1.

Record Nr.

UNINA9910984627403321

Autore

Galindo Rodriguez Jose

Titolo

Ethnic Entrepreneurs, Crony Capitalism, and the Making of the Franco-Mexican Elite / Jose Galindo

Pubbl/distr/stampa

Tuscaloosa : , : The University of Alabama Press, , [2021]

Baltimore, Md. : , : Project MUSE, , 2021

©[2021]

ISBN

9780817320805

0817320806

Edizione

[1st ed.]

Descrizione fisica

1 online resource

Disciplina

330.972081

Soggetti

Politics and government

French

Entrepreneurship - Moral and ethical aspects

Capitalism - Moral and ethical aspects

Business enterprises, Foreign

Business and politics

Business enterprises, Foreign - Mexico - History

French - Mexico - History

Entrepreneurship - Moral and ethical aspects - Mexico - History

Business and politics - Mexico - History

Capitalism - Moral and ethical aspects - Mexico - History

History

Mexico

Mexico Politics and government

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Nota di contenuto

Intro -- Contents -- List of Illustrations -- Preface -- Acknowledgments -- List of Abbreviations -- Introduction -- Chapter One. The Development of the French Business Community in Mexico during the Nineteenth Century -- Chapter Two. Crony Capitalism in the Late Nineteenth and Early Twentieth Centuries: General and Theoretical



Considerations -- Chapter Three. The Expansion of a Successful French Business Family in Mexico -- Chapter Four. Labor, the Decline of the Textile Business, and the Future of Foreign Immigrants in Mexico -- Chapter Five. Reflections on Corruption in Mexico -- Conclusion -- Notes -- Bibliography -- Index.

Sommario/riassunto

"This work provides a new way to understand the scope and impact of crony capitalism on institutional development in Mexico. Beginning with the Porfiriato, the period between 1876 and 1911 named for the rule of President Porfirio Díaz, Jose Galindo identifies how certain behavioral patterns of the Mexican political and economic elite have repeated over the years, and analyzes aspects of the political economy that have persisted, shaping and at times curtailing Mexico's economic development. Strong links between entrepreneurs and politicians have allowed elite businessmen to receive privileged support, such as cheap credit, tax breaks, and tariff protection, from different governments and to run their companies as monopolies. In turn, successive governments have obtained support from businesses to implement public policies, and, on occasion, public officials have received monetary restitution. Galindo notes that Mexico's early twentieth-century institutional framework was weak and unequal to the task of reining in these systematic abuses. The cost to society was high and resulted in a lack of fair market competition, unequal income distribution, and stunted social mobility"--