Globalization and the opening of mexico

GLOBALIZATION AND IT’S IMPACT SOCIETY AND BUSINESS

CRISTINA HERNANDEZ ALVAREZ

GLOBALIZATION AND THE OPENING OF MEXICO

NOE ZAMORA SERRANO

2/17/2010

INTRODUCTION

Does the future ofMexico lays in the open markets? The answer of the ex-president Zedillo is yes, probably the future of every country in the world is as a matter of fact in them, today is necessary to be internationalfor a well balanced economical development; markets, today more than ever require of each other to work for the best interests of the people in an interdependent net, just as Mexico has demonstratedbefore with the TLC, NAFTA and it’s current agreements with the European Union and Israel as well with Chile, Colombia, Venezuela, Nicaragua, Bolivia and Costa Rica, production for export and theopening to an influx of foreign investment and technology might help our economic growth in many ways, but what would the pros and cons be?

Free trade has indeed been a powerful force for bothmodernization and economy in many countries as well as it is in ours, Mexico has pursued free trade agreements with many other potential partners that has made us the second trading partner of the US as well asleaders of Latin America’s free trading and we have become the first country to successfully negotiate a free trade agreement with the European Union.

In years to come it is expected that theseaccords will allow us to strengthen our role among the emerging economies as an exporter and a destination of direct foreign investment, helping us to create development opportunities for our nation,just as well these would mean the creation of new jobs and a stronger economic stand in the world markets.

This of course doesn’t mean that there won’t be some trouble along the way, there’s a lot ofopposition for trade liberalization in many forms, like the claim that poor people will suffer from this because of the different labor conditions in our country and while this is actually true,...