Life Is Not Easy : Mexico's Quest for Stability and Growth

During the past 15 years, Mexico experienced what Latin America social scientist call a change in its "development model." Gone is the import-substitution industrialization model that had characterized Mexico since the 1930s. Instead, Mexico has become a fairly open economy in which state intervention is limited by a new legal and institutional framework. Under the new model, the tendency has been for the market to replace regulation, private ownership to replace public ownership, and competition, including that from foreign goods and investors, to replace protection