International Joint Polish-Swedish Publication Service

The Impact of the Neoliberal Economic Model on the Development Process in Mexico (1994-2016)

Nikifor Lagunov, Stanislav Utkin, Benedikt Maksimov

Abstract

The historical study of the development economics in Mexico and an overview of the changes and improvements in the patterns of economic development in the country are very important due to the role and position of Mexico in the world today and especially its important position in the global economy which has been promoted to the eleventh largest economy in the world. Particularly, the controversial issues raised by Donald Trump, the newly elected President of the United States in connection with Mexico, once again put the country at the forefront. Regarding the Mexican economic jumps in recent years, the paper seeks to underline the development economics in Mexico in the historical context, with emphasis on developments over the past few decades in terms of the changes and effects of the global economic system, in particular, the neoliberal economic approach to this country. It has been surveyed and attempts to make the Mexican economic success a little clearer in recent years. Thus, the main research concern in this paper is the contemplation of the process of transformation in the patterns of development economics in Mexico with the aim of examining the various effects and consequences of the neoliberal developmental pattern of the country's economic development in recent decades.

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