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This innovative new book contributes simultaneously to two different disciplinary fields: comparative political economy and Mexican history. It does so by attempting to explain why Mexico--contrary to the predictions of several dominant theories of economic growth--enjoyed a comparatively high rate of economic growth and development under the highly authoritarian dictatorship of Porfirio Diaz (1876-1911). In conducting a detailed political analysis of Diaz's rule, Armando Razo introduces network analysis to the study of institutions and growth, and shows how dictators can maintain their power...

This detailed economic history of Mexico presents a theory about how rent seeking permits economic growth and explains why political instability is not necessarily correlated with economic stagnation. It is intended for historians of Latin America, scholars interested in economic development, and political scientists interested in the political foundations of growth. Hb ISBN (2003): 0-521-82067-7