The seven main “stylized facts” of the Mexican economy since trade liberalization and NAFTA

Abstract

In Mexico, a remarkably dynamic expansion of exports has been associated with a surprisingly poor overall growth performance. Moreover, this collapse of the export multiplier took place in a context of both massive inflows of foreign direct investment and unrestricted market access to the US--the first two items on all developing countries' growth agenda today. Therefore, the study of Mexico is an ideal scenario within which to assess the impact of the new development model on growth and catching up. Copyright 2005, Oxford University Press.