Transformation In Mexico Research Articles

PRIVATIZATION OF MEXICO'S PUBLIC ENTERPRISES AND THE RESTRUCTURING OF THE PRIVATE SECTOR

The Developing EconomiesVolume 34, Issue 1 p. 28-60 Free Access PRIVATIZATION OF MEXICO'S PUBLIC ENTERPRISES AND THE RESTRUCTURING OF THE PRIVATE SECTOR Taeko HOSHINO, Taeko HOSHINOSearch for more papers by this author Taeko HOSHINO, Taeko HOSHINOSearch for more papers by this author First published: March 1996 https://doi.org/10.1111/j.1746-1049.1996.tb00728.xCitations: 4AboutPDF ToolsRequest permissionExport citationAdd to favoritesTrack citation ShareShare Give accessShare full text accessShare full-text accessPlease review our Terms and Conditions of Use and check box below to share full-text version of article.I have read and accept the Wiley Online Library Terms and Conditions of UseShareable LinkUse the link below to share a full-text version of this article with your friends and colleagues. Learn more.Copy URL Share a linkShare onFacebookTwitterLinkedInRedditWechat REFERENCES 1 Bolsa Mexicana de Valores. Anuario financiero (Mexico City). 2 Bolsa Mexicana de Valores. Anuario financiero y bursátil (Mexico City). 3 Carrillo Castro, A., and Garcia Ramirez, S. Las empresas públicas en México ( Mexico City : Miguel Angel Porrua, 1983). 4 Expansión. 5 El financiero. 6 Hoshino, T. Indigenous Corporate Groups in Mexico: High Growth and Qualitative Change in the 1970s to the Early 1980s,” Developing Economies, Vol. 28, No. 3 (September 1990). 7 Hoshino, T. Mekishiko ni okeru kin' y grpu no keisei to hatten” [Formation and development of financial groups in Mexico], in Hatten tojkoku no bijinesu grpu [Business groups in developing countries], ed. Kenji Koike and Taeko Hoshino ( Tokyo : Institute of Developing Economies, 1993). 8 Lustig, N. Mexico: The Remaking of an Economy ( Washington D.C. : Brookings Institution, 1992). 9 Penolosa Webb, T. Situación actual y perspectivas frente a la apertura de los sevicios financieros,” Comercio exterior, Vol. 39, No. 6 (June 1989). 10 Perez, W. La estructura de la industria estatal, 1965--1975,” Economia mexicana, No. 4 (1982). 11 Petrazzini, B. A. Foreign Direct Investments in Latin America's Privatization,” in Latin America's Turnaround, ed. Paul H. Boeker ( San Francisco : International Center for Economic Growth, Institute of the Americas/ICS Press, 1993). 12 Proceso. 13 Rogozinski, J. La privatization de empresas paraestatales ( Mexico City : Fondo de Cultura Económica, 1994). 14 Sánchez, M. A. Privatizaciones y extranjerización de la economía argentina,” Realidad económica, No. 116 (May 16June 30, 1993). 15 Schwartz, G., and Silva Lopes, P. Privatization: Expectations, Trade-offs, and Results,” Finance and Development, Vol. 30, No. 2 (June 1993). 16 Story, D. Industria, estado y politica en México ( Mexico City : Grijalbo, 1986). 17 T. Thiemeyer, and G. Quaden, eds. The Privatization of Public Enterprises: A European Debate ( Liège : Centre interntional de recherches et d'information sur l'economie publique, sociale et coopérative [CIRIEC], Université de Liège au Sart Tilman, 1986). Citing Literature Volume34, Issue1March 1996Pages 28-60 ReferencesRelatedInformation

The Chiapas Insurrection: Consequences for Mexico and the United States

The U.S. political establishment appears to have adopted a policy of "damage control" to limit the political costs (both in Mexico and internationally) of the Chiapas Insurrection against the government and economic policies of Carlos Salinas. Under this policy, the government of Mexico is being treated almost as if it were a part of the U.S. domestic scene. Or perhaps it reflects the United States's gratitude for Salinas's impressive achievements, such as the unilateral opening of the Mexican domestic market, the privatization of some of the most important sectors of the Mexican economy (thus socializing the costs and privatizing the benefits), all sorts of Constitutional modifications designed to suit foreign interests, and the transformation of Mexico into an exclusive paradise for U.S. and Canadian investors by the North American Free Trade Agreement (NAFI'A). After listening to a speech on the Mexican privatization program and the proposed new Laws for Foreign Privatization and Foreign Investment delivered last year at the State Department by Jos6 C6rdoba (then the Chief of Staff of the Salinas Executive Office), a U.S. entrepreneur expressed his satisfaction by calling that the Salinas regime "Io mejor que nos ha ocurrido desde que L6pez de Santana nos entreg6 poco mils de la rnitad del territorio mexicano" (" . . .the best thing that has happened to us since L6pez de Santana delivered more than half of the Mexican territory to the United States"). In apparent agreement with this sentiment, U.S. Secretary of the Treasury Lloyd Bentsen recently visited Mexico and acted as if he were already the Secretario de Hacienda of Mr. Salinas's

Economic Transformation: The Mexican Way

Mexico offers a particularly interesting study of economic reform because of its successes and its ambitious scale. As that country's current Minister of Finance and Public Credit and a distinguished economist, Pedro Aspe offers an informed, inside look at attempts to modernize Mexico's economy through the 1970s and 1980s. Aspe examines how Mexico has tried to stabilize its economy with measures such as economic deregulation, fiscal reform, privatization of state-owned enterprises, and realistic budget management. He argues that these changes have had not only profound economic effects, but social and political ones as well.Aspe first discusses Mexico's experience with macroeconomic stabilization, emphasizing its social and political aspects, and noting the successes already achieved in terms of stabilization, production, and employment. In the extended analysis of the Mexican economy that follows, he focuses on the structural impact of state reform on the external sector, and on the efficiency and distributional impacts of fiscal reform. Such macroeconomic adjustments, Aspe points out, have resulted in the gradual replacement of the state in its role as leader of Mexico's economic development by the participation of an entire society - an achievement that is the result of the orderly negotiation and consensus of workers, farmers, entrepreneurs, and government.Aspe concludes with a summary of the way in which all of these changes have brought about the profound transformation of Mexico's economy.