European and Latin American Experiences
- New Directions in Post-Keynesian Economics series
Edited by Noemi Levy and Etelberto Ortiz
Chapter 10: The Mexican economy in 2014: between crisis, free trade, social devastation and labor precarization
AbstractIn the chapter, 'The Mexican economy in 2014: between the crisis, free trade, social devastation and labor precarization,' the authors delineate two central arguments. First, the effects of prolonged application of neoliberal formulas in public policies and second, the impact on workers' wages of labor and working conditions of developed and developing economies. These issues are discussed by the authors in light of the various trade agreements promoted by the USA and Mexico after the 2008 crisis that served the USA in regaining its hegemony and the links to the Mexican social conditions, highlighting the social devastation that has been taken place in recent years. The authors give particular attention to the multi-regional integration that deepens the free trade programs by means of various legal and political instruments: the Trans-Pacific Partnership (TPP), the Trans-Atlantic Trade and Investment Partnership (TTIP) and the Trade in Services Agreement (TISA).
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