Read Global Capital and National Politics: Reforming Mexico's Financial System

Global Capital and National Politics: Reforming Mexico's Financial System

Timothy Kessler

4.9/5 (11042 ratings)

Description:Kessler shows how political considerations distorted the liberalization process in Mexico, leading to inconsistent and unsustainable patterns of financial policy. Although market reform is promoted in developing countries to improve economic efficiency and stimulate growth, in Mexico financial liberalization provided rent-seeking opportunities for privileged groups and increased the states' ability to finance politically inspired obligations.--The research examines four periods: the populist administrations of Echeverr'a and Lopez Portillo, during which the foundations of modern financial markets were paradoxically laid; the debt-crisis years of de la Madrid, who reversed his party's political strategy by favoring the business class with financial opportunities; the economic transformation undertaken by Carlos Salinas, who mixed genuine reform with destabilizing anti-market measures; and the political watershed of the Zedillo administration, whose unpopular bank rescue gave opposition parties unprecedented power within Mexico's policy making process. Kessler also provides a comparison of financial collapse in two other emerging markets, South Korea and Russia, and examines the political roots of crisis in both countries. He concludes by suggesting how greater attention to questions of power, social organization, and challenges to state authority can help the policy-making community avoid giving well-meaning advice that is unlikely to be implemented in a sustainable way.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Global Capital and National Politics: Reforming Mexico's Financial System. To get started finding Global Capital and National Politics: Reforming Mexico's Financial System, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

Pages: 208

Format: PDF, EPUB & Kindle Edition

Publisher: Praeger

Release: 1999

ISBN: 0313390355

Description: Kessler shows how political considerations distorted the liberalization process in Mexico, leading to inconsistent and unsustainable patterns of financial policy. Although market reform is promoted in developing countries to improve economic efficiency and stimulate growth, in Mexico financial liberalization provided rent-seeking opportunities for privileged groups and increased the states' ability to finance politically inspired obligations.--The research examines four periods: the populist administrations of Echeverr'a and Lopez Portillo, during which the foundations of modern financial markets were paradoxically laid; the debt-crisis years of de la Madrid, who reversed his party's political strategy by favoring the business class with financial opportunities; the economic transformation undertaken by Carlos Salinas, who mixed genuine reform with destabilizing anti-market measures; and the political watershed of the Zedillo administration, whose unpopular bank rescue gave opposition parties unprecedented power within Mexico's policy making process. Kessler also provides a comparison of financial collapse in two other emerging markets, South Korea and Russia, and examines the political roots of crisis in both countries. He concludes by suggesting how greater attention to questions of power, social organization, and challenges to state authority can help the policy-making community avoid giving well-meaning advice that is unlikely to be implemented in a sustainable way.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Global Capital and National Politics: Reforming Mexico's Financial System. To get started finding Global Capital and National Politics: Reforming Mexico's Financial System, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

Special Offer | $0.00

Special Offer! | $0.00

Global Capital and National Politics: Reforming Mexico's Financial System

Global Capital and National Politics: Reforming Mexico's Financial System

More Books

When God Made the Dakotas by Timothy Kessler (2006-01-01)

When God Made the Dakotas by Timothy Kessler (2006-01-01)

When God Made the Dakotas

When God Made the Dakotas

A Long Road to Nowhere (The Blue Light Trilogy Book 1)

A Long Road to Nowhere (The Blue Light Trilogy Book 1)

Death Of The Blue Light Rapist

Death Of The Blue Light Rapist

Timothy of the 10th Floor

Timothy of the 10th Floor

Death Of The Blue Light Rapist (The Blue Light Trilogy)

Death Of The Blue Light Rapist (The Blue Light Trilogy)

When God Made The Da

When God Made The Da

A Long Road to Nowhere (The Blue Light Trilogy)

A Long Road to Nowhere (The Blue Light Trilogy)