ICC Advance Access originally published online on November 25, 2005
Industrial and Corporate Change 2005 14(6):941-991; doi:10.1093/icc/dth076
The seven main "stylized facts" of the Mexican economy since trade liberalization and NAFTA
Correspondence: José Gabriel Palma, Faculty of Economics, University of Cambridge. e-mail: gabriel.palma{at}econ.cam.ac.uk
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 USthe 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."