The Mexican Economy and the 2012 Elections
This paper examines some of the economic issues that could be relevant to Mexico's July 1st presidential election. These include the short-term impact of the 2008-2009 recession and recovery; the longer-term record of Mexico's economy since the Partido Acción Nacional (PAN) party took power nearly 12 years ago; and the longer-term trends of economic growth during the last decades of Partido Revolucionario Institucional (PRI) rule. Although acknowledging that other factors may influence the election's outcome, the authors conclude that Mexico’s economic failure, both recently and over the past three decades, should be a big part of any explanation of Mexican politics.
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Mark Weisbrot, Rebecca Ray