Publications
Publications
- March 2014 (Revised June 2015)
- HBS Case Collection
Can Mexico Make Democracy Work?
By: Gunnar Trumbull and Jonathan Schlefer
Abstract
Enrique Peña Nieto, the presidential candidate of the old Mexican ruling party elected in 2012, passed the most fundamental reforms in at least two decades. They included allowing private competition in the energy sector, including with the state-owned oil company, Pemex; strengthening competition in the telecoms industry; promoting private-bank and public development-bank lending. Also, political reforms allowed re-election (formerly prohibited) to all legislative posts, and gave key regulatory agencies independence from the executive. Would these reforms actually be implemented on the ground? Would they achieve good growth for more jobs and better income distribution? Would they finally make Mexican democracy work, or partly restore the hegemony of the old ruling party?
Keywords
Democratization; Economic Development; Competition Policy; Exchange Rates; Comparative Advantage; Growth and Development; Government Legislation; Political Elections; Economic Growth; Governing Rules, Regulations, and Reforms; Energy Industry; Communications Industry; Banking Industry; Latin America; Mexico
Citation
Trumbull, Gunnar, and Jonathan Schlefer. "Can Mexico Make Democracy Work?" Harvard Business School Case 714-049, March 2014. (Revised June 2015.)