ABSTRACT
This chapter turns away from the forces of change associated with the advance of resource-seeking ‘extractive capital towards the problem of constructing a new industrial policy. Most development thinkers assume and argue that both extractivism and industrialization are required conditions for advancing the forces of production and bringing about development. The problem is how to combine industrialism and extractivism in a way that avoids the destructive socioenvironmental impacts of both extractivism and industrialism—an approach that takes form in the notion of neoextractivism and, according to the authors, the need to construct a new industrial policy. The chapter discusses the prospects and problems of constructing a new endogenous industrial policy in the current context of an international division of labour that assigns Mexico and other countries in macro-regions on the periphery of the world capitalist system the role of providing raw material inputs for industrial development at the centre of the system.
