Internal Market


in Mexico

Published by University of California Press

Published in print August 2010 | ISBN: 9780520262355
Published online March 2012 | e-ISBN: 9780520947528 | DOI:
Internal Market

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An international crisis may provide a chance, especially for peripheral countries, to reshape policies. Such a chance befell Mexico in the 1930s, when, thanks to the Great Depression—a malady of the capitalist West and a sledgehammer blow to the economy of the United States—Mexico had the opportunity to rethink old habits and, more important, to change course. President Lázaro Cárdenas rethought the model of external development and replaced it with an internally driven one. Under the Cardenistas, the government adopted a “mixed economy” approach, using state intervention to promote economic growth and retool the productive structure so that it would respond to internal demand. For Cárdenas, agrarian reform was an integral part of a model of economic development, but hardly revolutionary. Cárdenas also made social justice a priority, not the least for the Indians. However, the Cardenista reforms sparked angry opposition from conservatives.

Keywords: Mexico; United States; Great Depression; Lázaro Cárdenas; mixed economy; economic growth; agrarian reform; social justice

Chapter.  7728 words. 

Subjects: History of the Americas

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