The Debris of a Miracle
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.
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