Downsizing the state: privatization and the limits of neoliberal reform in Mexico

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Pennsylvania State University Press,
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Beginning in 1983, the Mexican government implemented one of the most extensive programs of market-oriented reform in the developing world.Downsizing the State examines a key element of this reform program: the privatization of public firms.

Drawing upon interviews with government officials, business executives, and labor leaders as well as data from government archives and corporate documents, MacLeod highlights the difficulties of linking market reforms to improved public welfare. Privatization failed to live up to its promise of raising living standards or decentralizing the economy. Indeed, privatization actually increased the concentration of wealth in Mexico while redirecting the economy toward foreign markets. These findings contribute to theoretical debates regarding state autonomy and the embeddedness of economic action.

MacLeod calls into question the autonomy of the Mexican state in its privatization program. He shows that the creation of markets where public firms once dominated has involved both the destruction of social relations and the construction of new relations and institutions to regulate the market.

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Grouped Work ID 44b199d4-8e1a-5edd-ad43-7deb21027101
Grouping Title downsizing the state privatization and the limits of neoliberal reform in mexico
Grouping Author macleod dag
Grouping Category book
Last Grouping Update 2018-08-06 04:40:45AM
Last Indexed 2018-09-21 04:52:53AM

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title_display Downsizing the state : privatization and the limits of neoliberal reform in Mexico
title_full Downsizing the state : privatization and the limits of neoliberal reform in Mexico / Dag MacLeod
title_short Downsizing the state :
title_sub privatization and the limits of neoliberal reform in Mexico