From entrepreneurial state to state of entrepreneurs: Ownership implications of the transformation in Mexican governance since 1982

Abstract

This paper aims to analyze the ownership implications of the transformation in Mexican governance since 1982. The
turning point of the implementation of a new model of development was prompted by the Mexican State financial
crisis of 1982, after a period of steady economic growth. The entrepreneurial State since then has been under the
attack of new business elite, who are the direct beneficiaries of the massive transfer of public assets and change in
ownership from public property to private property. The Mexican State is now captive under the interests of
entrepreneurs rule and governance. This paper brings some specific cases related with the change in ownership in
the land property, the banking and financial system etc. A weak system of regulatory agencies and mismanagement
of privatization programs has ended in private monopolies, low economic growth, uneven social development,
political instability, alarming increment of insecurity, social unrest, etc.