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The Political Economy of Transnational Power and Production:
Mexico's Metamorphosis 1982-2022 How and why Mexico’s
socioeconomic structure was transformed through plutocratic
preferences, US corporate strategies, and ideology—all powering
transnational processes of neoliberalization—are issues examined
in this comprehensive, carefully documented publication covering
four crucial decades of metamorphosis. The causes and consequences
of the creation of a new, regional power bloc—the North American
Free Trade Agreement (NAFTA)—are extensively examined. Readers
will benefit from the many important demystifications presented
here, chronicling the asymmetric Mexico-US production system. The
impacts of the new transnational structure for labor on both sides
of the border are matters of centrality. Specialists and general
readers alike will find an explicit and accessible account of the
powerful forces opening access to and profiting from millions of
low-wage workers enabling Mexico to become a strategic source of US
imports. Portrayed by mainstream economists and major policy makers
as a "win-win" triumph of "free trade" theory, this book documents
the opposing reality imposed by NAFTA and the US-Mexico-Canada Free
Trade Agreement on both the US and Mexican working classes. US
economists foretold a dramatic narrowing of the income gap—the US
would benefit; Mexico would benefit even more. But instead, the
yawning gap increased for three decades, bringing devastation for
workers while debilitating Mexico’s national industrial base.
The fifth edition of The Process of Economic Development offers a
thorough and up-to-date treatment of development economics. It has
been extensively revised throughout, reflecting the most recent
developments in research and incorporating the latest empirical
data, as well as key theoretical advances and many new topics. The
world has seen vast economic growth in China, economic
transformation in India, new challenges in Latin America, rapid
economic progress in Southeast Asia, and the deepening impact of
environmental issues such as climate change. This new edition
addresses all these critical issues as well as the pivotal role of
the state, where China's capacity is contrasted with that of
African states. Transnational corporations' reliance on low-wage
manufacturing and labor arbitrage is featured in the book.
Agricultural policy-extensively explored-remains crucial, as does
the promotion of industrialization. This fifth edition offers a
'state-of-the-art' analysis of these essential themes and many
others. Numerous case studies and issue focuses have been
integrated with sundry central topics. Neoclassical theories and
applications, including a timely exploration of behavioral
economics, are both rigorously and accessibly explicated. Cypher's
comprehensive account remains the development economics text par
excellence, as it takes a much more practical, hands-on view of the
issues facing the developing countries than other, overly
mathematical texts. This book is unique in its scope and in the
detailed attention it gives to a vast range of ideas, including
pioneering developmentalist and heterodox formulations. Distinct
institutional structures are examined within their historical
contexts. This landmark text will continue to be an invaluable
resource for students, teachers, and researchers in the fields of
development economics and development studies.
The Political Economy of Transnational Power and Production:
Mexico's Metamorphosis 1982-2022 How and why Mexico’s
socioeconomic structure was transformed through plutocratic
preferences, US corporate strategies, and ideology—all powering
transnational processes of neoliberalization—are issues examined
in this comprehensive, carefully documented publication covering
four crucial decades of metamorphosis. The causes and consequences
of the creation of a new, regional power bloc—the North American
Free Trade Agreement (NAFTA)—are extensively examined. Readers
will benefit from the many important demystifications presented
here, chronicling the asymmetric Mexico-US production system. The
impacts of the new transnational structure for labor on both sides
of the border are matters of centrality. Specialists and general
readers alike will find an explicit and accessible account of the
powerful forces opening access to and profiting from millions of
low-wage workers enabling Mexico to become a strategic source of US
imports. Portrayed by mainstream economists and major policy makers
as a "win-win" triumph of "free trade" theory, this book documents
the opposing reality imposed by NAFTA and the US-Mexico-Canada Free
Trade Agreement on both the US and Mexican working classes. US
economists foretold a dramatic narrowing of the income gap—the US
would benefit; Mexico would benefit even more. But instead, the
yawning gap increased for three decades, bringing devastation for
workers while debilitating Mexico’s national industrial base.
The fifth edition of The Process of Economic Development offers a
thorough and up-to-date treatment of development economics. It has
been extensively revised throughout, reflecting the most recent
developments in research and incorporating the latest empirical
data, as well as key theoretical advances and many new topics. The
world has seen vast economic growth in China, economic
transformation in India, new challenges in Latin America, rapid
economic progress in Southeast Asia, and the deepening impact of
environmental issues such as climate change. This new edition
addresses all these critical issues as well as the pivotal role of
the state, where China's capacity is contrasted with that of
African states. Transnational corporations' reliance on low-wage
manufacturing and labor arbitrage is featured in the book.
Agricultural policy-extensively explored-remains crucial, as does
the promotion of industrialization. This fifth edition offers a
'state-of-the-art' analysis of these essential themes and many
others. Numerous case studies and issue focuses have been
integrated with sundry central topics. Neoclassical theories and
applications, including a timely exploration of behavioral
economics, are both rigorously and accessibly explicated. Cypher's
comprehensive account remains the development economics text par
excellence, as it takes a much more practical, hands-on view of the
issues facing the developing countries than other, overly
mathematical texts. This book is unique in its scope and in the
detailed attention it gives to a vast range of ideas, including
pioneering developmentalist and heterodox formulations. Distinct
institutional structures are examined within their historical
contexts. This landmark text will continue to be an invaluable
resource for students, teachers, and researchers in the fields of
development economics and development studies.
Written by two leading scholars, this book provides a detailed
analysis of Mexico's political economy. James M. Cypher and Raul
Delgado Wise begin with an examination of Mexico's pivotal economic
crisis of the 1980s and the consequent turn toward an export-led
economy, later anchored by NAFTA. They show how Mexico, after
abandoning frequently successful past practices of state-led
development, disastrously tied its future to an unconditional
reliance on foreign corporations to promote an export-led growth
strategy. Focusing on Mexico's cheap labor export model, the
authors use the maquiladora sector and the auto industry as case
studies of the perils of globalization the "race to the bottom" as
capital becomes ever more international. The government's
unconstrained free-market policies, they convincingly argue, have
resulted in a fragmented economy marked by stagnation, falling
wages, informal part-time employment, and massive migration, which
define daily life for all but a tiny minority.
Written by two leading scholars, this book provides a detailed
analysis of Mexico's political economy. James M. Cypher and Raul
Delgado Wise begin with an examination of Mexico's pivotal economic
crisis of the 1980s and the consequent turn toward an export-led
economy, later anchored by NAFTA. They show how Mexico, after
abandoning frequently successful past practices of state-led
development, disastrously tied its future to an unconditional
reliance on foreign corporations to promote an export-led growth
strategy. Focusing on Mexico's cheap labor export model, the
authors use the maquiladora sector and the auto industry as case
studies of the perils of globalization-the "race to the bottom" as
capital becomes ever more international. The government's
unconstrained free-market policies, they convincingly argue, have
resulted in a fragmented economy marked by stagnation, falling
wages, informal part-time employment, and massive migration, which
define daily life for all but a tiny minority.
For the past twenty-eight years I have traveled to and periodically
lived in Mexico. As an extranjero I have enjoyed the advantage of
association with nearly every social strata-from descamisados in
ciudades perdidas to members of the elite. These have been my
maestros, and I owe them a great deal.
Contents: Part 1: An Overview of Economic Development 1. The Development Imperative 2. Measuring Economic Growth and Development 3. Development in Historical Perspective Part 2: Theories of Development and Underdevelopment 4. Classical and Neoclassical Theories 5. Developmentalist Theories of Economic Development 6. Heterodox Theories of Economic Development Part 3: Structural Transformation 7. The State as a Potential Agent of Transformation 8. Endogenous Growth Theories and New Strategies for Development 9. The Initial Structural Transformation: the Industrialization Process 10. Strategy Switching and Industrial Transformation 11. Agriculture and Development 12. Population, Education and Human Capital 13. Technology and Development Part 4: Problems and Issues 14. Transnational Corporations and Economic Development 15. Macroeconomic Equilibrium: the Internal Balance 16. Macroeconomic Equilibrium: the External Balance 17. The Debt Problem and Development 18. International Institutional Linkages: the IMF, World Bank and Foreign Aid
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