Nafta Coalitions and the Political Viability of Neoliberalism in Mexico

Dados Bibliográficos

ID7852201
AutoresStrom C Thacker (Boston University, autor correspondente)
Ano1999
Volume41
Fascículo2
Páginas57-89
Data de publicação1999-01-01
Peer ReviewedSim
Open AccessSim
TipoARTICLE
PeriódicoJournal of Interamerican Studies and World Affairs (JOURNAL)
Identificadores do periódicoISSN: 0022-1937 • E-ISSN: 2162-2736
EditoraCambridge University Press (CUP) (PUBLISHER)
DOI10.2307/166407
OpenAlexW4241401981
IdiomaEN
Citações recebidas21
Referências citadas32

The process of political coalition building surrounding trade reform in Mexico had implications for the 1994-95 peso crisis. This article traces the formation of a free trade coalition between state and business elites across several episodes of trade opening, focusing on the NAFTA negotiations. The consolidation of this powerful but narrow coalition helped to cement the Salinas government’s neoliberal reform agenda, boost investor confidence, and restore moderate levels of low-inflation growth in the early 1990s, but it also gave rise to the macroeconomic imbalances and political instability that led to the 1994 crisis. Since then, the economic basis of the neoliberal coalition may have recovered, but its political viability may be questionable

Consolidation (business) · Economics · Negotiation · Neoliberalism (international relations) · Political economy · Political science · Politics · Economic Theory and Policy · Fiscal Policies and Political Economy · Global Financial Crisis and Policies · Law