IDEAS home Printed from https://ideas.repec.org/a/taf/rapaxx/v27y2005i2p221-238.html

Questions of Ownership: Social Implications of the Mexican Privatisation Programme

Author

Listed:
  • Vargas-Hernández

Abstract

This article analyses the social implications of ownership changes involving state-owned enterprises and land in Mexico. The changes involved have led to foreign investors owning the most profitable enterprises that were formerly state-owned, and the associated spirit of globalisation of business has terminated any sentiment of national capitalism. The policy of privatisation has not achieved the stated aims of increasing economic growth and development, but has rather turned Mexico into a subsidiary economy owned and managed by transnational and multinational corporations. This result runs counter to the declared aim of contributing to the economic development of the country, and brings few benefits to society. The paradox is that, if good performance under privatisation is required, it can only be achieved if the state-owned enterprises are so well managed that there is no need to privatise them.

Suggested Citation

  • Vargas-Hernández, 2005. "Questions of Ownership: Social Implications of the Mexican Privatisation Programme," Asia Pacific Journal of Public Administration, Taylor & Francis Journals, vol. 27(2), pages 221-238, December.
    • Handle: RePEc:taf:rapaxx:v:27:y:2005:i:2:p:221-238
    DOI: 10.1080/23276665.2005.10779309
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/23276665.2005.10779309
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/23276665.2005.10779309?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    References listed on IDEAS

    as
    1. Rafael La Porta & Florencio López-de-Silanes, 1999. "The Benefits of Privatization: Evidence from Mexico," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 114(4), pages 1193-1242.
    2. Feigenbaum,Harvey & Henig,Jeffrey & Hamnett,Chris, 1998. "Shrinking the State," Cambridge Books, Cambridge University Press, number 9780521630801, Enero-Abr.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ryan Nehring, 2012. "Linking Social Protection and Agricultural Production: The Case of Mexico," Policy Research Brief 21, International Policy Centre.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Haikun Zhu, 2018. "Social Stability and Resource Allocation within Business Groups," Working Papers Series 79, Institute for New Economic Thinking.
    2. Zabaloy, Maria Florencia & Viego, Valentina, 2022. "Household electricity demand in Latin America and the Caribbean: A meta-analysis of price elasticity," Utilities Policy, Elsevier, vol. 75(C).
    3. Arouri, Mohamed & Boubaker, Sabri & Grais, Wafik & Grira, Jocelyn, 2018. "Rationality or politics? The color of black gold money," The Quarterly Review of Economics and Finance, Elsevier, vol. 70(C), pages 62-76.
    4. Orietta DESSY & Massimo FLORIO, 2004. "Workers' earnings in the UK before and after privatisation: a study of five industries," Departmental Working Papers 2004-13, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
    5. Paul G. Hare & Junior R. Davis, 2006. "Institutions and Development: What We (Think We) Know, What We Would Like to Know," CERT Discussion Papers 0603, Centre for Economic Reform and Transformation, Heriot Watt University.
    6. O'Toole, Conor M. & Morgenroth, Edgar L.W. & Ha, Thuy T., 2016. "Investment efficiency, state-owned enterprises and privatisation: Evidence from Viet Nam in Transition," Journal of Corporate Finance, Elsevier, vol. 37(C), pages 93-108.
    7. Claessens,Constantijn A. & Djankov, Simeon, 1998. "Politicians and firms in seven central and eastern European countries," Policy Research Working Paper Series 1954, The World Bank.
    8. Paul H. Jensen & Robin E. Stonecash, 2004. "The Efficiency of Public Sector Outsourcing Contracts: A Literature Review," Melbourne Institute Working Paper Series wp2004n29, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne.
    9. Ghulam, Yaseen, 2021. "Institutions and firms’ technological changes and productivity growth," Technological Forecasting and Social Change, Elsevier, vol. 171(C).
    10. Gong, Stephen X.H. & Cullinane, Kevin & Firth, Michael, 2012. "The impact of airport and seaport privatization on efficiency and performance: A review of the international evidence and implications for developing countries," Transport Policy, Elsevier, vol. 24(C), pages 37-47.
    11. Belkhir, Mohamed & Ben-Nasr, Hamdi, 2016. "Labor protection and the privatization or partial privatization method," International Review of Economics & Finance, Elsevier, vol. 44(C), pages 305-322.
    12. Raymond Fisman & Yongxiang Wang, 2015. "Corruption in Chinese Privatizations," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 31(1), pages 1-29.
    13. Bosch, Mariano & Manacorda, Marco, 2008. "Minimum wages and earnings inequality in urban Mexico. Revisiting the evidence," LSE Research Online Documents on Economics 19561, London School of Economics and Political Science, LSE Library.
    14. Chen, Charles J.P. & Du, Jun & Su, Xijia, 2014. "A game of accounting numbers in asset pricing: Evidence from the privatization of state-owned enterprises," Journal of Contemporary Accounting and Economics, Elsevier, vol. 10(2), pages 115-129.
    15. Sebastian Galiani & Paul Gertler & Ernesto Schargrodsky, 2005. "Water for Life: The Impact of the Privatization of Water Services on Child Mortality," Journal of Political Economy, University of Chicago Press, vol. 113(1), pages 83-120, February.
    16. Tatahi, Motasam, 2010. "Enterprise Performance, Privatization and the Role of Ownership in Italy," MPRA Paper 27059, University Library of Munich, Germany.
    17. Diana Oliveros & Mauricio Mendoza, 2013. "¿Es la privatización la solución a los problemas de ineficiencia de las empresas públicas?: Revisión de la literatura," Revista Lebret, Universidad Santo Tomás - Bucaramanga.
    18. Bonnet, Céline & Dubois, Pierre & Martimort, David & Straub, Stéphane, 2009. "Empirical Evidence on Satisfaction with Privatization in Latin America: Welfare Effects and Beliefs," TSE Working Papers 09-020, Toulouse School of Economics (TSE).
    19. Schnytzer, Adi & Andreyeva, Tatiana, 2002. "Company performance in Ukraine: is this a market economy?," Economic Systems, Elsevier, vol. 26(2), pages 83-98, June.
    20. Zhang, Yufei & Liu, Deqiang, 2024. "China's mixed-ownership reform and SOE profitability," Economic Analysis and Policy, Elsevier, vol. 83(C), pages 496-520.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:rapaxx:v:27:y:2005:i:2:p:221-238. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/RAPA20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.