Editor's Note: This book was one of the most important sources for my graduate thesis in Latin American history. Teichman writes an in-depth and very readable account of Mexico's transition away from a state-dominated economic model to a free-market model. Teichmans' book is refreshingly objective, and focuses on the process of privatization and the impacts on different groups within Mexico's Revolutionary Family. Teichman points out that privatization was the result of an internal movement for market reform, and a reaction to the failures of the state development model, rather than the mythologized notion that privatization was imposed by external actors.

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