This book is the first comprehensive and systematic English-language treatment of Mexico's economic history to appear in nearly forty years. Drawing on several years of in-depth research, Juan Carlos Moreno-Brid and Jamie Ros, two of the foremost experts on the Mexican economy, examineMexico's current development policies and problems from a historical perspective. They review long term trends in the Mexican economy and analyze past episodes of radical shifts in development strategy and in the role of markets and the state. Their book provides an overview of Mexico's economicdevelopment since Independence that compares the successive periods of stagnation and growth that alternately have characterized Mexico's economic history. It gives special attention to developments since 1940 and presents a re-evaluation of Mexico's development policies during the State-ledindustrialization period from 1940 to 1982 and during the more recent market reform process. This re-evaluation is critical of the dominant trend in the economic literature and revisionist by arguing that in particular, the market reforms undertaken by successive Mexican governments since 1983, havenot addressed the fundamental obstacles to economic growth. Development and Growth in the Mexican Economy: An Historical Perspective also details the country's pioneering role in launching NAFTA, its membership in the OECD, and its radical macroeconomic reforms. Carefully argued and meticulously researched, the book presents a wide-ranging, authoritativestudy that not only pinpoints problems, but also suggests solutions for removing obstacles to economic stability and pointing the Mexican economy toward the road to recovery.