At what speed should Mexican agriculture be incorporated into the North American Free Trade Agreement (FTA)? What policies should characterize the transition? We use Mexican agriculture as a case study to analyse the transition problems that arise in most major economic reforms. In particular,...

How fast should Mexican agriculture be incorporated into the North American Free Trade Agreement? The authors focus on the implications for policy design of the absence of efficient capital markets on the welfare costs of reforming gradually, on incentive problems created by trade adjustment...

Setting the price of maize in rural Mexico above the world price is inefficient and likely to have negative distributional effects because many subsistence producers, and all landless workers, are net buyers; in fact it screens out the relatively poor rather than the relatively rich. The policy...

Introducción. La adopción de un sistema de tipo de cambio múltiple (STCM) es un fenómeno ampliamente observado en los países menos desarrollados (PMD). Puede Implementarse un STCM para proporcionar protección, recaudar ingresos o promover las exportaciones (véase Bhagwati y Krueger,...

The desing of a regional development policy for the southeast of Mexico should go beyond and increase in social expenditure: it requires a trough policy review to attack the structural problems which have inhabited the region’s economic development. This paper presents evidence of social and...

The authors use Mexican agriculture as a case study to analyze the transition problems that arise in most major economic reforms. They focus on the implications for policy design of the absence of efficient capital markets; on the welfare costs of reforming only gradually; on incentive problems...