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Mexican miracle

The Mexican miracle (Spanish: Milagro mexicano) is a term used to refer to the country's inward-looking development strategy that produced sustained economic growth. It is considered to be a golden age in Mexico's economy in which the Mexican economy grew 6.8% each year.[1][2] It was a stabilizing economic plan which caused an average growth of 6.8% and industrial production to increase by 8% with inflation staying at only 2.5%. Beginning roughly in the 1940s, the Mexican government would begin to roll out the economic plan that they would call "the Mexican miracle,"[3] which would spark an economic boom beginning in 1954 spanning some 15 years and would last until 1970. In Mexico, the Spanish economic term used is "Desarrollo estabilizador"[4] or "Stabilizing Development."

Further information: Economic history of Mexico

Economic history of Mexico

Economy of Mexico

La Década Perdida

Tourism in Mexico

The United States and Mexico, revised edition. New York: Atheneum Press 1963.

Cline, Howard F.

Cline, Howard F. Mexico: Revolution to Evolution, 1940-1960. Oxford: Oxford University Press 1962.

Government of Mexico, Nacional Financiera. The Economic Development of Mexico during a Quarter of a Century. Mexico 1959.

Mosk, Sanford. Industrial Revolution in Mexico. Berkeley and Los Angeles: University of California Press, 1950.

Teichert, Pedro C.M. Economic Policy Revolution and Industrialization in Latin America. University of Mississippi, Bureau of Business Research 1959. (esp. important, Chapter 12, "Mexican Experience of Balanced Growth."

Wionczek, Miguel S. "Industrialization, Foreign Capital, and Technology Transfer: The Mexican Experience, 1930-1985." Development and Change, vol. 17, issue 2, April 1986, pp. 283-302.