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Corn and Mexican Agriculture: What Went Wrong?
Author(s) -
Avalos Antonio,
Graillet Eduardo
Publication year - 2013
Publication title -
american journal of economics and sociology
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.199
H-Index - 38
eISSN - 1536-7150
pISSN - 0002-9246
DOI - 10.1111/j.1536-7150.2012.00873.x
Subject(s) - agriculture , government (linguistics) , economic policy , salient , business , debt , economic sector , agricultural economics , economics , political science , economy , finance , geography , philosophy , linguistics , archaeology , law
The debt crisis of the 1980s caused the development strategy pursued by the M exican government to be subject to a radical adjustment process that triggered deep repercussions for the agricultural sector and its farmers, particularly in the corn sector. In combination with the aggressive agricultural policies sustained by the U.S. government, the new approach meant that M exican agriculture operated within an economic environment characterized by significant asymmetries and distortions, some internal and some imposed by major trading partners. This article summarizes and documents the most salient results of these policy events as well as their implications for the corn sector, and discusses some of the challenges to repair the agricultural sector in M exico.