Alejandro Faya, Dec 12, 2012
Under the old Mexican protectionist model the commercial barriers were aimed at substituting imports for domestic production and foreign investors were not supposed to distress local entrepreneurs. Moreover, the intervention of the Government in the economy through state-owned enterprises, direct financing, and subsidies was quite far-reaching. The model was very successful for a while-Mexico accomplished sustained growth from 1952 to 1970-but its improper prolongati
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