The Mexican economic crisis (1994)
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In 1994, Mexico suffered a serious economic crisis, a fall in the shares of the Mexican Stock Exchange, and other factors that contributed to what became known as the Tequila Effect. The presentation of this theme was carried out in the course of International Relations in the discipline of International Financial System.
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The Mexican economic crisis (1994)
- 2. YURY FONTÃO Biography Brazilian, Amazon, Bachelor and Specialist in International Relations.
- 3. Presentation The presentation of this theme was carried out in a group in the discipline of International Financial System in the course of International Relations, in which there was a division of themes and we were responsible for representing the subject that dealt with the Mexican Economic Crisis that occurred in 1994.
- 4. This topic was introduced to the International Relations course by: Íris Monteiro Lucivaldo Araujo Thiago Thom & Yury Fontão
- 5. THE MEXICAN ECONOMIC CRISIS (1994) GENERAL DATA OF MEXICO MEXICO (1994): THE BEGINNING OF THE MEXICAN ECONOMIC CRISIS CARLOS SALINAS DE GORTARI E ERNESTO ZEDILLO THE CRISIS AND ITS POSSIBLE JUSTIFICATIONS ECONOMIC ASPECTS AND THE TEQUILA EFFECT GDP ANALYSIS - 1992 SOURCES
- 6. Total Area: 1,958. 201 km² Water (%): 2.5 Population Density: 55 inhab./km² 2013 Census: 118,395,0542 inhab. GENERAL DATA OF MEXICO
- 7. GENERAL DATA OF MEXICO Mexicohasasitsofficialname:EstadosUnidosMexicanos,in Spanish: Mexico is a country located in North America bordered on the north by the United States of America, on the east by the Gulf of Mexico and the Caribbean Sea, throughwhichitapproachesCuba,tothesouthbyGuatemala and Belize, and to the west by the Pacific Ocean. In addition to the mainland and islands adjacent to the coast, Mexico alsoincludestheRevillaGigedoIslands,locatedinthePacific Ocean, more than 400 km south of Cabo San Lucas, in Baja California.
- 8. GENERAL DATA OF MEXICO Capital:MexicoCity OfficialLanguage:Spanish Currency:MexicanPeso TimeZone:UTC-6/8H CountryTelephoneCode:52 Area:Mexicohasanareaof1,972,547km²,ranking14th intheworldintermsoflandarea
- 9. GENERAL DATA OF MEXICO Population: It is the most populous Spanish-speaking country in the world and the 2nd most populous in Latin America,afterBrazil. ItbordersonthenorthwiththeUnitedStatesofAmerica, on the west with the Pacific Ocean, on the east with the Gulf of Mexico and on the south with Guatemala and Belize.Itspopulationisover95millioninhabitants. Religion: Predominantly Roman Catholic country (89%), with 6% adhering to various Protestant faiths and the remaining5%eitherjoiningminorreligionsornoreligion.
- 10. GENERAL DATA OF MEXICO Administration: Administratively, the country is divided into 31 states and a Federal District, where its capital, MexicoCity,islocated. Economy: Sector Composition of Gross Domestic Product (GDP) – agriculture (5%), industry (29%), services(66%). Import Tariff - transport machinery and equipment, manufactures,minerals,food,rawmaterials. Export Tariff - transport machinery and equipment, manufactures,oilandderivatives,food,minerals.
- 11. GENERAL DATA OF MEXICO Main trading partners: USA, Canada, Japan, Spain, Chile, Brazil (Mexico is Brazil's 9th most important tradingpartner). UnemploymentinMexicois2.2%.
- 12. OnDecember20,1994,itbecamepublicbydecisionthroughtheMexicangovernment, the devaluation of the Mexican peso in a possible attempt to stimulate its economy internationally. Mexico (1994): The beginning of the Mexican Economic Crisis
- 13. Mexico had no international reserves and the country's trade balance showed worrying numbers. Therefore, President Carlos Salinas (1988 -1994), together with the Ministry of Finance, tried to carry out an economic maneuver known as a crawling peg, progressively devaluing the currency in an attempt to adjust the exchangeratetothevariablesofinflationandinterest. Inthisway,thepesowaspeggedtothedollarandwould suffersmalldailyfluctuations. The Crisis and its possible justifications
- 14. CARLOSSALINASDEGOTARI Mexicanpolitician,PresidentofMexicofrom 1988to1994,sonoftheSenatorand SecretaryofState-RaulSalinasLozano, whowasthecountry'sMinisterofIndustry andCommerce,andMargaritadeGortari, presidentandfounderoftheWomen's AssociationofEconomistsofMexico. CarlosSalinasdeGortarigraduatedin EconomicsfromtheAutonomousUniversity ofMexicoin1969andcompletedhis trainingatHarvardUniversitywithaPh.D.in PoliticalandGovernmentEconomics. Institutional Revolutionary Party (IRP) CARLOS SALINAS DE GORTARI and ERNESTO ZEDILLO
- 16. ECONOMIC ASPECTS AND THE TEQUILA EFFECT Jointloans(dominoeffectonreserves). “NewClass”(HavardorMITgraduate)Technocrats. Populistgovernment(Chicagopolicy)patronage. IndustrialOligarchies Politicallavishness UnionAristocracy
- 17. ECONOMIC ASPECTS AND THE TEQUILA EFFECT Also known in Spanish as "el horror de diciembre", it was a speculativeattackaggravatedbyMexico'sdefault-thiscrisis beganwiththeunexpecteddevaluationoftheMexicanpesoin December 1994. Its effect reverberated throughout the southern cone economy reaching Brazil especially, in what becameknownbytheworldpressasthe"tequilaeffect".Ithad tobecircumventedthroughanassistancepackageforMexico, which would also calm international investors, restoring confidenceinthecountry'sinvestmentpotential. Filmrecommendation:ElEfecto Tequila.Forabetterunderstanding ofwhatwastheTequilaEffectin Mexico,anepisodethatdevastated theMexicaneconomyin1994.
- 18. GDP ANALYSIS - 1992
- 19. GDP ANALYSIS - 1992