Contribution of foreign direct investment to Mexico's economic growth during the neoliberal period

José Romero ()
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José Romero: El Colegio de México

Serie documentos de trabajo del Centro de Estudios Económicos from El Colegio de México, Centro de Estudios Económicos

Abstract: This work counts on the economic and ideological heritage after 36 years of domination of neoliberalism, the presence of exacerbated individualism and the need to renew nationalism as a binding factor. Absence of a coherent economic development plan. A manufacturing sector dominated by transnational corporations with internal and external economic and political powers and interests that do not necessarily match national ones. A national entrepreneurship that avoids competition and takes refuge in sectors that produce goods and services that are not internationally tradable. A scientific and technological system disconnected from the production apparatus. All this makes it necessary to recover lost time with alternative policies, but it is difficult, given that the powerful beneficiaries of the old regime, feel threatened and oppose change.

Keywords: Mexico; nationalism; manufactures; economic growth; foreign direct investment; FDI; science and technology (search for similar items in EconPapers)
JEL-codes: E2 E24 E25 O4 (search for similar items in EconPapers)
Date: 2019-10
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Persistent link: https://EconPapers.repec.org/RePEc:emx:ceedoc:2019-03

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