Introduction: Mexico's political economy -- Trade: from closure to opening -- Foreign direct investment and finance: from resistance to welcome -- Narcotics: effect of profits from U.S. consumption -- Energy: the oil is ours -- Migration: a consequence of inequality -- The border: a phenomenon...

"The book examines why able economic managers in Mexico, on the basis of contemporaneous information in their possession, made the decisions they did, and with such disastrous consequences. The major conclusion is that decision-making was heavily influenced by the cultural milieu in Mexico,...