Chapter

Return of the American Financiers

JOHN MASON HART

in Empire and Revolution

Published by University of California Press

Published in print November 2002 | ISBN: 9780520223240
Published online March 2012 | e-ISBN: 9780520939295 | DOI: http://dx.doi.org/10.1525/california/9780520223240.003.0015
Return of the American Financiers

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This chapter focuses on the return of American financiers to Mexico. During the 1980s and the 1990s Mexico suffered economic stagnation and was forced to adopt the strategy of selling private industries and encourage free trade with the U.S. The privatization of most of Mexico's state-owned enterprises and the ratification of the North American Free Trade Agreement (NAFTA) brought the largest U.S. firms back to the Mexican marketplace. After this the financial relationship between Mexico and the United States continued to deepen and broaden. Another issue that propelled Mexico to the forefront of American attention once again was the campaign against drug trafficking.

Keywords: American financiers; Mexico; economic stagnation; privatization; state-owned enterprises; NAFTA; drug trafficking

Chapter.  11842 words.  Illustrated.

Subjects: History of the Americas

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