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
full_title downsizing the state privatization and the limits of neoliberal reform in mexico
author macleod dag
grouping_category book
lastUpdate 2017-08-14 05:04:18AM

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physical xiii, 306 p. : ill. ; 24 cm.
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table_of_contents Privatization and competing perspectives on economic organization -- Public ownership and the rise of state-led development -- Privatization and the demise of state-led development -- The turbulent privatizations of Aeroméxico and Mexicana de Aviacíon -- Positive-sum games and the sale of Telmex -- The transformation and sale of the Mexican National Railroad -- Economic transformation and the limits of neoliberal reform -- Appendix.
target_audience Other
target_audience_full Other
title Downsizing the state privatization and the limits of neoliberal reform in Mexico
title_display Downsizing the state privatization and the limits of neoliberal reform in Mexico
title_full Downsizing the state [electronic resource] : privatization and the limits of neoliberal reform in Mexico / Dag MacLeod
title_short Downsizing the state
title_sort downsizing the state privatization and the limits of neoliberal reform in mexico
title_sub privatization and the limits of neoliberal reform in Mexico