Essay sample library > The Role of Institutions in the Economic Development of Mexico

The Role of Institutions in the Economic Development of Mexico

2024-02-14 04:43:48

The role of the institution in economic development in Mexico Introduction The purpose of this paper is to focus on the institutional development of the Mexican state. This article first outlines the establishment as a Mexican country and explains various forms of government agencies established to manage the country. In the next section we will explore the attempts of the country trying to establish democracy and how the state will be authoritative.

This paper is based on the theoretical assumption of historical institutionism, which is a section of a new institutionalism. The new institutional school focuses on institutional roles in economic and political development. The system defined by Douglas North is a game rule, including form, structure, informal norms, and behavioral standards, which constitute all forms of human interaction (North, 1991) . Historical institutionalism, unlike other new institutional fields, argues that "institutional environment is the result of the convergence of historical forces that shape the state structure and change shape" (Ikenberry 1994: 5) . Therefore, in order to understand the current form of institution, it is important to return to historical development and historical background.

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