The Mexican Miracle
The first four decades of government of the PRI are dubbed the "Mexican Miracle", a period of economic growth through substitution of imports and low inflation. Much of the growth was spurred by successful national development plans which, following the steps of the Soviet Union, provided for major investment on infrastructure. From 1940 to 1970 GDP increased sixfold and the population only doubled while the peso-dollar parity was maintained.
Read more about this topic: Institutional Revolutionary Party
Famous quotes containing the words mexican and/or miracle:
“The germ of violence is laid bare in the child abuser by the sheer accident of his individual experience ... in a word, to a greater degree than we like to admit, we are all potential child abusers.”
—F. Gonzalez-Crussi, Mexican professor of pathology, author. “Reflections on Child Abuse,” Notes of an Anatomist (1985)
“Fame sometimes hath created something out of nothing. She hath made whole countries more than nature ever did, especially near the poles, and then hath peopled them likewise with inhabitants of her own invention, pigmies, giants, and amazons: yea, fame is sometimes like unto a mushroom, which Pliny recounts to be the greatest miracle in nature, because growing and having no root, as fame no ground of her reports.”
—Thomas Fuller (1608–1661)