Mexico and the WTO

Paper Summary:

The paper relates that the WTO has the greatest influence on Mexico, relative to its economic and structural development. The paper explains how the WTO indirectly affects positive global economic growth; rather than mandating policy, it negotiates and ensures that the smallest economic presence has equal access to the same economic and trade apparatus as the largest presence. The paper notes that with less export trade in goods and services, many developing countries would simply remain dependent on foreign aid and would never develop the internal capacity to establish a positive economic model.

Outline:
Overview
The World Trade Organization (WTO)
Mexico and the WTO
WTO Policies in Terms of Development
The World Trade, FDI and Development
Conclusion

From the Paper:

"Mexico is extremely useful in terms of a country for examination relative to ascertaining the influence of developmental policies of international organizations because it has been subject to international forces within the global economy through both its World Trade Organization (WTO) membership as well as its membership in NAFTA (North American Free Trade Association). Additionally, its geographical proximity to the U.S. and its developing economic status ensures that it is subject to various transnational organizational influences by degree depending on the particular organization in question. However, the organization with the greatest influence on Mexico relative to its economic and structural development is the WTO because the WTO's apparatus, while subtle in many respects, has done more to shape the global economy than perhaps any other transnational body and this degree of influence is clearly represented in the Mexican development over the past several decades."

Sample of Sources Used:

• Conway, P. "Putting Fairness into Free Trade: Peter Conway Provides a Union Perspective on International Trade." New Zealand International Review, 30/6(2005): 14+.
• Cornia, Giovanni Andrea, ed. Inequality, Growth, and Poverty in an Era of Liberalization and Globalization. Oxford: Oxford University Press; 2004.
• Fenstra, R. & Hanson, G. "Foreign Direct Investment And Relative Wages: Evidence From Mexico's Maquiladoras." Journal of International Economics, 42(1997): 371-393.
• Figini, P. & Santarelli, E. "Openness, Economic Reforms, And Poverty: Globalization In Developing Countries." The Journal of Developing Areas, 39/2(2006): 1-23.
• Finco, M. V., & Hepner, G. F. "Investigating US-Mexico Border Community Vulnerability to Industrial Hazards: A Simulation Study in Ambos Nogales." Cartography and Geographic Information Science, 26/4(1999): 243.

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