Behavior of the Mexican economy since 1970

Abstract

Economic instability in Mexico has been recurring since 1970 with the government of Lic. Luis Echeverría Álvarez. This bibliographic review study is in this context, with the objective of analyzing the behavior of the Mexican economy in the last 62 years. For its fulfillment, the hermeneutic, analytical-synthetic and historical-logical methods were used, as well as the content analysis technique. Among the findings, it means that Mexico since 1970 has experienced periodic economic crises, due to sociopolitical events, political instability, little systematicity in the reforms of unbalanced models, corruption, misappropriation of natural resources by the governments in power in collusion with foreign companies, etc. causing dire consequences such as: little growth or fall in the Gross Domestic Product, loss of jobs, reduction in the labor market, distrust of businessmen to invest or reinvest, social inequality, poverty, low income, among other evils. To reduce this phenomenon, public policies are required aimed at economic reforms that boost the supply and demand of labor, reduce interest rates to motivate and encourage investment, reduce government debt and the inflation rate, among other aspects.