Paradox of Mexican Firms' Modernization During the 1990s

María de los Angeles Pozas

University of California at San Diego, Center for U.S.-Mexican Studies from Center for U.S.-Mexican Studies, UC San Diego

Abstract: During the 1990s, Mexico lived like most of Latin American countries, a process of transition that involved economic opening and the liberalization of their FDI regimes. The new policy was based on the assumption that under the global economy, this form of international capital could make important contributions to the country’s development. The effect of direct foreign investments on a country’s development, however, depends on the way in which FDI articulates to the local economic structure.

Date: 2004-02-04
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