Mexico's Developing Economy

Mexico has a developing economy and is in the process of shifting from dependence on government-generated regulatory pressures to reliance on market forces to foster economic development. The accession of Mexico into the North American Free Trade Agreement (NAFTA) marks the implementation of liberalization in the economy.

But it has been a long and difficult road for Mexico to follow. Charles Cumberland, in his work on the historical evolution of Mexico's economy and politics entitled Mexico: The Struggle for Modernity (New York: Oxford University Press, 1968), provides a close look at the forces of social change that have affected the nation from the period of Spanish colonial rule through rebellion and into contemporary times. This historical analysis offers a clear picture of a nation ripe for exploitation by foreign powers. This conflict, as Cumberland explains, set the stage for an economicall

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Category: Economics - M