Industrialization and Private Enterprises in Mexico
Occasional Papers Series
Since the economic reforms in the 1980s, Mexico's indigenous enterprise groups have accelerated their growth and contributed much to the country's economic development. The author's view is that such significant growth has been possible because of the capabilities these enterprise groups had acquired during what she terms the "brewing period," Mexico's formative industrialization period that went back to the start of the twentieth century. In this book the author examines this brewing period, using empirical research to analyze the formation and development process of indigenous enterprise groups, and to examine the features that have characterized their growth. She then discusses the mutual effects that the growth of indigenous enterprises and the industrialization process have exerted on each other.
A particularly important characteristic of Mexico's economy has been its oligopolistic industrial structure. To grasp an understanding of the overall behavior of Mexican industry, the author examines the behavior of a number of specific large-scale enterprises which represent the economy's major industries. These enterprises are Cuauhtémoc in the beer brewing industry, Fundidora and Hylsa in the steel industry, the Bimbo group in the baking industry, Grupo México in the mining industry, and Spicer of the Desc group in the autoparts manufacturing industry.
After elucidating the characteristics of these enterprises and the basic features of Mexico's industrialization, the author argues that understanding these traits will be vital for estimating the prospects of Mexico's economy under the neo-liberal development strategy that the government is now pursuing.