture of Latin America.
The Mexican Heartland provides a new history of capitalism from the perspective of the landed communities surrounding Mexico City. In a sweeping analytical narrative spanning the sixteenth century to today, John Tutino challenges our basic assumptions about the forces that shaped global capitalism setting families and communities at the center of histories that transformed the world. Despite invasion, disease, and depopulation, Mexico's heartland communities held strong on the land, adapting to sustain and shape the dynamic silver capitalism so pivotal to Spain's empire and world trade for centuries after 1550. They joined in insurgencies that brought the collapse of silver and other key global trades after 1810 as Mexico became a nation, then struggled to keep land and self-rule in the face of liberal national projects. They drove Zapata's 1910 revolution a rising that rattled Mexico and the world of industrial capitalism. Although the revolt faced defeat, adamant communities forced a land reform that put them at the center of Mexico's experiment in national capitalism after 1920. Then, from the 1950s, population growth and technical innovations drove people from rural communities to a metropolis spreading across the land. The heartland urbanized, leaving people searching for new lives--dependent, often desperate, yet still pressing their needs in a globalizing world. --
Parts one and two offer an excellent recap of the "state of play" in 2012; part three analyzes why Mexicans voted as they did; and part four considers the election's implications for Mexico's political system more broadly.--Francisco E. González, Paul H. Nitze School of Advanced International Studies, Johns Hopkins University, author of Creative Destruction? Economic Crises and Democracy in Latin America "Party Politics"