The Natural Resource Curse and Financial Development Of Mexico

Mutis AP & Pérez-Guzmán K (2019). The Natural Resource Curse and Financial Development Of Mexico. In: Financialisation in Latin America Challenges of the Export-Led Growth Model. Eds. Levy, N. & Bustamante, J., pp. 158-176 New York: Routledge. ISBN 978-1-138-61453-6

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Abstract

Decades of literature have explored the idiosyncratic challenges of exportled economic growth, especially in the case of relative wealth and the exports of commodities, which remains a central theme for Latin American countries. The economic, social and political effects of such international specialisation have been studied from different analytical perspectives by development economists, at least since the Great Depression and the end of World War II, using different versions of the unequal development, unequal exchange and the dependency schools. The theoretical issue that affects models such as Heckscher-Ohlin’s, or the implications from Ricardo’s and other relevant contributions, is as follows: Does free trade or export-led growth benet all trading countries in the same manner?

Item Type: Book Section
Research Programs: Advanced Systems Analysis (ASA)
Depositing User: Luke Kirwan
Date Deposited: 07 Jan 2019 08:24
Last Modified: 02 Apr 2019 10:34
URI: http://pure.iiasa.ac.at/15656

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