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7 - The Monopoly Party, 1940–2000

Published online by Cambridge University Press:  17 January 2019

Brian R. Hamnett
Affiliation:
University of Essex
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Summary

After the excitement of nationalization, supported by all contending groups, the accent continued to be on stabilization. The Party provided the unifying force across the country’s institutions in a federal system, despite opposition to it on the Right. The economy continued to grow in the 1940s and well into the 1960s, when it began to slow down. This occurred contemporaneously with the moral crisis of the Revolutionary Institutional Party, the monopoly party’s name after 1946, resulting from the repression of the student movement of 1968. Retaining power until the electoral defeat of 2000, the PRI managed to hold on despite the debt crisis of 1982 and accusation of electoral fraud in 1988. Greater emphasis on the private sector from the Alemán presidency (1942-52) onward was only sporadically interrupted by lurches to the Left between 1970 and 1982. Repairing finances and a depressed economy after 1982 culminated in the privatization measures under Salinas (1988-94). Slow responses to pressures for democratization finally led to the electoral defeat of the PRI in 2000.
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Publisher: Cambridge University Press
Print publication year: 2019

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