In the mid-1980s, both Mexico and Taiwan made changes from interventionist state to marketled growth strategies. Despite convergence in the market reform policies, divergence is noted in their economic performances. The argument is made that economic outcomes are determined by the policy principles of technocracies, shaped by perceptions of market ideas and development consciousness and constrained by historically specific institutions. The Mexican case shows how a neo-classical economic technocracy can prioritize market ideas, but in a manner that is contradicted and heavily offset by petroleum-centered ideology. In contrast, Taiwanese engineering technocracy remains development-conscious, therefore projecting technical and engineering knowledge to policy-making processes, and using reverse integration history as a niche for forging industrial integration. This is a likely explanation for why Taiwan’s petrochemical industry has outperformed Mexico's.
12th Conference of the European Sociological Association (ESA)