The opinions expressed here are those of the authors, and do not necessarily reflect those of the United Nations organizations. The authors gratefully acknowledge the useful conversations with Enrique Dussel and Ramón Padilla on Mexico's industrial policies, the efficient research assistance of Indira Romero, and the comments of two anonymous referees on an earlier version of this article.
Industrialization and Economic Growth in Mexico after NAFTA: The Road Travelled
Article first published online: 6 DEC 2005
©Institute of Social Studies, 2005
Development and Change
Volume 36, Issue 6, pages 1095–1119, November 2005
How to Cite
Moreno-Brid, J. C., Santamaría, J. and Rivas Valdivia, J. C. (2005), Industrialization and Economic Growth in Mexico after NAFTA: The Road Travelled. Development and Change, 36: 1095–1119. doi: 10.1111/j.0012-155X.2005.00451.x
- Issue published online: 6 DEC 2005
- Article first published online: 6 DEC 2005
This article examines Mexico's industrial policy and economic performance, focusing on an analysis of the structural changes in its manufacturing sector associated with NAFTA. The aim of the article is to improve our understanding of why the post-NAFTA evolution of the Mexican economy has been characterized by lights and shadows, with low inflation, low budget deficits and a surge in non-oil exports on the one hand, and on the other hand a slower than expected expansion of economic activity and employment. The article also presents some policy implications on the need for a new development agenda if Mexico is to finally succeed in its quest for high and sustained economic growth.