Politics of MexicoThe politics of Mexico function within a framework of a federal presidential representative democratic republic whose government is based on a multi-party congressional system , where the President of Mexico is both head of state and head of government. The federal government represents the United Mexican States and is divided into three branches: executive, legislative and judicial, as established by the Political Constitution of the United Mexican States, published in 1917.
MexicoMexico (Spanish: México), officially the United Mexican States, is a country in the southern portion of North America. It is bordered to the north by the United States; to the south and west by the Pacific Ocean; to the southeast by Guatemala, Belize, and the Caribbean Sea; and to the east by the Gulf of Mexico. Mexico covers 1,972,550 km2 (761,610 sq mi), making it the world's 13th-largest country by area; with a population of over 126 million, it is the 10th-most-populous country and has the most Spanish speakers.
Carlos Salinas de GortariCarlos Salinas de Gortari CYC DMN (ˈkaɾlos saˈlinas ðe ɣoɾˈtaɾi; born 3 April 1948) is a Mexican economist and politician who served as 60th president of Mexico from 1988 to 1994. Affiliated with the Institutional Revolutionary Party (PRI), earlier in his career he worked in the Secretariat of Programming and Budget, eventually becoming Secretary. He secured the party's nomination for the 1988 general election and was elected amid widespread accusations of electoral fraud.
Party of the Democratic RevolutionThe Party of the Democratic Revolution (PRD, Partido de la Revolución Democrática, paɾˈtiðo ðe la reβoluˈsjon demoˈkɾatika) is a social democratic political party in Mexico. The PRD originated from the Democratic Current, a political faction formed in 1986 from the Institutional Revolutionary Party (PRI). The PRD was formed after the contested general election in 1988, which the PRD's immediate predecessor, the National Democratic Front, believed was rigged by the PRI. This sparked a movement away from the PRI's authoritarian rule.
Mexican peso crisisThe Mexican peso crisis was a currency crisis sparked by the Mexican government's sudden devaluation of the peso against the U.S. dollar in December 1994, which became one of the first international financial crises ignited by capital flight. During the 1994 presidential election, the incumbent administration embarked on an expansionary fiscal and monetary policy. The Mexican treasury began issuing short-term debt instruments denominated in domestic currency with a guaranteed repayment in U.S.
Economic history of MexicoSince the colonial era, Mexico's economic history has been characterized by resource extraction, agriculture, and a relatively underdeveloped industrial sector. Economic elites in the colonial period were predominantly Spanish-born, active as transatlantic merchants and mine owners, and diversifying their investments with the landed estates. The largest population sector was indigenous subsistence farmers, which predominantly inhabited the center and south.
NeoliberalismNeoliberalism, also neo-liberalism, is a term used to signify the late-20th century political reappearance of 19th-century ideas associated with free-market capitalism after it fell into decline following the Second World War. A prominent factor in the rise of conservative and right-libertarian organizations, political parties, and think tanks, and predominantly advocated by them, it is generally associated with policies of economic liberalization, including privatization, deregulation, globalization, free trade, monetarism, austerity, and reductions in government spending in order to increase the role of the private sector in the economy and society.
