The debate around whether or not Globalisation has been beneficial for a nation or not revolves around examples of success versus failure stories. One such case of success is Mexico, which was able to get out of the Exchange crisis of 1990s (Peso crisis) mainly due to the quick funds it received from international bodies. However most of these arguments generally ignore the importance of sound domestically fiscal policies that are required for such an intervention to succeed. Therefore the following paper seeks to answer the question: whether it was just the availability of international capital that helped Mexico out of the Peso crisis or if the implementation of the dynamic government policies had anything to do with it.
Impact Factor
2022: 6.012
This work is licensed under a