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The seven main "stylized facts" of the Mexican economy since trade liberalization and NAFTA

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  • José Gabriel Palma

Abstract

In Mexico, a remarkably dynamic expansion of exports has been associated with a surprisingly poor overall growth performance. Moreover, this collapse of the export multiplier took place in a context of both massive inflows of foreign direct investment and unrestricted "market access" to the US--the first two items on all developing countries' growth agenda today. Therefore, the study of Mexico is an ideal scenario within which to assess the impact of the new development model on growth and "catching up." Copyright 2005, Oxford University Press.

Suggested Citation

  • José Gabriel Palma, 2005. "The seven main "stylized facts" of the Mexican economy since trade liberalization and NAFTA," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 14(6), pages 941-991, December.
    • Handle: RePEc:oup:indcch:v:14:y:2005:i:6:p:941-991
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    Citations

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    Cited by:

    1. José Gabriel Palma & Joseph E. Stiglitz, 2016. "Do Nations Just Get the Inequality They Deserve? The “Palma Ratio” Re-examined," International Economic Association Series, in: Kaushik Basu & Joseph E. Stiglitz (ed.), Inequality and Growth: Patterns and Policy, chapter 2, pages 35-97, Palgrave Macmillan.
    2. José Palma, 2015. "Globalizing Inequality: ‘Centrifugal’ and ‘Centripetal’ Forces at Work," Working Papers id:7199, eSocialSciences.
    3. Irani Arráiz & Francisca Henríquez & Rodolfo Stucchi, 2013. "Supplier development programs and firm performance: evidence from Chile," Small Business Economics, Springer, vol. 41(1), pages 277-293, June.
    4. Gerardo Fujii-Gambero & Rosario Cervantes-Martínez, 2013. "Indirect Domestic Value Added in Mexico's Manufacturing Exports, by Origin and Destination Sector," Economics Working Paper Archive wp_760, Levy Economics Institute.
    5. Galeana-Pizaña, J. Mauricio & Couturier, Stéphane & Figueroa, Daniela & Jiménez, Aldo Daniel, 2021. "Is rural food security primarily associated with smallholder agriculture or with commercial agriculture?: An approach to the case of Mexico using structural equation modeling," Agricultural Systems, Elsevier, vol. 190(C).
    6. José Gabriel Palma, 2011. "National Inequality in the Era of Globalisation: What do Recent Data Tell Us?," Chapters, in: Jonathan Michie (ed.), The Handbook of Globalisation, Second Edition, chapter 7, Edward Elgar Publishing.
    7. Moritz Cruz, 2008. "Can Free Trade Guarantee Gains from Trade?," WIDER Working Paper Series RP2008-97, World Institute for Development Economic Research (UNU-WIDER).
    8. José Gabriel Palma, 2011. "Forum 2011," Development and Change, International Institute of Social Studies, vol. 42(1), pages 87-153, January.
    9. José Gabriel Palma, 2014. "Latin America's socail imagination since 1950. From one type of 'absolute certainties' to another - with no (far more creative)'uncomfortable uncertainties' in sight," Cambridge Working Papers in Economics 1416, Faculty of Economics, University of Cambridge.
    10. Martínez Sola, María Luz, 2017. "Ocasos y resurgimientos de los Bancos Nacionales de Desarrollo en Latinoamérica: entendiendo factores que pudieron haber afectado las diversas trayectorias en Argentina y Brasil," Revista Latinoamericana de Desarrollo Economico, Carrera de Economía de la Universidad Católica Boliviana (UCB) "San Pablo", issue 27, pages 101-139, May.
    11. José Gabriel Palma, 2006. "Globalizing Inequality: ‘Centrifugal’ and ‘Centripetal’ Forces at Work," Working Papers 35, United Nations, Department of Economics and Social Affairs.
    12. Palma, J.G., 2013. "How to create a financial crisis by trying to avoid one: the Brazilian 1999-financial collapse as "Macho-Monetarism" can't handle "Bubble Thy Neighbour" levels of inflows," Cambridge Working Papers in Economics 1301, Faculty of Economics, University of Cambridge.

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