Development and Growth in the Mexican Economy: A Historical Perspective

This book is the first comprehensive and systematic English-language treatment of Mexico's economic history to appear in nearly forty years. Drawing on several years of in-depth research, Juan Carlos Moreno-Brid and Jaime Ros, two of the foremost experts on the Mexican economy, examine Mexico's current development policies and problems from a historical perspective. They review long-term trends in the Mexican economy and analyze past episodes of radical shifts in development strategy and in the role of markets and the state. This book provides an overview of Mexico's economic development since Independence that compares the successive periods of stagnation and growth that alternately have characterized Mexico's economic history. It gives special attention to developments since 1940, and it presents a re-evaluation of Mexico's development policies during the State-led industrialization period from 1940 to 1982 as well as during the more recent market reform process. This reevaluation is critical of the dominant trend in economic literature and is revisionist in arguing that, in particular, the market reforms undertaken by successive Mexican governments since 1983 have not addressed the fundamental obstacles to economic growth. Development and Growth in the Mexican Economy also details the country's pioneering role in launching NAFTA, its membership in the OECD, and its radical macroeconomic reforms. Carefully argued and meticulously researched, the book presents a wide-ranging, authoritative study that not only pinpoints problems, but also suggests solutions for removing obstacles to economic stability and pointing the Mexican economy toward the road to recovery.

Juan Carlos Moreno-Brid, an economist at ECLAC-UN, specializes in development and economic growth, mainly of Mexico and Latin America. He has published articles in academic journals such as World Development, Development and Change, CEPAL-Review, Metroeconomica, Investigacii??n Econi??mica, Journal of Post Keynesian Economics, International Review of Applied Economics, Harvard Review of Latin America, International Journal of Political Economy, Nueva Sociedad, Revista Mexicana de Sociologi??a, and Economi??a Mexicana. He is a member of the Refereeing Board of El Trimestre Econi??mico and of the Editorial Board of Economi??aUNAM.

Jaime Ros is professor of economics at the University of Notre Dame and fellow of the Kellogg Institute for International Studies. He specializes in development economics with special reference to Mexico and Latin America. His most recent book is Development Theory and the Economics of Growth. His articles have appeared in the Cambridge Journal of Economics, World Development, Journal of Development Studies, The Manchester School of Economic and Social Studies, El Trimestre Econi??mico, and Desarrollo Economico, as well as other scholarly journals and edited books.