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Mexico Bordering on Success?

Mexico Bordering on Success?. Jorge G. Gonzalez Trinity University. Six years ago . Catastrophic Devaluation of the Peso Significant Capital Outflows Skyrocketing Inflation Collapse of the Domestic Economy Unprecedented Political Crisis. Ad Augusta per Angusta.

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Mexico Bordering on Success?

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  1. MexicoBordering on Success? Jorge G. Gonzalez Trinity University

  2. Six years ago ... • Catastrophic Devaluation of the Peso • Significant Capital Outflows • Skyrocketing Inflation • Collapse of the Domestic Economy • Unprecedented Political Crisis

  3. Ad Augusta per Angusta • Monetary and Fiscal Discipline • Banking Crisis: Foreign Investment • Avoid Scandals • Democratic Change

  4. Results • Solid Growth Record

  5. Real GDP% Change Source: Banco de México www.banxico.org.mx

  6. Results • Solid Growth Record • Decline in Inflation Rate

  7. Inflation Rate Source: Banco de México www.banxico.org.mx

  8. Results • Solid Growth Record • Decline in Inflation Rate • Decline in Interest Rates

  9. Interest Rates28-day CETES Source: Banco de México www.banxico.org.mx

  10. Results • Rapid Economic Growth • Decline in Inflation Rate • Decline in Interest Rates • Increase in Employment

  11. Employment(Thousands of IMSS Members) Source: INEGI www.inegi.gob.mx

  12. Results • Rapid Economic Growth • Decline in Inflation Rate • Decline in Interest Rates • Increase in Employment • Strong Peso

  13. Exchange RatePesos per U.S. Dollar Source: Banco de México www.banxico.org.mx

  14. Results • Rapid Economic Growth • Decline in Inflation Rate • Decline in Interest Rates • Increase in Employment • Strong Peso • Strong International Sector

  15. International TradeBillions of Dollars Source: Banco de México www.banxico.org.mx

  16. Zedillo’s Legacy • Rapid Economic Growth • Decline in Inflation Rate • Decline in Interest Rates • Increase in Employment • Strong Peso • Strong International Sector • Democratic Change

  17. Bordering on Success? • Weak U.S. economy • Overvalued Peso

  18. Inflation Differential vs. Exchange Rate 287.0 Inflation 201.5 Exchange Rate Source: Banco de México www.banxico.org.mx

  19. Foreign Direct InvestmentBillions of Dollars Source: Banco de México www.banxico.org.mx

  20. Bordering on Success? • Weak U.S. economy • Overvalued Peso • Fiscal Reform

  21. Bordering on Success? • Weak U.S. economy • Overvalued Peso • Fiscal Reform • Fox and Congress

  22. Bordering on Success? • Weak U.S. economy • Overvalued Peso • Fiscal Reform • Fox and Congress • Crisis Abroad

  23. Bordering on Success? • Weak U.S. economy • Overvalued Peso • Fiscal Reform • Fox and Congress • Crisis Abroad • War on Poverty

  24. MexicoBordering on Success? Jorge G. Gonzalez Trinity University

  25. MexicoBordering on Success? Jorge G. Gonzalez Trinity University www.trinity.edu/jgonzal1

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