A Study of the Less-Developed-Countries Debt Crisis in Mexico and Subsequent Economic Policies
Abstract
On 11 August, 1982, the Finance Minister of Mexico, Silvia Herzog, informed the International Monetary Fund that Mexico was unable to meet its principle payments to its major creditors. The economic crisis that ensued affected not just Mexico but the entire free market system. It marked a fundamental shift in development economics and altered the economic systems in all but four Latin American countries. Since the onset of the 1983 Less-Developed-Countries (LDC) debt crisis, Mexico has suffered through numerous economic crises, further restraining its potential for economic growth. This thesis examines the historical background leading to the onset of the 1983 LDC debt crisis and the economic policies that the Mexican government and the international community enacted to recover economically.
Document Details
- Document Type
- Technical Report
- Publication Date
- Sep 01, 2012
- Accession Number
- ADA567219
Entities
People
- Samuel A. Moffett
Organizations
- Naval Postgraduate School