Income Distribution and Poverty in Mexico

Following the debt crisis of the first years of the 1980s decade, there has been a worldwide trend towards economic liberalisation that has resulted in a shift in development strategy away from import-substitution and government expenditure to export-led growth. In Latin America, the change to a new economic model (NEM) has implied a drastic redefinition of the role of the state, a commitment to macroeconomic stability and the adoption of trade liberalisation as the way to achieve sustained economic growth. In some countries, these measures have also resulted in a redefinition of the strategy to combat poverty.