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Carlos Tello Macías

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Carlos Tello Macías
Secretary of Budget and Planning
In office
1 December 1976 – 16 November 1977
PresidentJosé López Portillo
Personal details
Born
Carlos Tello Macías

(1938-11-04)4 November 1938
Geneva, Switzerland
Died30 July 2024(2024-07-30) (aged 85)
NationalityMexican
Political partyInstitutional Revolutionary Party
SpouseCatalina Díaz Casasús[1]
Children3
ResidenceMexico City
Alma materGeorgetown University
Columbia University
King's College, Cambridge
ProfessionEconomist

Carlos Alejandro Tello Macías (4 November 1938 – 30 July 2024) was a Mexican socialist-oriented economist, academic, and diplomat.[2] He was an ambassador to Cuba and the Soviet Union, the director-general of the central bank (1982), and the Secretary of Budget and Planning [es] (1976–77) in the cabinet of President José López Portillo.[1] 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 USD 8.6 billion to 92.4 billion) during López Portillo's administration.[3]

Biography

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Tello Macías was born in Geneva, Switzerland, where his parents, Manuel Tello Baurraud and Guadalupe Macías Viadero, were serving as Mexican diplomats.[1] 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 in the same discipline from King's College, University of Cambridge (1961–63).[4]

Tello joined the Institutional Revolutionary Party (PRI) in 1976. In 1975–76 he was an undersecretary at the Secretariat of Finance and Public Credit (SHCP). In 1976, President López Portillo appointed him to head the newly created Secretariat of Budget and Planning [es]; he remained in that position until he was forced to resign following a long and bitter dispute with the Secretary of Finance, Julio Rodolfo Moctezuma.[5] In September 1982, López Portillo appointed him director-general of the Bank of Mexico, where he played a key role in the controversial nationalization of the country's banking system [es] announced by the president in the final months of his term.[6][1] He was replaced at the central bank in November 1982 by Miguel Mancera Aguayo, who opposed his foreign exchange controls strategy.[3]

In 1990, President Carlos Salinas de Gortari appointed him ambassador to the Soviet Union, where he served until 1992. In 1994 he was named ambassador to Cuba.[7] In the latter part of the 1990s, President Ernesto Zedillo selected him to head the National Indigenist Institute.[6]

As an academic, he read several courses at the National Autonomous University of Mexico (UNAM) (1960–87), at El Colegio de México (1964–79), at the United Nations Economic Commission for Latin America and the Caribbean (ECLAC) and worked as a researcher for over nine years at the National Institute of Anthropology and History (INAH) (1978–87).[1] 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).[4] In 2016, the UNAM named him Professor Emeritus for "his exceptional teaching over more than 30 years and his notable work as a researcher in the field of economics".[8]

Personal life

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Tello Macías was the son of Manuel Tello Baurraud (1898–1971), who was twice secretary of foreign affairs. His brother, Manuel Tello Macías, also served as foreign secretary.[7]

Tello Macías was married to Catalina Díaz Casasús,[1] a descendant of President Porfirio Díaz.[9] He had three children, among them, historian Carlos Tello Díaz [es], author of La rebelión de las cañadas.[9]

Tello Macías died on 30 July 2024, at the age of 85.[7]

Selected works

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Tello Macías published more than 20 books,[8] including:

  • Cartas desde Moscú ("Letters from Moscow", 1994)
  • Estado y desarrollo económico: México 1920–2006 ("State and Economic Development: Mexico 1920–2006", 2008)
  • La Nacionalización de la Banca en México ("The Nationalization of the Mexican Banking System", 1984) ISBN 9789682315695

References

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  1. ^ a b c d e f Unidad de la Crónica Presidencial (1992). Diccionario biográfico del gobierno mexicano (2nd ed.). Fondo de Cultura Económica.
  2. ^ Byron, Christopher; Branegan, Jay (1982-09-20). "Why Bankers Have the Jitters". Time. Archived from the original on November 4, 2012. Retrieved 2009-12-05. Adding to the uncertainties, the López Portillo government two weeks ago appointed a socialist-oriented economist, Carlos Tello Macias, as head of the Mexican central bank
  3. ^ a b Robles de la Rosa, Leticia (2008-07-02). "Tunden con críticas a coautor de la crisis con López Portillo". Excélsior (in Spanish). Mexico City. Retrieved 5 December 2009. Tello Macías es el responsable de que en México la inflación rabasara el ciento por ciento, que tuviera una elevada devaluación y que la deuda externa pasara de ocho mil 600 millones de dólares a 92 mil 400 millones de dólares.[permanent dead link]
  4. ^ a b Camp, Roderic Ai (1995). Mexican Political Biographies, 1935-1993 (3rd ed.). University of Texas Press. p. 693. ISBN 978-0-292-71181-5. Retrieved 2009-09-23.
  5. ^ Philip, George D. E.; Enríquez, Rosario (1988). The Mexican economy. Taylor & Francis. p. 55. ISBN 978-0-415-01265-2. Retrieved 2009-09-23. Tensions existed between key parts of the administrations, notably the rift that developed in 1977 and 1978 between the etatiste Carlos Tello, the Minister responsible for planning and the budget, and Julio Rodolfo Moctezuma Cid, the more orthodox finance minister.
  6. ^ a b Amador, Octavio (31 July 2024). "El economista Carlos Tello Macías murió a los 86 años". El Economista. Retrieved 31 July 2024.
  7. ^ a b c Tapia Sandoval, Anayeli (31 July 2024). "Murió Carlos Tello, diplomático y exdirector de Banxico, a los 85 años". Infobae. Retrieved 31 July 2024.
  8. ^ a b "Nombran profesor emérito de la UNAM al investigador Carlos Tello Macías". Proceso. 15 December 2016. Retrieved 31 July 2024.
  9. ^ a b Castañón, Adolfo (November 1993). "El exilio: un relato de familia, de Carlos Tello Díaz" (PDF). Letras Libres (in Spanish). Mexico City. Retrieved 5 December 2009.[permanent dead link]
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