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Mexican miracle

Logo of Nacional Financiera (NAFIN), the state development bank.

The Mexican miracle (Spanish: Milagro mexicano) is a term used to refer to the country's inward-looking development strategy that produced sustained economic growth. It is considered to be a golden age in Mexico's economy in which the Mexican economy grew 6.8% each year.[1][2] It was a stabilizing economic plan which caused an average growth of 6.8% and industrial production to increase by 8% with inflation staying at only 2.5%. Beginning roughly in the 1940s, the Mexican government would begin to roll out the economic plan that they would call "the Mexican miracle,"[3] which would spark an economic boom beginning in 1954 spanning some 15 years and would last until 1970. In Mexico, the Spanish economic term used is "Desarrollo estabilizador"[4] or "Stabilizing Development."

  1. ^ Morales, Vidal Llerenas. "El desarrollo estabilizador". El Economista. Retrieved 2019-05-31.
  2. ^ Ortiz Mena L.N., Antonio (2005), "Mexico", The World Trade Organization: Legal, Economic and Political Analysis, Springer US, pp. 2586–2618, doi:10.1007/0-387-22688-5_74, ISBN 9780387226859
  3. ^ Reclaiming Revolution in Light of the "Mexican Miracle": Celestino Gasca and the Federacionistas Leales Insurrection of 1961
  4. ^ Morales, Vidal Llerenas. "El desarrollo estabilizador". El Economista. Retrieved 2019-05-31.

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