Abstract

ESTRADA LOPEZ, José Luis. Crisis económica, cambio tecnológico y comercio exterior de México. Econ: teor. práct [online]. 2009, n.spe2, pp.57-94. ISSN 2448-7481.

This paper analyzes the implications of the economic crisis in the United Sates, for the reconsideration of the Mexican development strategy, especially in what has to do with Mexico's integration into the world economy. The situation of the Mexican economy is characterized by a long-term crisis on top of which the current economic turmoil is set. The former crisis manifests itself in serious drawbacks in terms of growth of per capita income, formal employment and productivity, as well as in the persistence of poverty and migration to the United States and into informal activities. The nature and the magnitude of the current crisis, as well as the change that has made the Democrats, the dominant party in the White House and the us Congress, make possible to think that the economic and political period, labeled as "neoliberal", has come to an end in 2008, and that a new period of less ideological extremism, and more rationality in the policy making arises. In this paper a thesis is uphold that the main drawback of the Mexican strategy is what the strategy lacked, although also discusses the no less serious flaws of what was done, and how it was implemented, specially in reference to the swift trade and capital account liberalization and the NAFTA negotiations.

Keywords : Mexico; trade; development; crisis; NAFTA.

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