Mazda is notorious for bad paint throughout the 80's and into the 90's.  Oxidation is a serious problem, especially for metallic paints.  Peeling can also affect some of the other colors, especially some of the whites.  There is nothing you can do except to respray the paint.  A proper paint job cost cost a bundle, typically around $2,000 to $3,000.  You can get away with cheaper paint jobs, but you get what you pay for.  Those cheapie Earl Schieb's or Maaco paint jobs for under $1,000 will skimp on the body work and masking.

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