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Una interpretación sobre el bajo crecimiento económico en México
[One interpretation of the low economic growth in Mexico]

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  • Isaac, Sánchez Juárez

Abstract

Since 1982 the Mexican economy was characterized by the presence of low economic growth rates, this situation has caused a severe reduction in employment and thus the welfare of the Mexican population. Following a kaldorian’s framework of development we assume that the process of stagnation suffered by México, especially in recent years is explained by the lack of dynamism in the domestic manufacturing sector. The latter is attributed mainly to the current economic model, implemented in the late eighties, and its associated policies. If not corrected the current economic policy and implemented a strategic industrial policy, the economy will continue to be subject to a structural stagnation and recurrent crisis. The solution is to change the economic model, recognizing the importance of efficient markets and the state to promote economic growth and employment.

Suggested Citation

  • Isaac, Sánchez Juárez, 2011. "Una interpretación sobre el bajo crecimiento económico en México [One interpretation of the low economic growth in Mexico]," MPRA Paper 38101, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:38101
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    References listed on IDEAS

    as
    1. A. P. Thirlwall, 2015. "A Plain Man’s Guide to Kaldor’s Growth Laws," Palgrave Studies in the History of Economic Thought, in: Essays on Keynesian and Kaldorian Economics, chapter 14, pages 326-338, Palgrave Macmillan.
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    4. Carlos Guerrero de Lizardi, 2006. "Thirlwall´s law with an emphasis on the ratio of export/import income elasticities in Latin American economies during the Twentieth Century," Estudios Económicos, El Colegio de México, Centro de Estudios Económicos, vol. 21(1), pages 23-44.
    5. Ibarra, Carlos Alberto, 2008. "La paradoja del crecimiento lento de México," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), August.
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    More about this item

    Keywords

    Mexico; stagnation; manufactures;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology

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