Although Mexico's economy was on the right track, neoliberal economic policies that began in the 1980's - and then NAFTA, implemented in 1994 - greatly affected its progress. Arguments that Mexico's pre-'80s growth was unsustainable are challenged by the comparison made here. Had such policies not been adopted, per capita GDP would be close to Spain's and France's.
Although Mexico's economy was on the right track, neoliberal economic policies that began in the 1980's - and then NAFTA, implemented in 1994 - greatly affected its progress. Arguments that Mexico's pre-'80s growth was unsustainable are challenged by the comparison made here. Had such policies not been adopted, per capita GDP would be close to Spain's and France's.