Abstract

CALDERON, Cuauhtémoc  and  SANCHEZ, Isaac. Economic Growth and Industrial Policy in Mexico. Prob. Des [online]. 2012, vol.43, n.170, pp.125-154. ISSN 0301-7036.

This paper analyzes a problem that proves crucial for the economic development of Mexico: slow economic growth and the subsequent inability to generate necessary employment. On the basis on Kaldorian growth theory, it is supposed that this problem is the result of economic policy errors, in essence the abandonment of active industrial policy in favor of structural change and economic development. Evidence is provided which highlights the high correlation between slow economic growth and slow growth in manufacturing output, a result consistent with the findings of other researchers. Having implemented an active industrial policy, the growth rate in the manufacturing sector would prove greater than that observed and would improve global economic development. Given the importance of this type of industrial policy, this paper outlines the reasons why the policy was abandoned and suggests that it be reinstated.

Keywords : slow growth; employment; industrial policy; Mexico.

        · abstract in Spanish | French | Portuguese |     · text in Spanish     · Spanish ( pdf )