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In 1954, the government was following an industrialization process, spending high quantities, that process later on forced the government to devalue the Mexican peso. All of this during Adolfo Lopez Mateos presidential period in contrast to the US dollar. During 16 years, the monetary system stabilized and permitted the yearned Stabilized Developed era.

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Emphasizes the importance of various authors and economists who have written about Mexico's economic development during a specific period. Names like Antonio Carrillo Flores, Antonio Ortiz Mena, and Rafael Izquierdo are mentioned, who contributed works like "El desarrollo estabilizador"

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The 16 most developed capitalist countries, experienced a period of prosperity. Their real per capita GDP grew by 4% anually, and consumer price inflation averaged just 3.3% per year. Remarkably, Japan saw 9% annual per capita GDP growth rate, while Germany, Italy, and France had growth rates close to 5%. Price stability was maintained during this period. (Sergio and Hector)

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This Era provided diverse opportunities to developing nations. Mexico, among them, strategically positioned itself to benefit from the rapid expansion of the golden economy, embracing opportunities in trade, investment, tourism, and credit. (Sergio and Hector)

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Page 2.5 Mariana García & Luisa Hernández

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Page 2.5 Mariana García & Luisa Hernández

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Between 1935 and 1953, the GDP per capita grew 3% annually. But that economic growth was accompanied in some years by inflationary pressures.
Stabilizing Development: Then, from 1954 to 1970, the average of the annual growth of the GDP per capita (3.4%) was achieved thanks to the stability of the internal prices.

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Stabilizing Development is based on the existence of an economic vice-presidency: the Ministry of Finance and Public Credit.
economic vice-presidency: the Ministry of Finance and Public Credit, which arises due to the difficulties of the economic policy, it is due to this that it was decided that the management of this development and the design of the financial policy would be the responsibility of the Ministry of Finance.

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Stabilizing Development was the division between the government and businessmen, workers and peasants in which everyone did their part.

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In exchange for all this, the businessmen agreed to leave everything related to the definition of economic and social policy and certain key activities for national development in the hands of the government (actually in the hands of the Ministry of Finance and Public Credit).

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The businessmen committed to leaving in the hands of the government everything related to the definition of economic and social policy and certain key activities for national development.

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Un buen número de las empresas públicas que después de 1982 se privatizaron, se incorporan al sector público en estos años –en los del Desarrollo Estabilizador– y no, como suele pensar y afirmar un número importante de “expertos”, entre 1970 y 1982.

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To the organized workers, there was offered monetary wages that would grow; social benefits, including, educational services, health and social security; some subsidies for basic goods and services; control of prices of goods and services; in exchange to hold salary demands within certain limits and to have discipline and workers control.
Agricultural and livestock owners organized in the National Peasant Confederation were offered confidence and guarantees for small property, guarantee prices, storage systems, growing credit land with assured water. In exchange for this, the peasants committed to work and maintain security and social peace in the countryside.

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Government made stability possible. Long term, equality among social classes, taking account interest of all and not one. First, oppression in 1965, people like medics in medical aspects, it was necessary for everyone to collaborate to have effect in aspects such as economy and social. In 1954 and 1970, both consolidate between State and mix economy.

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The government gave clear rules for building consensus, in order to negotiate and get to agreements for a better division of work. The economic agents and social agents had their specific roles to fullfill.

This favored group work, the fiscal police, the monetary, the prices the salaries and subsidies all moved on the same economic direction.

Things weren’t negotiated with the federal executive margin, since their power also went through other two parts of the government.

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Pag. 5 / Punto:16 / Rodrigo Hernández Luna

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Pag. 5 / Punto:16 / Rodrigo Hernández Luna

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Cooperation was sought through the articulation of clear objectives and policies to address diverse, even conflicting, interests.  This involved mobilizing the different classes and groups of society in a common direction, all contributing to achieve a shared goal: combining economic growth with price stability in an environment of social peace.

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In 1970, the Stabilizing Development policy was strongly criticized. During the period of this, it was pointed out as "budgetary imbalance, growing indebtedness to foreign
indebtedness with the exterior, permanent and increasing imbalance of the trade balance, along
balance of trade, along with other negative factors".

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At the end of the sixties, despite the apparent economic stability, there were serious problems such as the concentration of wealth, lack of attention to social services, control of production by a few, influence of foreign capital, agricultural scarcity, industrial inefficiency, underemployment, weakness of the public sector and lack of democracy. In short, the "Stabilizing Development" turned out to be destabilizing.

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The 60s were years of workers' insurgency,
of the organization of university unions, of the peasant mobilization, the seizure of land and the increase of democracy in the population.

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The events that happened in 1968 finished in October 2nd 1968 in Plaza de las Tres Culturas. Mexican student movement was political, social and cultural. Its impact can be viewed in political institutions.

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In 1976, President José López Portillo promoted the Law on Political Organizations and Electoral Processes and with it the  democratic transition begins in Mexico.