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The Mexican economy’s left turn: what’s right and what’s left?*

Juan Carlos Moreno-Brid & Edgar Pérez Medina

Review of Keynesian Economics2026https://doi.org/10.4337/roke.2026.02.06article
ABDC C
Weight
0.50

What the paper says

This article assesses Mexico’s economic and social performance under MORENA governments (2018–2025), examining the extent of the promised demise of Neoliberalism during the ‘Fourth Transformation’. Through a comparative analysis of policies implemented under López Obrador (2018–2024) and Sheinbaum (2024 to present) against the Neoliberal period (1983–2018), the authors scrutinize continuities and ruptures in macroeconomic, sectoral, and social policy. The findings reveal a starkly contrasting panorama. A historic reduction in multidimensional poverty is documented, accompanied by a decrease in Gini coefficient. This achievement is predominantly attributable to a minimum wage policy rather than to cash transfer programs. Conversely, economic growth proves disappointing. Investment remains stagnant below, and productivity continues declining. The text concludes that, contrary to official rhetoric, monetary, exchange rate, financial, and fiscal policies remains orthodox – evidenced by the procyclical response to COVID-19. The sole significant departure from Neoliberalism is identified in labor policy, particularly wage determination. The authors caution that wage-led redistribution combined with economic stagnation and fiscal fragility is unsustainable, raising fundamental questions concerning the viability of maintaining social gains without substantial revision of the development agenda.

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https://doi.org/https://doi.org/10.4337/roke.2026.02.06

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@article{juan2026,
  title        = {{The Mexican economy’s left turn: what’s right and what’s left?*}},
  author       = {Juan Carlos Moreno-Brid & Edgar Pérez Medina},
  journal      = {Review of Keynesian Economics},
  year         = {2026},
  doi          = {https://doi.org/https://doi.org/10.4337/roke.2026.02.06},
}

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The Mexican economy’s left turn: what’s right and what’s left?*

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Evidence weight

0.50

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.50 × 0.4 = 0.20
M · momentum0.50 × 0.15 = 0.07
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.