A careful analysis of economic restructuring in Mexico based on articles in the press, official documents, and personal interviews. More important, she has clearly and articulately laid out the history of—and developed the most important theoretical underpinnings explaining—economic liberalization in the Mexican system.
Since 1983, Mexico has undergone a rapid and thorough economic restructuring program, with privatization at the core. The government has divested itself of hundreds of public companies, increasing the role of private capital, both domestic and foreign. Supporters have argued that divestiture would have positive implications for Mexican democracy, but Judith A. Teichman concludes that political and economic power in Mexico is more concentrated and exclusionary than ever. She uses extensive field research, including interviews with top political and business leaders to describe and analyze the process by which the Mexican state has reformed its mammoth public enterprise sector.
She uses extensive field research, including interviews with top political and business leaders, to describe and analyse the process by which the Mexican state has reformed its mammoth public-enterprise sector.
A major strength of Teichman's work is her deliberate blending of an analysis of the historical forces leading to privatization in Mexico with information obtained from interviews of those directly involved in the process. There are important lessons in the book for Mexican specialists and for policy makers who advocate such policies elsewhere. Well written and appropriate for a wide range of readers, this book is highly recommended for all collections.
Her arguments, while controversial, are essential reading to anyone interested in understanding Mexico's transformation in the 1990s.