Written by two leading scholars, this book provides a detailed analysis of Mexico's political economy. James M. Cypher and Ra l Delgado Wise begin with an examination of Mexico's pivotal economic crisis of the 1980s and the consequent turn toward an export-led economy, later anchored by NAFTA. They show how Mexico, after abandoning frequently successful past practices of state-led development, disastrously tied its future to an unconditional reliance on foreign corporations to promote an export-led growth strategy. This strategy, they convincingly argue, has resulted in a fragmented economy marked by stagnation, falling wages, informal part-time employment, and massive migration, which define daily life for all but a tiny minority.
Format:Paperback
Language:English
ISBN:0742556611
ISBN13:9780742556614
Release Date:October 2011
Publisher:Globe Pequot Publishing Group Inc/Bloomsbury
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