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Article: Capital Concentration and Market Power in Mexico's Manufacturing Industry: Has Trade Liberalization Made a Difference?
- Article from:
- Journal of Economic Issues
- Article date:
- September 1, 2001
- Author:
CopyrightCOPYRIGHT 2001 Association for Evolutionary Economics. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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"It's very sad ... We don't have a middle class in Mexico. We have the worst distribution of income in the world. We only compare with Africa." [1]
--Vicente Fox, President of Mexico
Mexico has long been known for its unequal distribution of income and wealth. Although several academic studies imply a tendency in the Mexican economy toward increasing concentration of wealth and growing polarization between regions, income groups, manufacturing sectors, and exporting companies vis-a-vis non-exporters (e.g., Morales et al. 1992; Dussel 1997; de la Garza Toledo 1998; Marichal 1997; Cruz Serrano 1991), few studies carry out an in-depth analysis of ...