Growth dilemmas in open middle-income economies: a reflection on Mexico's recent experience

Julio López G.
Additional contact information
Julio López G.: Universidad Nacional Autónoma de México, Mexico City, Mexico

Review of Keynesian Economics, 2018, vol. 6, issue 3, 333-351

Abstract: This paper proposes an explanation of Mexico's economic evolution during the period in which its neoliberal strategy has been consolidated and consistently implemented. The focus is on global issues. The paper provides an interpretation of macroeconomic developments and the factors behind Mexico's slow growth, with an emphasis on economic policies and their consequences. A particularly important factor is the phenomenal growth of the import coefficient. On the basis of previous findings, the paper also presents some prospective scenarios for Mexico. The main purpose of the exercises is to show the difficulties faced by Mexico, which is very open to international trade, in combining fast growth with external balance.

Keywords: economy-wide country studies; Mexico; economic development; political economy; Keynesian and Kaleckian economics (search for similar items in EconPapers)
JEL-codes: O11 O23 O47 O54 (search for similar items in EconPapers)
Date: 2018
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.elgaronline.com/view/journals/roke/6-3/roke.2018.03.03.xml (application/pdf)
Restricted access

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:elg:rokejn:v:6:y:2018:i:3:p333-351

Access Statistics for this article

Review of Keynesian Economics is currently edited by Thomas Palley, Matías Vernengo and Esteban Pérez Caldentey

More articles in Review of Keynesian Economics from Edward Elgar Publishing
Bibliographic data for series maintained by Phillip Thompson ().