The Mexican economy in its neoliberal labyrinth
Por:
Luis Calva, Jose
Publicada:
1 jul 2019
Categoría:
Economics and econometrics
Resumen:
This article evaluates the performance of the Mexican economy during six
governmental periods (of six years each) in which a neoliberal economic
strategy was applied (1983-2018); as well as its effects on the
functional distribution of income, employment and social welfare. It
analyses the policy instruments of this economic strategy and contrasts
them with the instruments of the State-led economic development strategy
applied in Mexico during the 1935-1982 period. It also compares the
results of both strategies. Mexico's real GDP grew at an annual rate of
6.1% in the 1935-1982 period, while in 1983-2018 the annual rate of
growth was only 2.3%; real GDP per capita grew 3.2 and 0.7% annually,
respectively. The author also presents a comparative analysis of the
neoliberal strategy applied in Mexico vis a vis the heterodox
development strategy applied in China during the 1982-2018 period,
contrasting its results: in 1982, Mexico's economy was bigger than that
of China; today, China's economy is 10 times bigger than the Mexican
economy. Finally, the author presents a succinct analysis of the origins
of neoliberalism in Mexico, its rise to power in the 1980s, and the
international and national contexts of this process.
Filiaciones:
Luis Calva, Jose:
Univ Nacl Autonoma Mexico, Inst Invest Econ, Mexico City, DF, Mexico
Sistema Nacl Investigadores, Mexico City, DF, Mexico
All Open Access; Gold Open Access
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