Mexico offers an interesting study of economic reform because of its successes and its ambitious scale. As that country's current Minister of Finance and Public Credit and a distinguished economist, Pedro Aspe offers an informed inside look at attempts to modernize Mexico's economy through the 1970s and 1980s. Aspe examines how Mexico has tried to stabilize its economy with measures such as economic deregulation, fiscal reform, privatization of state-owned enterprises and realistic budget management. He argues that these changes have had not only profound economic effects, but social and political ones as well.