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. In Understanding the Mexican Economy, Roy Boyd, Maria
Eugenia Ibarraran, and Roberto Velez-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.
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