Emmanuel Prieto, Alfredo, Gerardo, Federico, Diego, Atzin Zayas

MODEL MAIN CHARACTERISTICS MAIN PERIOD

ADVOCATES
EXPORTATION It was based on the production of raw material in mass production for the distribution Porfirio Díaz 1860-1928
and commercialization, specially cattle and agriculture. Plutarco Elías Calles
Álvaro Obregón

IMPORT Because of the Second World War, the demand for Mexican goods grew and this 1940- 1954
SUBSTITUTION raised employment rates. This event is known as the Mexican Miracle.
The government wanted to achieve exponential economic growth through
industrialization, which led to an increase in the quality of life of Mexicans and the Lázaro Cárdenas
growth of the population. Ávila Camacho
President Miguel Aleman further boosted this economic model by imposing a strong Miguel Alemán
control on the imports of consumer goods and flexibility on capital goods.
This model was strengthened by Mexican business men. They accepted the need for
an economic and social reform by promoting the expansion of national and foreign
markets.
SUSTAINED The economy relied on industry and the importation of intermediate and capital Adolfo Ruiz 1954-1970
GROWTH goods. They looked for a greater stability of the prices and wages and to follow with Cortines
the same growth of the previous model. Adolfo López
During this period, the Mexican Miracle reached its peak. Mateos
Gustavo Díaz Ordaz
SHARED This model was projected to modernize industry, increase productivity and achieve Luis Echeverria 1970-1976
GROWTH international competitiveness through the incorporation of modern technology.
Echeverria´s intentions were to reorder the constitutional mixed regime through
public investment, as the key to directing the country towards growth.
ACCELERATED Mexico found oil deposits in Tabasco and Chiapas. With this discovery, economy López Portillo 1976- 1982
GROWTH started to stabilize, and it improved. Millions of barrels were produced in a day. The
demand of products made of petroleum started to grow, but Mexican analysts
confidently predicted crude oil at $100 a barrel. This miscalculation was
catastrophic.
NEOLIBERAL This model pretends to reduce public expenditure, to combat inflation, generate Miguel de la Madrid 1982-
financial stability and strengthen internal savings. National business men are in Salinas De Gortari present
charge of reactivating and carrying out the country´s new economic impulse. This Ernesto Zedillo
reorientation consolidated the government´s position for a radical commercial
opening and the establishment of an economic integration treaty with the United
States and Canada.
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