The Political Economy of Transnational Power and Production

Mexico's Metamorphosis 1982-2022

James M. Cypher, Mateo Crossa

• Publisher: Routledge
• Year: 2023
• Print ISBN: 9781032309187
• eBook ISBN: 9781000914931
• Edition: 1
• Topic: Economics
• Subtopic: Business General
• Index: Economics

The Political Economy of Transnational Power and Production: Mexico's Metamorphosis 1982-2022

How and why Mexico's socioeconomic structure was transformed through plutocratic preferences, US corporate strategies, and ideology—all powering transnational processes of neoliberalization—are issues examined in this comprehensive, carefully documented publication covering four crucial decades of metamorphosis. The causes and consequences of the creation of a new, regional power bloc—the North American Free Trade Agreement (NAFTA)—are extensively examined.

Readers will benefit from the many important demystifications presented here, chronicling the asymmetric Mexico-US production system. The impacts of the new transnational structure for labor on both sides of the border are matters of centrality. Specialists and general readers alike will find an explicit and accessible account of the powerful forces opening access to and profiting from millions of low-wage workers enabling Mexico to become a strategic source of US imports. Portrayed by mainstream economists and major policy makers as a "win-win" triumph of "free trade" theory, this book documents the opposing reality imposed by NAFTA and the US-Mexico-Canada Free Trade Agreement on both the US and Mexican working classes. US economists foretold a dramatic narrowing of the income gap—the US would benefit; Mexico would benefit even more. But instead, the yawning gap increased for three decades, bringing devastation for workers while debilitating Mexico's national industrial base.

Table of contents

• Cover Page
• Half Title page
• Title Page
• Copyright Page
• Contents
• Figures
• Tables
• Focus Boxes
• Acknowledgments
• Acronyms
• Preface
• 1 The Remaking of Mexico: The State, Economic Elite, and US Capital 1982–92
• 2 From NAFTA to the PAN’s Implosion: Mexico Remade for US TNCs 1992–2012
• 3 Stagnation and Income Dispersion Sink New PRI and Fracture US Labor: 2012–8
• 4 López Obrador in Power, 2018–22: A Transformational or Conformational Moment?
• 5 Export-Led Accumulation: Paradoxes of the Leading Auto Sector
• 6 Petroleum: A Strategic Resource for Houston’s TNCs or Mexico?
• 7 Mining and Agriculture: Supporting Pillars of the Transnational Structure
• 8 Some Final Reflections on Dependence and Asymmetry
• References
• Index