European and Latin American Experiences
New Directions in Post-Keynesian Economics series
Edited by Noemi Levy and Etelberto Ortiz
Chapter 11: The accumulation mode of production in Mexico and the economic structure of the manufacturing industry
In the chapter, ‘The accumulation mode of production in Mexico and the economic structure of the manufacturing industry,’ the author discusses the stagnation of productivity of the workforce in relation to the dominance of large corporations that are connected to global commodity chains and use global competitive advantages to maximize profits; meanwhile, small and medium enterprises compete on the basis of lower costs (wages), which reduces the growth of accumulation and productivity.
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