Business Groups in Mexico

Taeko Hoshino

in The Oxford Handbook of Business Groups

Published in print August 2010 | ISBN: 9780199552863
Published online September 2010 | | DOI:

Series: Oxford Handbooks in Business and Management

Business Groups in Mexico

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  • Business and Management
  • Organizational Theory and Behaviour
  • International Business



The purpose of this article is to reveal the reasons behind the growth of large Mexican business groups and the changes in their characteristics under the neo-liberal economic reforms and intensified competition that have occurred since the second half of the 1980s. Mexico experienced the emergence and growth of business groups during the process of import substitution industrialization (ISI). They are generally called grupos económicos, or economic groups, and have played important roles as actors of economic development. In the literature on Mexican business groups that focused on their growth in the period of ISI, as in the standard arguments for the emergence of business groups, their emergence was explained as a response by Mexican capitalists to conditions imposed by economic underdevelopment. Business groups also benefited from protection from international competition because of the government policies on trade and foreign direct investment.

Keywords: Mexican business groups; neo-liberal economic reforms; import substitution industrialization; grupos económicos; economic groups

Article.  11469 words. 

Subjects: Business and Management ; Organizational Theory and Behaviour ; International Business

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