Officially, after 4 years of starting this government, we have a new economic model that aims to transform the country, at least that’s what they say.
In fact, it is the fifth major economic model applied in Mexico, if this model reaches the relevance of the others over the years.
There are advances, without a doubt, but also great pending; the largest of these is population growth versus the reduction of poverty and inequality.
If the other models had been successful, there would be a clear inverse relationship between these two indicators; that is, more population due to the normal or inertial population increase, with a decline in poverty and inequality. But we know that it was not.
Today, in the four years of validity of this model, which we now officially know as “Mexican Humanism”, the trend is similar to that of the other models. In these 4 years poverty and inequality increasedregardless of the cause, which will surely be the pandemic, the quintessential justification.
The other models delivered results, and also failures. Almost 100 years have passed since he took power in 1924 Plutarco Elias Calles and the political stability that, in theory, is the indispensable ingredient for economic development began.
This means that every 20 years Mexico launches an “economic model” and thatUntil now, already considering the current economic model called Mexican Humanism, none has been able to get the country out of underdevelopment, here is a brief summary.
Mixed economy model (1925-1958)
Since the times of the governments emanating from the Mexican Revolution, with President Plutarco Elías Calles, a model began that in the end was formed as a mixed economy, with the participation of both the public and private sectors; In this era, institutions were created such as the Bank of Mexico, Nacional Financiera, Banco Nacional de Comercio Exterior, Comisión Federal de Electricidad, Petróleos Mexicanos, Instituto Mexicano del Seguro Social, Infonavit, etc..
Also during this period, large business groups such as Concamin, Canacintra, Concanaco, Coparmex and CCE were founded.
Stabilizing development (1958-1970)
Starting the government of President Adolfo López Mateos, began a period of economic policy called Stabilizer DevelopmentIt was a time of development of the industry and the countryside, with the participation of foreign capital and encouragement of foreign investment in Mexico; relative control of inflation. The author of this model was the Secretary of the TreasuryAntonio Ortiz Mena, who served during the 6 years of President Adolfo López Mateos and the 6 years of President Gustavo Díaz Ordaz. In total, 12 years in the position in charge of developing economic and monetary policies, which gave stability to the country.
“Outward growth” model (1970-1988)
With the government of President Luis Echeverría Álvarez, the “Outward Growth Model” was configured, since the “Inward Growth” model had been exhausted.
In this period, the economic policy was opened to the outside, with Europe, the Arab countries, Africa, China and Japan.; and strengthened economic relations with the United States and Canada.
Agreements and treaties for collaboration and investment and equitable trade were signed, achieving the signing in the UN, by 170 countries of the Charter of Economic Rights and Duties of States.
Neoliberalism (1988-2018)
In 1988, some say that a little earlier, neoliberalism began, it was the period of economic pacts to reduce inflation and the signing of trade agreements and economic opening, as well as the privatization of various state companies.
ANALYSIS: This is how Mexico has fared every time it changes its “economic model”
Mexican humanism (2018- ?)
This, which is supposed to be not only an economic model, but a more comprehensive one, it is said, tries to put the most vulnerable at the center of public policies. They deny populism and define the model as one of social and humanist integration, integral and oriented to the poorest.
Its results and definitive validity remain to be seen.
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