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This paper analyzes the long term relationship between the Mexican and USA economies from 1950 to 2008. It initially analyzes the period 1988-2008, that's to say, the relation during this period is that the Mexican GDP grew in the long term by 0.94% for each percentage point increase in the USA's GDP, and decreased by 0.17% for each percentage point depreciation in the real exchange rate. Once this relation is established, the work then questions if the Mexican economic structure persisted during 1950-2008. This result is interesting because it provides a starting point for a new research agenda that revises which conditions permitted the fast growth of Mexico's economy during 1950-1982, which others led to its subsecuent stagnation. This is not only of interest to historians, and also useful for reconsidering Mexico's present growth strategy. [ABSTRACT FROM AUTHOR]