La economía mexicana, un lento proceso de reestructuración

With an agressive openess and numerous trade agreements signed, this has not had the desired effect or the results have been very poor in terms of growth. The research provides evidence that the policies of trade liberalization and NAFTA, as well as a devaluation process and the flexibility of the exchange rate contribute to the creation of a dual model, highly dynamic manufacturing exports with a surplus trade balance with U.S and a poor GDP performance. Moreover, the decline in the real interest rate has not stimulated the Gross Fixed Capital Formation, and the manufacturing exporting low value-added model is unchanged, emphasizing the dependence on imports of intermediate goods. It is shown that the effect of the policy of fiscal balance may be associated with low rates of accumulation.