The international insertion of Mexico: Evolution and challenges before the new international order
Abstract
The objective of this paper is to analyze the insertion of Mexico in the global economy. For this, selected foreign trade indicators are used in a comparative way. The results show that the total trade balance of goods and services presents a permanent deficit that only disappears in crisis years, while the Mexico-United States trade has a permanent and growing surplus since 1995; the loss of participation of imports from the United States in the total imports of Mexico is observed, in contrast, the participation of imports from China is accelerated; throughout the study period, at least 50% of total exports and more than 40% of total imports consisted of machinery and transport equipment, Mexico's trade is fundamentally intra-industrial, exporting and importing the same category of goods.
Keywords
Trade Policy, Protectionism, Free trade, intra-industry trade, Market diversification