sentences:  When López Portillo left office in December 1982, the economy was in shambles.He designated Miguel de la Madrid as the PRI candidate, the first of a series of economists to rule the country, a technocrat who turned his back on populist policies to implement neoliberal reforms, causing the number of state-owned industries to decline from 1155 to a mere 412.After the 1982 default, crisis lenders were unwilling to loan Mexico and this resulted in currency devaluations to finance spending.