Journal of Economics and Development Studies

The Uniqueness of the Deindustrialisation Process in Mexico, (1990-2023)
Benjamin Garcia Paez

Abstract
The research verifies that a re-specialisation of the economy away from manufactures towards extractive or service activities is underway in Latin America and, by electing Mexico within a sample of countries, highlights its contrasting generative features of deindustrialisation off the average pattern followed by the others during the 1994-2023 period. It is reported as follows. First introduces the issue of deindustrialisation and why it matters. Second examines the Mexico‘s distinctive experience of deindustrialisation. Third sets out the basics of deindustrialisation. Fourth attempts to quantify the factors responsible for the decline of the manufacturing employment and product shares in the countries sampled. Fifth analyses and discusses the results obtained and concludes that the Mexican economy has had a premature deindustrialisation, i.e. at lower levels of per-capita GDP but not throughout out the sector nor neither moving away from industries into primary or services sectors as it has been the standard by the other economies surveyed. Sixth delineates a targeted strategy to level up the performance as of the traditional as the advanced segments of the manufacturing subsector whilst strengthening productivity, skills digitalization and technology throughout the industrial sector. And, seventh concludes that the new industrial strategy needed must overcome the stagnant output situation in the traditional industry, ensure positive externalities from modern industry permeate the whole industrial sector.

Full Text: PDF     DOI: 10.15640/jeds.v10n1a3