Downsizing the State

Downsizing the State

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Beginning in 1983, the Mexican government implemented one of the most extensive programs of market-oriented reform in the developing world. Downsizing the State examines a key element of this reform program: the privatization of public firms. Drawing upon interviews with government officials, business executives, and labor leaders as well as data from government archives and corporate documents, MacLeod highlights the difficulties of linking market reforms to improved public welfare. Privatization failed to live up to its promise of raising living standards or decentralizing the economy. Indeed, privatization actually increased the concentration of wealth in Mexico while redirecting the economy toward foreign markets. These findings contribute to theoretical debates regarding state autonomy and the embeddedness of economic action. MacLeod calls into question the autonomy of the Mexican state in its privatization program. He shows that the creation of markets where public firms once dominated has involved both the destruction of social relations and the construction of new relations and institutions to regulate the market.Still, the historical record of the railroads a€” their labor problems, financial insolvency, and operational difficulties ... the length of the railroad in a Chevrolet Suburban fitted with rail wheels and checking the quality of the track bed, the rails , and ... registered to review the information contained in the data room by May 1996, only one other joint venture had been negotiated apart from the TMM-KCS alliance.

Title:Downsizing the State
Author:Dag MacLeod
Publisher:Penn State Press - 2010-11-01


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