Erschienen in:IMF Working Paper, Vol. , pp. 1-92, 1989
Umfang:
1 Online-Ressource (92 p)
Sprache:
Englisch
DOI:
10.2139/ssrn.884626
Identifikator:
Entstehung:
Anmerkungen:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments February 21, 1989 erstellt
Beschreibung:
Despite Mexico`s recent remarkable progress in adjusting its fiscal and external accounts and in restructuring its economy, the recovery of growth has remained elusive. This paper reviews some aspects of Mexico`s recent performance and suggests that systemic adjustment uncertainty, and policy conflicts between stabilization and real depreciation objectives, are among the factors that have contributed most to delaying the private sector`s investment response and preventing a sustainable recovery. The paper also assesses future growth prospects and resource mobilization needs, based on a growth model that fully incorporates the internal transfer problem and emphasizes solvency requirements