UID:
almafu_9959228834102883
Format:
1 online resource (233 pages)
Edition:
1st ed.
ISBN:
1-78769-067-9
,
1-78769-065-2
Content:
The Mexican economy is a contemporary political flashpoint, and not just in Mexico, but in the United States, as well. Yet few people understand it in its full complexity, and fewer still understand the social, cultural, and historical factors that have helped to make it what it is today and that will continue to affect its future. Understanding the Mexican Economy, Roy Boyd, Maria Eugenia Ibarrarán, and Roberto Vélez-Grajales offer a comprehensive overview of these factors. They provide a full, historical, economic, and political context through which to understand the actions of the people and government of Mexico, and they give insights into how those actions impinge -- and might continue to impinge -- on the United States. They conduct a wide-ranging examination of the Mexican economy and investigate the causes of persistent problems such as economic stagnation, high poverty levels, and emigration abroad. Stressing the critical role played by economic incentives as well as Mexico's geography and political institutions, they employ a number of modeling techniques, including a specially designed computer model, to discuss a variety of topics including international trade, regional inequality, the informal economy, natural resource extraction, Mexico's "war on drugs," and the economic impact of US trade and immigration policy on both Mexico and the US. For its comprehensive overview and the new insights it provides into these crucial and yet often tragically misunderstood issues, Understanding the Mexican Economy is essential reading not only for economists, but also for practitioners with a policy interest in Mexico, for students of Latin American studies, Development Studies, geography, and sociology, and for anyone with an interest in recent events and controversies around US-Mexican relations.
Note:
Cover -- Title Page -- Copyright Page -- Acknowledgements -- Contents -- Introduction -- Chapter 1 A Brief History and Geographical Overview of Mexico -- 1.1. History: Pre-Columbian Mexico -- 1.1.1. The Arrival of the Spanish and Colonial Mexico -- 1.1.2. Mexican Independence and Northern Wars -- 1.1.3. Reform and Revolution -- 1.1.4. Post-revolution Mexico and Recent History -- 1.2. Geography -- References -- Chapter 2 The Extraction of Natural Resources and Precious Metals -- 2.1. Introduction -- 2.2. Natural Resources in Colonial Times: The Age of Exploration and Exploitation -- 2.3. Natural Resources during Independence: A Time of Turbulence -- 2.4. Expansion of Natural Resource Sectors during the Porfiriato: Initial Investment -- 2.5. The Mexican Revolution: The Overthrow of Díaz and a Return to Turbulent Times -- 2.6. Effects of the Great Depression: Linkages between the US and Mexico -- 2.7. Cárdenas, Rising Nationalism, and the Nationalization of the Oil Sector -- 2.8. The Mexican Miracle, Protectionism, and the Oil Crisis -- 2.9. Recent History and Energy Reform -- 2.10. The Implications of Heavy Fossil Fuel Use on Carbon Usage and Climate Policy -- References -- Chapter 3 Shades and Colors: The Demographic and Cultural Landscape -- 3.1. Introduction -- 3.2. The Roots of Such Shades -- 3.3. Understanding Differences in Growth -- 3.4. Indigenous Communities -- 3.5. Key Factors in Regional Development -- 3.5.1. Education -- 3.5.2. Infrastructure -- 3.5.3. Trade -- 3.5.4. Pricing policies -- 3.6. Public Policy Alternatives and Regional Migration -- References -- Chapter 4 Long-term Dynamics of Well-being -- 4.1. Introduction -- 4.2. The Level of Physical Wellness in Mexico: 1850-1992 -- 4.3. Human Development in Mexico: 1895-2010 -- 4.4. Poverty in Mexico: 1950-2014 -- 4.5. Income Inequality in Mexico: 1984-2014 -- 4.6. Conclusion.
,
References -- Chapter 5 Social Mobility: The Result of Standing Inequalities -- 5.1. Introduction -- 5.2. Intergenerational Social Mobility in Mexico -- 5.3. Intergenerational Social Mobility at the State Level -- 5.4. Inequality of Opportunity: The Source of Low Social Mobility -- 5.5. Policy Implications -- References -- Chapter 6 An Economic Model of Mexico (and the US) -- 6.1. Introduction -- 6.2. The General Equilibrium Framework -- 6.3. Overall Structure of the Model -- 6.4. A Formal Presentation of the Model -- 6.4.1. Production -- 6.4.2. Labor and Consumption -- 6.4.3. Government -- 6.4.4. Trade -- 6.5. Modifications of the Model: Inclusion of Land as an Input -- 6.6. Adjustments to Make the Model Dynamic -- 6.7. The US Model -- References -- Chapter 7 Trade Policy: Liberalization and Protectionism -- 7.1. Introduction -- 7.2. Trade in Mexico Prior to NAFTA -- 7.3. The Economics of the North American Free Trade Agreement: Overall Impacts -- 7.3.1. Fulfilment of NAFTA's Goals -- 7.3.2. Trade and Macroeconomic Shocks -- 7.4. The Effects of Trade Restrictions in Mexico -- 7.4.1. Simulation Results: Mexico -- 7.5. Effect of Trade Restrictions in the United States -- 7.5.1. Simulation Results: US -- 7.6. The Impact of Trade Liberation on Mexico -- 7.7. Conclusions -- References -- Chapter 8 Energy Reform and Climate Change Policy -- 8.1. Introduction -- 8.2. The Energy Reform of 2013 -- 8.2.1. Electricity -- 8.2.2. Oil and Natural Gas -- 8.2.3. Reforms to the Oil and Natural Gas Sector -- 8.2.4. Arguments For and Against the New Reforms -- 8.3. Energy Reform Simulations -- 8.3.1. Discussion -- 8.3.2. Natural Gas Simulations -- 8.3.2.1. Electricity Reform Simulations -- 8.3.3. Carbon Tax Simulation -- 8.3.3.1. Simulation Results: Redistribution According to Labor Income -- 8.3.4. Simulation Results: Redistribution According to Capital Income.
,
8.4. Climate Change Impacts and Abatement Policies -- 8.4.1. The Nature of Climate Change -- 8.4.2. The Climate Change Scenario -- 8.4.3. Climate Change Mitigation -- 8.5. Conclusion -- References -- Chapter 9 Economic Stagnation in Mexico and Immigration to the United States -- 9.1. Introduction -- 9.2. Informality in Mexico: Basic Characteristics -- 9.2.1. Productivity in the Informal Sector -- 9.2.2. Informality and Education -- 9.2.3. Informality and Taxation Policy -- 9.2.4. Informality and Subsidies -- 9.3. Our Model Incorporating Informality -- 9.4. Model Results: Business as Usual -- 9.4.1. Removing Payroll Contributions to Social Insurance -- 9.4.2. The Effects of Value Added Tax Increases -- 9.4.3. The Effects of Energy Subsidy Elimination -- 9.5. US Immigration: History -- 9.6. The Economic Effects of Immigration: Simple Labor Market Effects -- 9.6.1. Winners and Losers in a Multiple Market Framework -- 9.6.2. Immigration and Government Benefits -- 9.7. Calculating the Net Economic Benefits of Mexican Immigration -- 9.8. Conclusions and Policy Framework -- References -- Chapter 10 Institutional Weakness and the Spread of Drugs and Violence -- 10.1. Introduction -- 10.2. Historical Perspective of Drug Supply -- 10.2.1. Drug Trade Between Mexico and the US After World War II -- 10.3. The Economics of Drug Prohibition -- 10.4. The Structure and Working of Mexican Cartels: The Supply Side -- 10.5. Drug Consumption in the US and Mexico -- 10.5.1. Demand in the US -- 10.5.2. Demand in Mexico -- 10.6. Institutions and the Rule of Law in Mexico -- 10.6.1. The Weakening of the Mexican State -- 10.6.2. Mexico's "War on Drugs" -- 10.7. Concluding Remarks -- References -- Concluding Remarks -- Biography -- Index.
Additional Edition:
ISBN 1-78769-068-7
Additional Edition:
ISBN 1-78769-066-0
Language:
English
Keywords:
Electronic books.
URL:
https://www.emerald.com/insight/publication/doi/10.1108/9781787690653
Bookmarklink
