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Waking from the DreamMexico's Middle Classes after 1968$
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Louise E. Walker

Print publication date: 2013

Print ISBN-13: 9780804781510

Published to Stanford Scholarship Online: June 2013

DOI: 10.11126/stanford/9780804781510.001.0001

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Conclusion

Conclusion

The Debris of a Miracle

Chapter:
(p.201) Conclusion
Source:
Waking from the Dream
Publisher:
Stanford University Press
DOI:10.11126/stanford/9780804781510.003.0008

This chapter considers the fate of the middle classes in the aftermath of the Mexican Miracle. It details Mexico's transition to neoliberalism with the implementation of the North American Free Trade Agreement (NAFTA) between Mexico, Canada, and the United States on 1 January 1994. Although NAFTA promised prosperity, the Mexican peso collapsed in late 1994, and the middle classes were once again mired in another economic crisis. The discussions then turn to how the events 1994 reflected historical processes that had been decades in the making.

Keywords:   middle classes, NAFTA, neoliberal capitalism, economic crisis

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