Abstract

This article describes the central features of an industrial policy to transform the productive and growth structure of the Mexican economy, which is large, open, and semi-industrialized, and has undergone a series of neoliberal reforms. The results indicate that progress has been made in key elements of nominal stabilization and in the export orientation, but that the overall economy is still not on a path to robust and sustained growth. The article concludes by arguing for the need to implement a new industrial policy to advance towards development with equality.

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