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Politics after Neoliberalism: Reregulation in Mexico (Cambridge Studies in Comparative Politics)
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Binding: Paperback
Dewey Decimal Number: 320.97209049
EAN: 9780521688703
Edition: 1
ISBN: 0521688701
Label: Cambridge University Press
Manufacturer: Cambridge University Press
Number Of Items: 1
Number Of Pages: 272
Publication Date: May 22, 2006
Publisher: Cambridge University Press
Studio: Cambridge University Press
Editorial Review:
During the past two decades, virtually all developing countries shifted from state-led to market-oriented neoliberal economic policies. This book analyzes fresh evidence from Southern Mexico about the effects of this global wave of policy reforms. The evidence challenges the widely held view that these reforms have set countries on a convergent path toward unregulated markets. The analysis shows that free-market reforms, rather than unleashing market forces, trigger the construction of different types of new regulatory institutions with contrasting consequences for economic efficiency and social justice.
During the last two decades, virtually all developing countries shifted from state-led to market-oriented, neoliberal economic policies. This book analyzes fresh evidence from Southern Mexico about the effects of this global wave of policy reforms. The evidence challenges the widely held view that these reforms have set countries on a convergent path toward unregulated markets. The analysis shows that free-market reforms, rather than unleashing market forces, trigger the construction of different types of new regulatory institutions with contrasting consequences for economic efficiency and social justice.
During the last two decades, virtually all developing countries shifted from state-led to market-oriented, neoliberal economic policies. Moving beyond the well-studied questions of why countries choose neoliberal policies and how they implement them, this book analyzes fresh evidence from Mexico that shows that neoliberal reforms, rather than unleashing market forces, actually result in new regulatory institutions at the subnational level. To account for this finding, which cuts against mainstream economic theory, Richard Snyder proposes an analytic framework that explains how neoliberal reforms trigger two-step 'reregulation' processes. First, political entrepreneurs launch projects to build support coalitions by reregulating market, and second, societal groups respond to these projects by mobilizing to influence the terms of reregulation. Depending on the strengths and strategies of politicians and societal groups, reregulation results in different kinds of institutions for market governance with contrasting consequences for economic efficiency and social justice. By shifting the focus to the new institutions that have emerged, the analysis challenges the widely held view that these reforms have set countries on a convergent path toward laissez-faire markets.
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