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In ______, poorly managed Mexican fiscal policy led to the virtual bankruptcy of the Mexican state. |
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Finance Minister Eduardo Suarez, a believer of _______________________, used countercyclical fiscal policy via ______________ and _________________ policies. |
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Definition
Keynesian economics; expansionary; contractionary |
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Term
President ______________________ created _____________, a state-owned nationalized petroleum company. |
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In ________, extensive negotiations led to the U.S. paying Mexico ______________, most of it to Standard Oil. |
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Because U.S. production was focused on the war effort, Mexico deepened its ___________. |
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When the U.S. faced labor shortages, it turned to Mexico to provide contract workers through the ____________________________. |
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Term
The _________________________________ of businesses provided a powerful private sector industrial base. |
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Term
In 1964, the Bracero Program was replaced with the _______________________________, where imported inputs were processed in Mexico and re-exported. |
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Definition
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Term
The period between 1954 and the late 1960s is called __________________________, when macroeconomic stability produced an economic “miracle” (from the Virgin de Guadalupe duh). |
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Definition
"Stabalizing Development" |
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Term
The ___________________________________ led to a sharp devaluation of the peso but quickly disappeared when large oil reserves were announced in 1978. |
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