The Impact of Globalization and Monetary Unions on Mexico’s Economy: A Literature Review

• DOI: https://doi.org/10.22533/at.ed.2216622608046

• Palavras-chave: Globalization, Economic Liberalization, Global Value Chains, Economic Development, Mexico, NAFTA, USMCA

• Keywords: Globalization, Economic Liberalization, Global Value Chains, Economic Development, Mexico, NAFTA, USMCA

• Abstract:

  Since the implementation of neoliberal reforms in the 1980s, the Mexican economy has changed significantly. These processes contributed to a shift from an import-substitution model to a model of an open, “ ” economy connected to global markets. This line of research examines in detail the effects of globalization, global trade alliances, and informal monetary unions on Mexico’s economic structure over the past forty years. A review of various reports and academic sources indicates that trade liberalization has generated significant benefits, such as increased exports and even industrial modernization, but it has also led to greater inequalities between regions and sectors. Therefore, Mexico must develop a comprehensive strategy that maximizes the benefits of its integration into the global economy while mitigating its negative effects through public policies.