Title Ethnic entrepreneurs, crony capitalism, and the making of the Franco-Mexican elite / José Galindo

Published Tuscaloosa : The University of Alabama Press, [2021] ©2021

Click on the following:
EBSCO eBooks

Copies

Description 1 online resource (xvi, 222 pages) : illustrations, maps Contents The development of the French business community in Mexico during the nineteenth century -- Crony capitalism in the late nineteenth and early twentieth centuries: general and theoretical considerations -- The expansion of a successful French business family in Mexico -- Labor, the decline of the textile business, and the future of foreign immigrants in Mexico -- Reflections on corruption in Mexico Summary "This work provides a new way to understand the scope and impact of crony capitalism on institutional development in Mexico. Beginning with the Porfiriato, the period between 1876 and 1911 named for the rule of President Porfirio Díaz, José Galindo identifies how certain behavioral patterns of the Mexican political and economic elite have repeated over the years, and analyzes aspects of the political economy that have persisted, shaping and at times curtailing Mexico's economic development. Strong links between entrepreneurs and politicians have allowed elite businessmen to receive privileged support, such as cheap credit, tax breaks, and tariff protection, from different governments and to run their companies as monopolies. In turn, successive governments have obtained support from businesses to implement public policies, and, on occasion, public officials have received monetary restitution. Galindo notes that Mexico's early twentieth-century institutional framework was weak and unequal to the task of reining in these systematic abuses. The cost to society was high and resulted in a lack of fair market competition, unequal income distribution, and stunted social mobility"-- Provided by publisher Bibliography Includes bibliographical references and index Notes Description based upon print version of record Subject Capitalism -- Moral and ethical aspects -- Mexico -- History Business and politics -- Mexico -- History Entrepreneurship -- Moral and ethical aspects -- Mexico -- History French -- Mexico -- History Business enterprises, Foreign -- Mexico -- History Politics and government French Entrepreneurship -- Moral and ethical aspects Capitalism -- Moral and ethical aspects Business enterprises, Foreign Business and politics SUBJECT Mexico -- Politics and government. http://id.loc.gov/authorities/subjects/sh85084603 Subject Mexico Genre/Form History Form Electronic book ISBN 9780817393366 0817393366

  Permalink