Carlos Tello Macías
Encyclopedia
Carlos Tello Macías is a Mexican
socialist
-oriented economist, academic and diplomat. He is a former ambassador to Cuba
, Portugal
and Russia
and a former Secretary of Budget and Planning in the cabinet of President José López Portillo
. According to a document distributed in the Senate by his political rivals (including some members of his own party), he was responsible for the high inflation rate
(which surpassed 100 percent) and the significant increase of the external debt
(which grew from 8.6 to 92.4 billion USD) in the López Portillo administration.
, Switzerland
, where his parents, Manuel Tello Baurraud
and Guadalupe Macías Viadero were serving as Mexican diplomats. He received a bachelor's degree in Business Administration from Georgetown University
(1955–58), a master's degree in Economics from Columbia University
(1958–59) and a doctorate's degree in the same discipline from King's College
, University of Cambridge
(1961–63).
He joined the Institutional Revolutionary Party
(PRI) in 1976. Besides serving as Secretary of Budget and Planning in the federal cabinet (a position he was forced to resign from following a long and bitter dispute with the Secretary of Finance, Julio Rodolfo Moctezuma
), Tello worked in the public sector as Undersecretary of Finance (1975–76) and as director-general of the Bank of Mexico (September 1982 – November 1982), where he substituted Miguel Mancera
, who opposed his foreign exchange controls
strategy.
As an academic, he read several courses at the National Autonomous University of Mexico
(1960–87), at (1964–79), at the United Nations Economic Commission for Latin America and the Caribbean
and worked as a researcher for over nine years at the National Institute of Anthropology and History
(1978–87). He also worked as a guest scholar at the Woodrow Wilson International Center for Scholars
at Washington, D.C.
(1984) and as a visiting researcher at the Center for Mexican-United States Studies at the University of California, San Diego
(1984–85).
Tello Macías is married to Catalina Díaz Casasús, a descendant of former President Porfirio Díaz
. He has three children, among them, historian Carlos Tello Díaz, author of .
Mexican people
Mexican people refers to all persons from Mexico, a multiethnic country in North America, and/or who identify with the Mexican cultural and/or national identity....
socialist
Socialism
Socialism is an economic system characterized by social ownership of the means of production and cooperative management of the economy; or a political philosophy advocating such a system. "Social ownership" may refer to any one of, or a combination of, the following: cooperative enterprises,...
-oriented economist, academic and diplomat. He is a former ambassador to Cuba
Cuba
The Republic of Cuba is an island nation in the Caribbean. The nation of Cuba consists of the main island of Cuba, the Isla de la Juventud, and several archipelagos. Havana is the largest city in Cuba and the country's capital. Santiago de Cuba is the second largest city...
, Portugal
Portugal
Portugal , officially the Portuguese Republic is a country situated in southwestern Europe on the Iberian Peninsula. Portugal is the westernmost country of Europe, and is bordered by the Atlantic Ocean to the West and South and by Spain to the North and East. The Atlantic archipelagos of the...
and Russia
Russia
Russia or , officially known as both Russia and the Russian Federation , is a country in northern Eurasia. It is a federal semi-presidential republic, comprising 83 federal subjects...
and a former Secretary of Budget and Planning in the cabinet of President José López Portillo
José López Portillo
José López Portillo y Pacheco was the President of Mexico from 1976 to 1982.Born in Mexico City, López Portillo studied Law at the National Autonomous University of Mexico before beginning his political career with the Institutional Revolutionary Party in 1959.He held several positions in the...
. According to a document distributed in the Senate by his political rivals (including some members of his own party), he was responsible for the high inflation rate
Inflation rate
In economics, the inflation rate is a measure of inflation, the rate of increase of a price index . It is the percentage rate of change in price level over time. The rate of decrease in the purchasing power of money is approximately equal.The inflation rate is used to calculate the real interest...
(which surpassed 100 percent) and the significant increase of the external debt
External debt
External debt is that part of the total debt in a country that is owed to creditors outside the country. The debtors can be the government, corporations or private households. The debt includes money owed to private commercial banks, other governments, or international financial institutions such...
(which grew from 8.6 to 92.4 billion USD) in the López Portillo administration.
Biography
Tello Macías was born in GenevaGeneva
Geneva In the national languages of Switzerland the city is known as Genf , Ginevra and Genevra is the second-most-populous city in Switzerland and is the most populous city of Romandie, the French-speaking part of Switzerland...
, Switzerland
Switzerland
Switzerland name of one of the Swiss cantons. ; ; ; or ), in its full name the Swiss Confederation , is a federal republic consisting of 26 cantons, with Bern as the seat of the federal authorities. The country is situated in Western Europe,Or Central Europe depending on the definition....
, where his parents, Manuel Tello Baurraud
Manuel Tello Baurraud
Manuel Tello Baurraud was a Mexican diplomat who represented his country at the League of Nations and served twice as Secretary of Foreign Affairs; first in the cabinet of President Miguel Alemán Valdés and years later in the cabinet of Adolfo López Mateos...
and Guadalupe Macías Viadero were serving as Mexican diplomats. He received a bachelor's degree in Business Administration from Georgetown University
Georgetown University
Georgetown University is a private, Jesuit, research university whose main campus is in the Georgetown neighborhood of Washington, D.C. Founded in 1789, it is the oldest Catholic university in the United States...
(1955–58), a master's degree in Economics from Columbia University
Columbia University
Columbia University in the City of New York is a private, Ivy League university in Manhattan, New York City. Columbia is the oldest institution of higher learning in the state of New York, the fifth oldest in the United States, and one of the country's nine Colonial Colleges founded before the...
(1958–59) and a doctorate's degree in the same discipline from King's College
King's College, Cambridge
King's College is a constituent college of the University of Cambridge, England. The college's full name is "The King's College of our Lady and Saint Nicholas in Cambridge", but it is usually referred to simply as "King's" within the University....
, University of Cambridge
University of Cambridge
The University of Cambridge is a public research university located in Cambridge, United Kingdom. It is the second-oldest university in both the United Kingdom and the English-speaking world , and the seventh-oldest globally...
(1961–63).
He joined the Institutional Revolutionary Party
Institutional Revolutionary Party
The Institutional Revolutionary Party is a Mexican political party that held power in the country—under a succession of names—for more than 70 years. The PRI is a member of the Socialist International, as is the rival Party of the Democratic Revolution , making Mexico one of the few...
(PRI) in 1976. Besides serving as Secretary of Budget and Planning in the federal cabinet (a position he was forced to resign from following a long and bitter dispute with the Secretary of Finance, Julio Rodolfo Moctezuma
Julio Rodolfo Moctezuma
Julio Rodolfo Moctezuma Cid was a Mexican lawyer who served as the first Secretary of Finance in the cabinet of President José López Portillo, as director-general of Pemex and as director-general of the now extinct Somex bank .Moctezuma was born in Mexico City into a family composed by Alberto...
), Tello worked in the public sector as Undersecretary of Finance (1975–76) and as director-general of the Bank of Mexico (September 1982 – November 1982), where he substituted Miguel Mancera
Miguel Mancera
Miguel Mancera Aguayo is a Mexican economist. He served as general director of the Bank of Mexico from 1982 until 1998.Mancera Aguayo is the son of Rafael Mancera Ortiz and María Luisa Aguayo Cendejas...
, who opposed his foreign exchange controls
Foreign exchange controls
Foreign exchange controls are various forms of controls imposed by a government on the purchase/sale of foreign currencies by residents or on the purchase/sale of local currency by nonresidents.Common foreign exchange controls include:...
strategy.
As an academic, he read several courses at the National Autonomous University of Mexico
National Autonomous University of Mexico
The Universidad Nacional Autónoma de México is a university in Mexico. UNAM was founded on 22 September 1910 by Justo Sierra as a liberal alternative to the Roman Catholic-sponsored Royal and Pontifical University of Mexico The Universidad Nacional Autónoma de México (UNAM) (National Autonomous...
(1960–87), at (1964–79), at the United Nations Economic Commission for Latin America and the Caribbean
United Nations Economic Commission for Latin America and the Caribbean
The United Nations Economic Commission for Latin America and the Caribbean was established in 1948 to encourage economic cooperation among its member states. In 1984, a resolution was passed to include the countries of the Caribbean in the name...
and worked as a researcher for over nine years at the National Institute of Anthropology and History
National Institute of Anthropology and History
The Instituto Nacional de Antropología e Historia is a Mexican federal government bureau established in 1939 to guarantee the research, preservation, protection, and promotion of the prehistoric, archaeological, anthropological, historical, and paleontological heritage of Mexico...
(1978–87). He also worked as a guest scholar at the Woodrow Wilson International Center for Scholars
Woodrow Wilson International Center for Scholars
The Woodrow Wilson International Center for Scholars , located in Washington, D.C., is a United States Presidential Memorial that was established as part of the Smithsonian Institution by an act of Congress in 1968...
at Washington, D.C.
Washington, D.C.
Washington, D.C., formally the District of Columbia and commonly referred to as Washington, "the District", or simply D.C., is the capital of the United States. On July 16, 1790, the United States Congress approved the creation of a permanent national capital as permitted by the U.S. Constitution....
(1984) and as a visiting researcher at the Center for Mexican-United States Studies at the University of California, San Diego
University of California, San Diego
The University of California, San Diego, commonly known as UCSD or UC San Diego, is a public research university located in the La Jolla neighborhood of San Diego, California, United States...
(1984–85).
Tello Macías is married to Catalina Díaz Casasús, a descendant of former President Porfirio Díaz
Porfirio Díaz
José de la Cruz Porfirio Díaz Mori was a Mexican-American War volunteer and French intervention hero, an accomplished general and the President of Mexico continuously from 1876 to 1911, with the exception of a brief term in 1876 when he left Juan N...
. He has three children, among them, historian Carlos Tello Díaz, author of .