State And Capital In Mexico: Development Policy Since 1940 (Series in Political Economy and Economic Development in Latin America)

For the past twenty-eight years I have traveled to and periodically lived in Mexico. As an extranjero I have enjoyed the advantage of association with nearly every social strata-from descamisados in ciudades perdidas to members of the elite. These have been my maestros, and I owe them a great deal. In development studies it is widely recognized that state intervention has been more profound in Mexico than elsewhere in Latin America. Since the 1930s, successive governments have actively adopted import substitution as a means of spurring economic growth, often with spectacular results. The collapse of the petro-boom in 1982, however, brought an This book explains how important were state programs in facilitating the industrial growth of Mexico from 1940 to 1988. It provides a needed consideration of Mexico's development policies-a better understanding of Mexico's political economy for those who stand on the outside looking in. In this book, the author examines the role of the state in Mexico's capitalist industries and the impact state policies may have had in precipitating the decline in the economy, the debt crisis, and the nationalization of the banking system. James M. Cypher. Includes Bibliographical References (p. 199-208) And Index.