The Financialization Response to Economic Disequilibria
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The Financialization Response to Economic Disequilibria European and Latin American Experiences

European and Latin American Experiences

  • New Directions in Post-Keynesian Economics series

Edited by Noemi Levy and Etelberto Ortiz

Europe and Latin America’s social and economic stagnation is a direct result of the unresolved phenomena of the financialization crisis that broke out in 2008 in developed countries. Editors Noemi Levy and Etelberto Ortiz analyze the limitations of economic growth and development under capitalist economic organizations where financial capital is dominant, as well as explore alternative economic policies.
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Chapter 9: The limits of the export-led growth model: the Mexican experience

Etelberto Ortiz

Abstract

In the chapter, ‘The limits of the export-led growth model: the Mexican experience,’ the author analyses the consequences of the export model that placed manufacturing at the center of international trade in the Mexican economy, without creating linkages between traditional and leading productive sectors, and without establishing economic policies that strengthen the manufacturing sector. In light of a combination of theories, he analyses the limitations of economic growth and reviews possible alternatives to promote successful economic growth.

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