The Globalization of Mexico

Paper Summary:

This paper explains that intense collaboration between the Mexican companies and government and foreign investors has led to an extension of Mexico's international relationships, a more liberalized free market and a sustained process of globalization. The author stresses that Mexico's highly industrialized regions have enjoyed the attraction of a wide range of foreign investors, which significantly improved the quality of work and life in these regions; however, those regions, which are not industrialized and do not attract investors, have been left behind. The paper stresses that the most severe criticism brought against globalization is that it contributes to a uneven income distribution and the deepening gap between northern and southern Mexico, problems that existed long before NAFTA and globalization.

Table of Contents:
Introduction
Economic Background
Globalization in Mexico
Economic Effects
Beneficial Effects
Creation of Jobs
Profit Distribution
Increased Living Standards
Investments
Negative Effects
Conclusion

From the Paper:

"Prior to the elections of 1994, soon to be former Mexico President, Carlos Salinas, implemented economic policies that were meant to drive the Mexican economy towards neo-liberalism and globalization. But a large part of the population disagreed with the new policies and, represented by the ELZN (Zapatista Army of National Liberalization), organized both violent and non-violent rebellions against the government. These rebellions, the already declining Mexican economy, investors' decreased interest and trust in an unstable economic climate, high levels of corruption and financial authorities' refusal to devalue the national currency peso threw the country in an economic crisis."

Sample of Sources Used:

• Wikipedia, The Free Online Encyclopedia, Mexico, April 25, 2007, http://en.wikipedia.org/wiki/Mexico, last accessed on April 26, 2007
• World Bank, Mexico Country Brief, Development Progress, February 2007http://web.worldbank.org/WBSITE/EXTERNAL/COUNTRIES/LACEXT/MEXICOEXTN/0,,contentMDK:20185184~pagePK:141137~piPK:141127~theSitePK:338397,00.html, last accessed on April 26, 2007
• Matthew Davis, Globalization and Poverty in Mexico, National Bureau of Economic Research, http://www.nber.org/digest/apr05/w11027.html, last accessed on April 26, 2007
• Dominic Salvatore, Economic Effects of NAFTA on Mexico, Global Economy Journal, January 2007, http://benmuse.typepad.com/ben_muse/2007/03/what_has_global.html, last accessed on April 26, 2007
• Front Lines, Globalization and the Opening of Mexico, Economic Reform Today, No. 1, 2000, www.cipe.org/publications/ert/e35/e35_06.pdf, last accessed on April 27, 2007

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