Beyond de-risking: Industrial orders and political revolutions in Mexico's power sector

The revolution of deregulation that swept national markets with particular force in the Americas was followed by the rise of complex and diverse regulatory institutions. Mexico was the poster child of governance by regulators as, in the 2000s and 2010s, its governing being used, in the energy sector the true innovation of liberal elites was the repurposing of state-owned companies to maintain economic order and de-risk private investments - a role which was meant to be transitory.