The discovery of enormous oil reserves in the early 1970s revolutionized Mexico's economy and political behavior, bringing soaring revenues and industrial development. The oil glut of 1981 and wild fluctuations in world prices, pushed the country to the brink of bankruptcy. George W. Grayson describes how the roller-coaster economic ride, shrill nationalism, political assertiveness, and arrogant posturing of the 1970s have given way to greater professionalism, fiscal responsibility, and a cooperative attitude towards the United States in recent times.
Grayson imparts personality to his text through a lively and engaging style [as] he sets out to show how the view that Mexican policy-makers took of their role in the international system changed as a function of oil-derived economic strength.
Grayson's careful documentary research casts new light on a subject that has received much scholarly attention in recent years. . . . [He] provides an informed, clearly written account of key shifts in Mexican foreign policy over the last decade.
Grayson's superb description and synthesis of the political dynamics propelling recent Mexican foreign policy is unmatched in the present literature. . . . essential reading for those who wish to understand the past or anticipate the future of bilateral affairs.
George W. Grayson is the Class of 1938 Professor of Government at the College of William & Mary, a senior associate at the Center for Strategic & International Studies, and an associate scholar at the Foreign Policy Research Institute.