What did Mexico's economic reform in the 1980's include?

When President Carlos Salinas de Gortari was elected in 1988, he began a process of privatization of most government industries and businesses. This is known as the Rise of Neoliberalism in Mexico, which reached its highest point with the signature and later adoption of the North American Free Trade Agreement or NAFTA with Canada and the United States (1994). This, however didn't shield the economy enough from internal or external shocks: on the same year, the Chiapas Zapatista Uprising led by Subcomandante Marcos (1994), the assassination of Presidential candidate Luis Donaldo Colosio and a continuing decrease on foreign reserves triggered the 1994 economic crisis in Mexico, known as the December Mistake (Spanish: Error de Diciembre).