This article seeks to understand why the Mexican economy ended in three of the last presidential periods with an overvalued exchange rate, high deficits of the current account, unsustainable short term debt, and a financial crisis. The article focuses on the Salinas administration, but shows...

This short intervention was made by Celso Furtado during the I International Seminar of the University of Sao Paulo on "New Paradigms of Development", held on June 14, 2000, when he received the honour to merit medal from the president of the university, professor Jacques Marcovitch. (Rev Econ...