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Premature de-industrialisation: theory, evidence and policy recommendations in the Mexican case

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  • Moritz Cruz

Abstract

The main consequences of premature de-industrialisation are a slowdown in the rate of economic growth and the deferral of economic development. Despite having adopted a ‘successful’ export-led growth strategy since the early 1980s, these two phenomena have characterised the Mexican economy during the past three decades. In this article I investigate whether premature de-industrialisation has been a major contributor to Mexico’s economic stagnation and attempt to identify which factors have been driving it. The results confirm the hypothesis of premature de-industrialisation and suggest that the evolution of income, capital accumulation, labour manufacturing productivity, trade openness and the exchange rate provide an explanation for this process. I also suggest a set of alternative policy measures aimed at returning the Mexican economy to the path of growth and development.

Suggested Citation

  • Moritz Cruz, 2015. "Premature de-industrialisation: theory, evidence and policy recommendations in the Mexican case," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 39(1), pages 113-137.
    • Handle: RePEc:oup:cambje:v:39:y:2015:i:1:p:113-137.
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    File URL: http://hdl.handle.net/10.1093/cje/beu036
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    Cited by:

    1. Çakır, Muhammet Sait & Aydemir, Resul, 2022. "A Dutch disease approach into the premature deindustrialization," Economic Systems, Elsevier, vol. 46(4).
    2. Amat Adarov & Mario Holzner & Luka Sikic, 2016. "Backwardness, Industrialisation and Economic Development in Europe," wiiw Balkan Observatory Working Papers 123, The Vienna Institute for International Economic Studies, wiiw.
    3. Zhe Chen & Yoshinori Kurokawa, 2023. "The Value Added-Exports Puzzle and Global Value Chains," Tsukuba Economics Working Papers 2023-001, Faculty of Humanities and Social Sciences, University of Tsukuba.
    4. Cuauhtémoc Calderón Villarreal & Belem Iliana Vázquez & Laura Ivonne López Valdez, 2019. "Evaluación de la política industrial durante el periodo de apertura económica en México," Nóesis. Revista de Ciencias Sociales y Humanidades, Nóesis. Revista de Ciencias Sociales y Humanidades, vol. 28, pages 162-184, 55.
    5. Alessandro Sarra & Claudio Berardino & Davide Quaglione, 2019. "Deindustrialization and the technological intensity of manufacturing subsystems in the European Union," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 36(1), pages 205-243, April.

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