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Institutions and Investment: The Political Basis of Industrialization in Mexico Before 1911 (review)

This important new monograph in Stanford's outstanding Social Science History series analyzes the precocious development of deliberate policies to foster importsubstituting industrialization (ISI) in Mexico. Beatty shows that in the 1890s the government of Porfirio Diaz consciously manipulated tariff policies to protect and foster Mexican industry, reformed patent laws in an effort to promote the transfer of useful technologies to Mexico, and adopted a menu of tax exemptions and other aid to help new industries. Porfirian industrialization accelerated, Beatty argues, not as a mere side effect of successful export-led growth but as a consequence of active government intervention.