![cover of the book Mexico's Economic Dilemma : The Developmental Failure of Neoliberalism](/covers/files_200/3928000/04c7cf97c7bc238099fcc5eb27f5c00b-d.jpg)
Ebook: Mexico's Economic Dilemma : The Developmental Failure of Neoliberalism
- Tags: Neoliberalism--Mexico., Mexico--Economic policy--21st century., Mexico--Economic conditions--21st century., Mexico--Foreign economic relations--United States., United States--Foreign economic relations--Mexico.
- Series: Critical Currents in Latin American Perspective Series
- Year: 2010
- Publisher: Rowman & Littlefield Unlimited Model
- City: Lanham, MD, United States
- Language: English
- epub
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. Focusing on Mexico's cheap labor export model, the authors use the maquiladora sector and the auto industry as case studies of the perils of globalization--the "race to the bottom" as capital becomes ever more international. The government's unconstrained free-market policies, they convincingly argue, have 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.
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