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What are te events that threatened democratic stability in Mexico 1994?
Wiki User
∙ 7y ago
Earthquakes
Jimmy Hoeger
Wiki User
∙ 7y agoWhen 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). This in turn promoted a general dissatisfaction with the ruling party (PRI), which had governed Mexico uncontested for the previous 70 years. On the Presidential Elections of the year 2000, the PRI hegemony was abruptly ended, when PAN candidate Vicente Fox became the indisputable winner of such elections.
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