The particular issue that the Mexican state has emphasized as the basis of its legitimacy has changed with its role in the political economy. Consistent with the thesis that each accumulation model is characterized by a particular ideology, the state will now claim a different dimension of the...

Because of their investment in long-lived assets with little value in alternative uses, special attention to meeting the terms of the regulatory compact is appropriate. This need not always take the form of full-blown rate casesâthere are more targeted tools as well. Targeted and formula-based...