Miguel Alemán Valdés was a Mexican politician who served a full term as the President of Mexico from 1946 to 1952, the first civilian president after a string of revolutionary generals.
Miguel Alemán Valdés, c. 1946-52
Miguel Alemán Valdés, president of Mexico (left) and Harry S. Truman, president of the United States (right) in Washington, D.C.
Miguel Alemán Valdés. President of Mexico.
Alemán Valdés (front row, center) and his cabinet.
The Mexican miracle is a term used to refer to the country's inward-looking development strategy that produced sustained economic growth. It is considered to be a golden age in Mexico's economy in which the Mexican economy grew 6.8% each year. It was a stabilizing economic plan which caused an average growth of 6.8% and industrial production to increase by 8% with inflation staying at only 2.5%. Beginning roughly in the 1940s, the Mexican government would begin to roll out the economic plan that they would call "the Mexican miracle," which would spark an economic boom beginning in 1954 spanning some 15 years and would last until 1970. In Mexico, the Spanish economic term used is "Desarrollo estabilizador" or "Stabilizing Development."
Logo of Nacional Financiera (NAFIN), the state development bank.