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Development and Growth in the Mexican EconomyAn Historical Perspective$
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Juan Carlos Moreno-Brid and Jaime Ros

Print publication date: 2009

Print ISBN-13: 9780195371161

Published to Oxford Scholarship Online: May 2009

DOI: 10.1093/acprof:oso/9780195371161.001.1

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(p.3) 1 Introduction
Development and Growth in the Mexican Economy

Juan Carlos Moreno-Brid

Jaime Ros (Contributor Webpage)

Oxford University Press

Chapter 1 summarizes the main theses of the book and provides an overview of the contents of each of its chapters. It argues that the episodes of rapid economic growth (during the Porfiriato and postwar industrialization), in addition to political stability and a favorable international economic environment, have in common the establishment of a consensus on economic policy matters, the presence of correct perceptions by the political and economic elites on the true constraints on economic development, and a very unequal distribution of the benefits of economic growth, which in turn led to the loss of consensus in the subsequent periods of stagnation. By contrast, the periods of economic stagnation tend to feature political instability and external economic shocks, together with misperceptions among the country's elites and/or the absence of consensus.

Keywords:   Porfiriato, postwar industrialization, political stability, external shocks, misperceptions, consensus

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