Oil Neoliberalism in Mexico's Foreign Economic Policy

The objective of the article is to analyze the importance that neoliberalism has had as a development policy for Mexico and a commercial and sovereign element for the country and its oil industry, from the results compared with the Import Substitution Industrialization policy applied in the forty ye...

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Detalles Bibliográficos
Autor: Tah. Ayala, Einer David
Tipo de recurso: artículo
Estado:Versión publicada
Fecha de publicación:2020
País:México
Institución:UNIVERSIDAD AUTÓNOMA DE NUEVO LEÓN
Repositorio:Política, Globalidad y Ciudadanía
Idioma:inglés
OAI Identifier:oai:revpoliticas.uanl.mx:article/124
Acceso en línea:https://revpoliticas.uanl.mx/index.php/RPGyC/article/view/124
Access Level:acceso abierto
Palabra clave:Export
Foreign Policy
Import
Mexican Oil
Neoliberalism.
Exportación
Importación
Neoliberalismo
Petróleo mexicano
Política exterior.
Descripción
Sumario:The objective of the article is to analyze the importance that neoliberalism has had as a development policy for Mexico and a commercial and sovereign element for the country and its oil industry, from the results compared with the Import Substitution Industrialization policy applied in the forty years prior to its application. For this analysis, the amount of reserves, production, exports and imports of crude and derived products, in quantity, income and expenses, as well as the international oil price and the alternative policies proposed by the government of Andrés Manuel López Obrador were compared. As a result, the paper found that neoliberalism increased production and reserves and -in the first instance- also revenues, but over time also increased imports of refined and chemical products and decreased revenues making the company, beside with the structural reforms of 2013, a kind of oil cluster. For that reason, President López Obrador proposed changing the oil system and returning to the resource protection policy as a sovereign element, although analysts do not agree with the first actions of his government.