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From Entrepreneurial State To State Of Entrepreneurs: Ownership Implications Of The Transformation In Mexican Governance Since 1982

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  • José G. Vargas-Hernandez

Abstract

This paper has the aim to analyze the ownership implications of the transformation in Mexican governance since 1982. The turning point of the implementation of a new model of development was prompted by the Mexican State financial crisis of 1982, after a period of steady economic growth. The entrepreneurial State since then has been under the attack of new business elite, who are the direct beneficiaries of the massive transfer of public assets and change in ownership from public property to private property. The Mexican State is now captive under the interests of entrepreneurs rule and governance. This paper brings some specific cases related with the change in ownership in the land property, the banking and financial system, the telecom company TELMEX, airlines, etc. The effects of this change in ownership are evident. A weak system of regulatory agencies and mismanagement of privatization programs has ended in private monopolies, low economic growth, uneven social development, political instability, alarming increment of insecurity, social unrest, etc.

Suggested Citation

  • José G. Vargas-Hernandez, 2009. "From Entrepreneurial State To State Of Entrepreneurs: Ownership Implications Of The Transformation In Mexican Governance Since 1982," LARES lares2009_289-353-1-rv, Latin American Real Estate Society (LARES).
    • Handle: RePEc:lre:wpaper:lares2009_289-353-1-rv
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    More about this item

    Keywords

    change in ownership; Entrepreneurial State; Mexico; state of entrepreneurs;
    All these keywords.

    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

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