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- Title
Power, State, and Market in Mexico: A Polanyian Critique.
- Authors
Cuadra‐Montiel, Hector
- Abstract
This article offers a theoretical process-tracing exercise on the interaction between power, the state, and the market. Special attention is placed on how the historical trajectory of the state's political and economic developments has varied. The account developed is theoretically informed and illustrated by Mexico's trajectories of reform. The current trends toward the recommodification of economic activities and the roles of the state are developing tendencies, not exempt from undertows. Although social, political, and economic contradictions are mediated through crises, they are sorted in two broad and distinctive ways. In the first of these, major changes involve a decisive intervention of the state in which a new trajectory might be imposed, whereas in the second one, adaptation and reformist strategies solve and negotiate some minor moments of crises in the pursuit of softer transformations. Although corporatism and import substitution industrialization involved processes of decommodification of economic activities, the outward-oriented economic model meant a modification of the state's trajectory toward practices associated with processes of recommodification.
- Subjects
POWER (Social sciences); MEXICAN economy
- Publication
Latin American Policy, 2016, Vol 7, Issue 1, p5
- ISSN
2041-7365
- Publication type
Article
- DOI
10.1111/lamp.12088