Arath AvalosSocial Science Sophomore 1°A Globalization in Mexico Globalization is an inevitable phenomenon in human history that has brought the world closer through the exchanges of goods and products, technology, information, knowledge, and culture. It is said that in recent decades this phenomenon has had more strength and influence among countries, due to the great technological advances, science, communications, and industries nowadays, and while globalization is a consequence of human progress, it is also a process that constantly poses major challenges and problems. In the economic aspect, we are all part of a chain of consumers and producers of various products and services. According to the behavior of international businesses …show more content…
During these last years of intense neoliberal experience in the region, its results have been too painful and disastrous in all countries. The rate of economic growth was discouraging, unemployment increased and those excluded from the benefits of the system grew dramatically. The economies encountered greater difficulties than they had before, they cannot adapt well to the globalization of exchanges, being increasingly unstable and vulnerable to them. The opening and free movement of goods and capital destroyed agricultural and industrial companies that were previously consolidated, bringing with them more poverty, inequality and human misery to the region. As well as these data, we can also mention some non-positive ones for the country, such as the way of seeing the economic crisis that Mexico suffered in 1994, which was a consequence of globalization. Despite this crisis, due to the size and level of development of its national capital and money markets, due to the wide availability of investment and financing instruments linked to Mexico in international markets, due to the penetration of foreign financial institutions into its system. Financial, and exports of many products including precious metals, Mexico can be considered as one of the most globalized emerging markets. Mexico will continue to be among the most important emerging markets due to its size and sophistication of its financial