Hierarchical Capitalism in Mexico and its influence on innovation from a perspective of the Bureaucratic Theory

The following work explains the innovation status of the Mexican economy through the search of a direct link between Economics and Management by applying representative theories and principles of the involved disciplines. The investigation arouses from the basic idea of an existing relationship between the specific type of capitalism present in Mexico (Hierarchical Capitalism) -which shows, through the performance of the Mexican Business Groups, important features defined by the Bureaucratic Theory of Max Weber- and innovation. Thus, by conducting an interdisciplinary analysis, a causal link is found between Capitalism and Bureaucracy (that is, Economics and Management) in the shape of a non-virtuous cycle derived from a specific institutional arrangement that determines the current and future scenario of innovation in Mexico.