- List of Figures
- List of Tables
- Notes on Contributors
- Foundations of Business Groups: Towards an Integrated Framework
- Business Groups in Historical Perspectives
- Business Groups in Prewar Japan: Historical Formation and Legacy
- Business Networks in Postwar Japan: Whither the <i>Keiretsu</i>?
- Business Groups in South Korea
- Business Groups in Taiwan
- Business Groups in China
- Business Groups in Thailand
- Business Groups in Singapore
- Business Groups in India
- Business Groups in Argentina
- Business Groups in Brazil
- Business Groups in Chile
- Business Groups in Mexico
- Business Groups in Israel
- Business Groups in Turkey
- Business Groups in Russia
- Business Groups in South Africa
- Business Groups in Emerging Markets: Paragons or Parasites?
- The Riddle of the Great Pyramids
- Economic Institutions and the Boundaries of Business Groups
- Business Groups and the State: The Politics of Expansion, Restructuring, and Collapse
- Corporate Governance of Business Groups
- The Kin and the Professional: Top Leadership in Family Business Groups
- Diversification Strategy and Business Groups
- Capability Building in Business Groups
- Technological Innovation and Business Groups
Abstract and Keywords
The purpose of this article is to reveal the reasons behind the growth of large Mexican business groups and the changes in their characteristics under the neo-liberal economic reforms and intensified competition that have occurred since the second half of the 1980s. Mexico experienced the emergence and growth of business groups during the process of import substitution industrialization (ISI). They are generally called grupos económicos, or economic groups, and have played important roles as actors of economic development. In the literature on Mexican business groups that focused on their growth in the period of ISI, as in the standard arguments for the emergence of business groups, their emergence was explained as a response by Mexican capitalists to conditions imposed by economic underdevelopment. Business groups also benefited from protection from international competition because of the government policies on trade and foreign direct investment.
Taeko Hoshino is Deputy Director‐General of the Area Studies Center, Institute of Developing Economies, Japan. Her research interests include the Mexican economy, Mexican business groups, and the business history of developing countries. She has published in such journals as Developing Economies and Ajia Keizai. She is the author of Industrialization and Private Enterprises in Mexico (Institute of Developing Economies, 2001), and also the editor of La restructuración industrial en México, el caso de la industria de autopartes (El Colegio de México, 1993), and The Transformation of the Business Sector under Economic and Political Reforms: The Case of Mexico (Institute of Developing Economies, 1997).
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