Globalization and Its Effects on Mexico

This report provides data on Mexico which includes the economy, geography, its society, and government. It also discusses how Mexico’s economy is becoming orientated toward manufacturing. In addition, it shows that the GDP rate is not growing. The report explores the transnational issues facing the country which are international conflicts, refugees and domestically displaced persons, and drug trafficking. This source will contribute to my final project because it provides facts on the measures I am using to determine the development of a country.

In the early sixteenth century, Spain conquered Mexico and turned it into one of their most lucrative colonies. In the search for land, labor and natural resources, Spain found everything they were looking for in Mexico. During the colonial period, Mexico was simply another kingdom of the vast Spanish Empire. As Spain largely benefited, the indigenous civilizations of Mexico were ravaged and left to be entirely dependent on their foreign counterpart. It wasn’t until the independence movement in the early nineteenth century that Mexico seemed to have some hope of being released from the hands of imperialism. Unfortunately, following independence, Mexico suffered from a half a century of economic

The effects of NAFTA on Mexico, U.S, and their economic situation have impacts on political interests. There was main objective of Mexico in pursuing free trade area with the United States or with other countries to stabilize the Mexican economy in sustainable way and promote economic development by attracting huge foreign direct investment means of increasing exports, in house manufacturing and creating jobs. NAFTA would improve investor confidence in Mexico has directly impact to increase export diversification, create job market increase wage rates, reduce poverty, improve standard of living, quality and economic growth

Mexico’s population is rising swiftly with a prediction of 135 million by the year 2051. Mexico’s agricultural output does not meet the needs of a growing populace. A majority of these families can't grow enough to feed their own families. Mexico maintains close to a steady 25% unemployment rate. But those who do work, work for very low earnings , and some families survive on money that their immigrant families send them.

In the Shadow of the Mexican Revolution by Hector Aquilar Camin and Lorenzo Meyer tells a chronological story of contemporary Mexico from the fall of Porfirio Diaz in 1910 to the July elections in 1989. The time period that Camin and Meyer portray in Mexico is one of corruption, civil war, and failure. While Mexico would undergo an era described as the “Mexican Miracle” where the Mexican country would begin to see a positive output in the country, it would be short-lived and Mexico would continue to fall behind as other countries progressed. While In the Shadow of the Mexican Revolution is comprised of facts throughout history, one cannot help but feel a sense of sympathy for Mexico. While their corruption, political, and economical,

"In 1994, both countries [Mexico and the United States] signed the North American Free Trade Agreement (NAFTA) which has increased their mutual trade and foreign direct investment. Between 1994 And 2005, the US-Mexico foreign direct investment flows increased substantially from 16,968 billion to $71,423 billion. By 2007, the Mexican commercial relationship with the U.S. almost tripled from $297 billion to $930 billion." [2] This mutual increase in business inherently has had an attendant growth in "the number of foreign enterprises who have situated in each country." [2] With this increase in international business and trade comes cultural shifts and increased globalization and differences in managerial functions.

Mexico is an extremely important country, as far as immigration is concerned, in the world. It has a large amount of emigrants that leave their country each year. Many of these emigrants go to the United States. This has caused the Mexican immigration issue to become very popular. After research, we have found out a lot about the country of Mexico.

According to the Washington Post, Mexico's economy has totally declined. The values of their peso have decreased radically against the U.S. dollar, growth rate has

Mexico is one of the most populated and industrialized of the third world nations, yet it remains very impoverished in comparison to it’s northern neighbor. Recently Mexico has been the third largest trading partner of the United States, has become an important exporter of petroleum and plays a pivotal role in the politics of the region. Yet Mexico is frequently treated with neglect and misunderstanding by the United States. This treatment is why Mexico is hesitant about United States influence and investment in Mexico. While many foreign countries acknowledge the United States as a

Mexico’s pursuit of free trade agreements with other countries is a way to bring benefits to the

Mexico is the top trading nation in Latin America and the ninth-largest economy in the world. No country has signed more free trade agreements – 33 in all, including the two biggest markets in the world, the US and the EU. Altogether these signatory countries make up a preferential market of over more than billion consumers. Much of the FDI in Mexico is attracted by the country’s strategic location within the North American Free Trade Agreement, which has positioned it as a springboard to the US and Canada. Other attractions are competitive production costs and a young, skilled workforce, together with political stability and an open economy.

Economic globalization can be described as “the development of an increasingly integrated global economy marked especially by free trade, free flow of capital, and the tapping of cheaper foreign labor markets". To some, globalization can be described as the economic and political dominance by wealthy nations over smaller nations, with lesser economic stance. Cultural globalization as a mixing of cultures, through means of immigration and cultures coming into contact with one another. The United States is a rich western nation that continues to dominate, and drive policy formulation in several countries. Globalization with political dominance as a driver is often linked to trade and financial markets. In this essay, I chose to focus on the globalization that has occurred and still occurs in Mexico.

In this mini-case we will look into 4 key aspects such as Mexico’s key economic indicators, the causes of the country’s balance of payment problems, policies in

La tierra mas hermosa. The most beautiful land. Latin America and the Caribbean maintain the humble beauty of many indigenous regions. The rugged mountains of Bolivia are scattered across graded lands. The Quechua people can be seen wearing richly decorated ponchos as they plant seeds for forming. Weathered volcanic lavas are stretched over the lands of Guatemala, and the heavily wooded forest trees can also be seen in the eastern slopes of the Andes. The azure blue oceans of Havana sparkle as the golden sun illuminates the sky. These humble lands have always been here; streams of people have flowed through these lands for centuries. It is only the globalización that is relatively new, and along with that comes the life one lives in these lands--pobreza y viviendo en el infierno [poverty and living in hell]. The impact of globalization in Latin America has caused a ripple in the lives of many individuals living in Latin America and the Caribbean. Although globalization is not a new concept, the process of globalization has drastically expanded and involved into social, political, and economic changes that weakens the sovereignty and power that helps create policies and reform government institutions.

In today’s world, with a few notable exceptions, nearly everyone in every region of the world has access to the same products, information and services. A long-distance relationship is no longer so distant, since each party involved in the relationship can communicate through Skype, Facebook or through any of the vast amount of social media available. A person in Easter Island, one of the most remote inhabited islands in the world, can go to the other side of the world and travel to Canada. An economic crisis in Argentina could affect the economic landscape in Brazil. A person in Chile or Peru can buy an Abercrombie and Fitch t-shirt because this transnational corporation decided to expand its market to developing countries, or as you might prefer, to emerging economies in South America. Although many of these examples might be trivial, these are the consequences of globalization.