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:
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