In this paper, we derive three lessons from Mexico's experience. First, deep reforms like trade liberalization are not likely to happen by government decree. Instead, they usually come about when the unanimous blocking of reform by powerful elites breaks down. In the case of Mexico, this...

In this paper, we derive three lessons from Mexico's experience. First, deep reforms like trade liberalization are not likely to happen by government decree. Instead, they usually come about when the unanimous blocking of reform by powerful elites breaks down. In the case of Mexico, this...

En este ensayo se plantean tres lecciones de la experiencia de Mexico. Primero, no es probable que se realicen reformas profundas como la liberacion economica por un mero decreto gubernamental. Por lo contrario, tales reformas suelen ocurrir cuando se derrumba el bloqueo unanime de la reforma...

In this paper, we derive three lessons from Mexico's experience. First, deep reforms like trade liberalization are not likely to happen by government decree. Instead, they usually come about when the unanimous blocking of reform by powerful elites breaks down. In the case of Mexico, this...