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This book is the companion volume to Raymond Vernon’s The Dilemma of Mexico’s Development which the American Economic Review called “a perceptive, provocative prognosis of Mexico’s development problems.” The five essays that comprise this new volume, each highly significant in itself, are all aimed at a single objective: an understanding of the roles of, and the relations between, the public and private sectors in the economic development of Mexico. Vernon, as editor, provides an introductory essay that links this new book to The Dilemma and discusses how the Mexican experience may apply to other countries. This is followed by four studies of particular institutions or programs—the electric power industry, the banking system, the industrial development bank, and Mexico’s import restriction program. Several major themes repeatedly emerge throughout the course of this book as each of these five essays, penetrating far beyond previously published studies, makes an important contribution toward defining the forces which are shaping the economic experience of Mexico.