Mexico

The Remaking of an Economy, Second Edition

In this book Nora Lustig updates the first edition of Mexico: The Remaking of an Economy and analyzes the possible explanations for Mexico's relative slow growth in the early 1990s and the causes of the peso crisis at the end of 1994. In addition to describing the financial rescue package, she examines why the recession in 1995 was so sharp despite sizable international assistance, the factors behind Mexico's relatively swift recovery, the evolution of poverty and inequality in Mexico, and the relationship between economic openness and inequality. Finally, Lustig highlights Mexico's economic prospects in the coming years.