Why have economic reforms in Mexico not generated growth?
Why have economic reforms in Mexico not generated growth?
Rate this book:
About This Book
"Following its opening to trade and foreign investment in the mid-1980s, Mexico's economic growth has been modest at best, particularly in comparison with that of China. Comparing these countries and reviewing the literature, we conclude that the relation between openness and growth is not a simple one. Using standard trade theory, we find that Mexico has gained from trade, and by some measures, more so than China. We sketch out a theory in which developing countries can grow faster than the United States by reforming. As a country becomes richer, this sort of catch-up becomes more difficult. Absent continuing reforms, Chinese growth is likely to slow down sharply, perhaps leaving China at a level less than Mexico's real GDP per working-age person"--National Bureau of Economic Research web site.
Buy This Book
As an Amazon Associate and Bookshop.org affiliate, BookOrb earns from qualifying purchases.
Write a Review
Sign in to write a review.
More by Timothy Jerome Kehoe
A dual approach to regularity in production economies
A general equilibrium appraisal of energy policy in Mexico
A general equilibrium model of domestic commerce in Mexico
An evaluation of the performan
An evaluation of the performance of applied general equilibrium models of the impact of NAFTA
Are shocks to the terms of tra
Are shocks to the terms of trade shocks to productivity?
Bankruptcy and collateral in d
Bankruptcy and collateral in debt constrained markets