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<p>Tensions between market dynamics and renewed state intervention have redefined the contours of capitalism in Latin America, particularly in Mexico. The emergence of mixed economic policies—combining market efficiency with strong state stewardship—has reshaped the functions of public administration and reoriented social welfare strategies. Within this framework, public investment and growing collaboration with the private sector have driven a notable transformation in Mexico’s construction industry, positioning it as a central pillar of national economic growth. This study explores the interaction between state-led infrastructure initiatives and the strategic responses of construction firms, assessing how a development model grounded in greater state participation and public–private cooperation influences economic stability and social well-being across the country. Adopting a heterodox and mixed-methods approach, the research integrates a seven-section structured survey administered to 121 chief executives and company owners between October 2023 and April 2024, complemented by a qualitative ethnographic study conducted from March to July 2024. The latter involved 65 CEOs from firms affiliated with the Mexican Chamber of the Construction Industry (CMIC), selected through chain sampling. Findings indicate a correlation between the use of advanced financial strategies and the long-term success of public infrastructure projects. Business leaders also highlight the importance of these practices in fostering economic sustainability and social value. Ultimately, the study underscores the need for balanced synergy between government and private enterprise, aligned with the principles of a mixed economy committed to inclusive and sustainable development.</p>

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Bearing the wheel: heterodox analysis in construction industry as an economic driver

  • 期刊论文

  • 发表日期：

    2026年3月10日

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  • José Anselmo Pérez Reyes,
  • Ananya Rajagopal

摘要

Tensions between market dynamics and renewed state intervention have redefined the contours of capitalism in Latin America, particularly in Mexico. The emergence of mixed economic policies—combining market efficiency with strong state stewardship—has reshaped the functions of public administration and reoriented social welfare strategies. Within this framework, public investment and growing collaboration with the private sector have driven a notable transformation in Mexico’s construction industry, positioning it as a central pillar of national economic growth. This study explores the interaction between state-led infrastructure initiatives and the strategic responses of construction firms, assessing how a development model grounded in greater state participation and public–private cooperation influences economic stability and social well-being across the country. Adopting a heterodox and mixed-methods approach, the research integrates a seven-section structured survey administered to 121 chief executives and company owners between October 2023 and April 2024, complemented by a qualitative ethnographic study conducted from March to July 2024. The latter involved 65 CEOs from firms affiliated with the Mexican Chamber of the Construction Industry (CMIC), selected through chain sampling. Findings indicate a correlation between the use of advanced financial strategies and the long-term success of public infrastructure projects. Business leaders also highlight the importance of these practices in fostering economic sustainability and social value. Ultimately, the study underscores the need for balanced synergy between government and private enterprise, aligned with the principles of a mixed economy committed to inclusive and sustainable development.