Chapter

Ramblings on Mexican Underdevelopment

RAMóN EDUARDO RUIZ

in Mexico

Published by University of California Press

Published in print August 2010 | ISBN: 9780520262355
Published online March 2012 | e-ISBN: 9780520947528 | DOI: http://dx.doi.org/10.1525/california/9780520262355.003.0001
Ramblings on Mexican Underdevelopment

Show Summary Details

Preview

Underdevelopment is commonly associated with poverty, but it is more than that. Underdevelopment means an extremely unequal distribution of wealth and income. Capitalism has created a core of wealthy nations and, on their periphery, poor or moderately poor countries, among them Mexico. Underdeveloped countries do not simply dwell at an earlier point on the road taken by modern industrial states, but remain entrapped in a subservient role in a world capitalist economy. Underdevelopment afflicts a country that does not simply depend on the exports of what the land offers but also relies on a single market, the United States in the case of Mexico. That market decides the volume and character of the purchases and sets prices. In that manner, Americans dictate the nature of Mexico's subservient economy. This formula spells economic domination. It is the legacy of colonialism, when the Western powers saw the peripheral world as a source of cheap raw materials and food as well as a market for their manufactures. Yet economics alone, overwhelming as it is, cannot fully explain Mexico's underdevelopment.

Keywords: Mexico; underdevelopment; capitalism; poverty; economics; United States; colonialism; subservient economy; wealth; income

Chapter.  5896 words. 

Subjects: History of the Americas

Full text: subscription required

How to subscribe Recommend to my Librarian

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.