Abstract
Abstract – This paper examines how neoliberal policies implemented under Carlos Salinas Gortari (1988–1994) changed the nature of state‐private sector relations in Mexico. The paper attempts to show how Mexico's entry into the North American Free Trade Agreement (NAFTA) solidified a strategic alliance between the state and business. The drastic peso devaluation of December 1994 and the ensuing economic crisis however, threatened to shatter the very foundation of the new alliance with the private sector. This paper thus, explores how the Ernesto Zedillo regime (1994–2000) addressed the expectations of the capital class and strengthened its transparent ties with the private sector. The paper argues that given the nature of the more transparent strategic alliance formed under the Salinas administration, big business continues to be brought into the policy making process, and that in fact, Zedillo continues to intervene on the side of business.
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