Chapter

Epilogue

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/9780520262355.003.0011
Epilogue

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This book has explored the reasons why Mexico is underdeveloped. The ills of underdevelopment took centuries to arise; they did not appear overnight. The gargantuan cracks in the social and economic edifice are old and deep. Exploitation by foreign powers, first Great Britain and then the United States, has played a pivotal role. The reliance on exports of primary goods has blocked any possibility of fundamental economic and social change. Mexicans have created for themselves a semicolonial economy. Like a beggar asking for alms, they rely on foreign investment and exports to generate growth. Exports alone account for almost a third of the country's gross domestic product; 90 percent of them are exported to markets on the other side of the border. The North American Free Trade Agreement (NAFTA) perpetuates this asymmetrical relationship.

Keywords: Mexico; United States; underdevelopment; NAFTA; exports; social change; foreign investment; gross domestic product

Chapter.  2798 words. 

Subjects: History of the Americas

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