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In this paper, we try to understand the nature of the changes to Mexican macroeconomic policy in the early 1980s using a critical juncture framework. The framework argues that three elements - crisis, ideational change, and radical policy change - must be identified in order for us to be able to declare, with some certainty, whether an event constitutes a critical juncture. Utilizing this framework, we will ascertain if the changes to Mexican macroeconomic policy constituted a clean break with the past, or were a continuation of previously established policy pathways.
Hogan, J., Hara, A. Country at a crossroads: an insight into how an economic crisis led to dramatic policy change. Risks, Hazards, & Crisis in Public Policy, Vol. 2, Issue 3, Pgs 1-23, October 2011. DOI: 10.2202/1944-4079.1082