Economics, Econometrics and Finance
8 years ago

Mexican Privatisation Programme Turns Country into Subsidiary Economy Owned by Corporations

Asia Pacific Journal of Public Administration
Questions of Ownership: Social Implications of the Mexican Privatisation Programme
José G. Vargas‐Hernández

Paper Summary

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The article discusses how the privatisation of state-owned enterprises in Mexico has led to foreign investors owning profitable businesses, shifting the country towards a globalised economy. This has not resulted in the expected economic growth and development, but rather made Mexico reliant on multinational corporations. The paradox is that for privatisation to succeed, state-owned enterprises must already be well-managed, negating the need for privatisation.