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Government Versus Governance as a Framework to Analyze M exico's E nergy R eform Initiative and Key Comparisons in the World
Author(s) -
IbarraYunez Alejandro
Publication year - 2014
Publication title -
latin american policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.195
H-Index - 4
eISSN - 2041-7373
pISSN - 2041-7365
DOI - 10.1111/lamp.12034
Subject(s) - corporate governance , government (linguistics) , incentive , key (lock) , administration (probate law) , politics , public administration , political science , business , economics , economic system , finance , market economy , computer science , linguistics , philosophy , law , computer security
In M exico, President E nrique P eña N ieto's new administration has actively passed proposals to reform at least six key policy aspects of the country's economic life, arguing that it is moving toward efficient government and a new enhanced social orientation dearly needed in that society. Using the theoretical framework of the definition of government versus governance in political economy and organization, the strengths and potential weaknesses of the proposed reforms are put into perspective with emphasis on the energy reform passed in A ugust 2013, and under discussion in M exico's C ongress until the end of the year. The theoretical framework is also useful to make a comparison of the proposal with governance structures in oil companies that the P eña N ieto administration has mentioned as paradigms for M exico, namely P etrobras, E copetrol, and S tatoil. With this framework, true economic efficiency incentives and welfare sharing under M exico's proposal can finally be delineated.