Miguel de la Madrid
President of Mexico
Why Is Miguel de la Madrid Influential?
(Suggest an Edit or Addition)According to Wikipedia, Miguel de la Madrid Hurtado was a Mexican politician affiliated with the Institutional Revolutionary Party who served as the 59th president of Mexico from 1982 to 1988. Inheriting a severe economic and financial crisis from his predecessor José López Portillo as a result of the international drop in oil prices and a crippling external debt on which Mexico had defaulted months before he took office, De la Madrid introduced sweeping neoliberal policies to overcome the crisis, beginning an era of market-oriented presidents in Mexico, along with austerity measures involving deep cuts in public spending. In spite of these reforms, De la Madrid's administration continued to be plagued by negative economic growth and inflation for the rest of his term, while the social effects of the austerity measures were particularly harsh on the lower and middle classes, with real wages falling to half of what they were in 1978 and with a sharp rise in unemployment and in the informal economy by the end of his term.
Other Resources About Miguel de la Madrid
What Schools Are Affiliated With Miguel de la Madrid?
Miguel de la Madrid is affiliated with the following schools:
