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Mexico's Economic Dilemma: The Developmental Failure of Neoliberalism by James M. Cypher, Raúl Delgado Wise

Mexico's Economic Dilemma: The Developmental Failure of Neoliberalism

by James M. Cypher , Raúl Delgado Wise
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Book cover type: Hardcover
  • ISBN13: 9780742556607
  • Binding: Hardcover
  • Subject: N/A
  • Publisher: Rowman & Littlefield Publishers
  • Publisher Imprint: Rowman & Littlefield Publishers
  • Publication Date:
  • Pages: 226
  • Original Price: GBP 110.0
  • Language: English
  • Edition: N/A
  • Item Weight: 499 grams
  • BISAC Subject(s): International Relations / General

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.

James M. Cypher is a research professor in the doctoral program in development studies, Universidad Autónoma de Zacatecas. Raúl Delgado Wise is director of the doctoral program in development studies, Universidad Autónoma de Zacatecas.

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