Miguel de la Madrid

Miguel de la Madrid
Official portrait, 1982
59th President of Mexico
In office
1 December 1982 – 30 November 1988
Preceded byJosé López Portillo
Succeeded byCarlos Salinas de Gortari
Director of the Fund of Economic Culture
In office
15 January 1990 – 13 December 2000
Preceded byEnrique González Pedrero
Succeeded byGonzalo Celorio Blasco
Secretary of Programming and the Budget of Mexico
In office
16 May 1979 – 30 September 1981
PresidentJosé López Portillo
Preceded byRicardo García Sainz
Succeeded byRamón Aguirre Velázquez
Deputy Secretary of Finance and Public Credit of Mexico
In office
29 September 1975 – 16 May 1979
PresidentLuis Echeverría (1975–76)
José López Portillo (1976–79)
SecretaryMario Ramón Beteta (1975–76)
Julio Rodolfo Moctezuma (1976–77)
David Ibarra Muñoz (1976–79)
Preceded byMario Ramón Beteta
Succeeded byJesús Silva-Herzog Flores
Personal details
Born
Miguel de la Madrid Hurtado

(1935-01-12)12 January 1935
Colima, Mexico
Died1 April 2012(2012-04-01) (aged 77)
Mexico City, Mexico
Resting placeIglesia de Santo Tomás
Political partyInstitutional Revolutionary Party
Spouse
(m. 1959)
[1]
Children5 including Enrique
Alma materNational Autonomous University of Mexico (LLB)
Harvard University (MPA)

Miguel de la Madrid Hurtado (Spanish pronunciation: [miˈɣel de la maˈðɾið uɾˈtaðo]; 12 January 1935 – 1 April 2012) was a Mexican politician affiliated with the Institutional Revolutionary Party (PRI) who served as the 59th president of Mexico from 1982 to 1988.[2]

Inheriting a severe economic and financial crisis from his predecessor José López Portillo as a result of the international drop in oil prices and a crippling external debt on which Mexico had defaulted months before he took office, De la Madrid introduced sweeping neoliberal policies to overcome the crisis, beginning an era of market-oriented presidents in Mexico, along with austerity measures involving deep cuts in public spending. In spite of these reforms, De la Madrid's administration continued to be plagued by negative economic growth and inflation for the rest of his term, while the social effects of the austerity measures were particularly harsh on the lower and middle classes, with real wages falling to half of what they were in 1978 and with a sharp rise in unemployment and in the informal economy by the end of his term.[3]

De la Madrid's administration was also famous for his "Moral Renovation" campaign, whose purported goal was to fight the government corruption that had become widespread under previous administrations, leading to the arrests of top officials of the López Portillo administration.

In addition, his administration was criticized for its slow response to the 1985 Mexico City earthquake, and the handling of the controversial 1988 elections in which the PRI candidate Carlos Salinas de Gortari was declared winner, amid accusations of electoral fraud.

  1. ^ Ortiz de Zárate, Roberto (10 May 2007). "Miguel de la Madrid Hurtado" (in Spanish). Fundació CIDOB. Archived from the original on 20 May 2015. Retrieved 1 July 2008.
  2. ^ Encyclopædia Britannica (2008). "Miguel de la Madrid". Encyclopædia Britannica Online. Retrieved 1 July 2008.
  3. ^ Zamora, Gerardo (July–September 1990). "La política laboral del Estado Mexicano: 1982-1988". Revista Mexicana de Sociología. 52 (3): 111–138. doi:10.2307/3540710. JSTOR 3540710.