U.S.‐MEXICO TRADE LIBERALIZATION AND ITS EFFECTS ON SMALL‐SCALE ENTERPRISES IN TWO DISTINCT REGIONS: WEST CENTRAL MEXICO AND THE TEXAS BORDER REGION COMPARED

Abstract

As has been widely recognized in the literature, the post‐war economic boom which drew to a close by the early 1970s has been followed by an intense period of industrial restructuring characterized by marked instability in all three major spheres of economic activity: production, distribution, and finance. This process has taken place both at the global level and at the level of national economies (Cardenas, 1990). It reflects a profound change in the mode of capitalist accumulation. Prior to the current round of restructuring, accumulation was taken to be principally the inward‐oriented task of each nation's own economy. Now, it seems that successful capital accumulation (i.e. development) depends most upon a nation's competitive integration into the world market for goods and services (Garrido, 1995). The present mode of accumulation implies an opening of national economies to international trade in commodities and capital, both among the advanced industrial nations and between the industrialized and the newly‐industrializing countries. This has generated a heightened degree of competition among countries and among firms, given that the easy movement of capital, goods, and services has allowed for real competition to emerge among dispersed places around the globe based upon their comparative financial and productive advantages.

Citation

Spener, D. (1996), "U.S.‐MEXICO TRADE LIBERALIZATION AND ITS EFFECTS ON SMALL‐SCALE ENTERPRISES IN TWO DISTINCT REGIONS: WEST CENTRAL MEXICO AND THE TEXAS BORDER REGION COMPARED", International Journal of Sociology and Social Policy, Vol. 16 No. 7/8, pp. 102-147. https://doi.org/10.1108/eb013265