The Problems of Globalization in Latin America

Paper Summary:

The paper shows that the most crucial globalization-related process in Mexico is the proliferation of maquiladoras - instruments for the exploitation of Mexican workers and the Mexican environment by multinational corporations. The paper concludes that globalization may be less to blame that the fact that the Mexican elites have been willing to pay any price to attract investment.

From the Paper:

"Latin America presents a whole range of third world countries which have adopted policies which have made them much more open to global capitalism. In almost every Latin American nation during the course of the 1980s, the economy was decisively altered on the assumption that participation in the global economy was the key to a steady rise to first world status. However, not one Latin American country has made the leap. Mexico, whose efforts began in 1982, deserves attention as the country where such efforts have been consistently tried for twenty years. Mexico has been described, with justice, as a country living on a faultline of globalisation (Loyes)."

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