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European Markets As Challenges Or Opportunities For Mexican Smes Internationalization: A Critical Analysis Of Globalization

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Chapter Summary

This chapter contributes to the understanding of the effects of globalization on the internationalization of Small and medium-sized enterprises (SMEs) from developing countries, trading with developed countries. It is based on a case study of BANCOMEXT (the Mexican Trade Commission) in Europe. The chapter addresses the problems and opportunities faced by Mexican SMEs in European markets. It suggests that, despite Mexico 's economic liberalization and the network of Free Trade Agreements (FTAs) all over the world, Mexican SMEs have few opportunities for internationalising in markets as distant and developed as the European Union .The chapter pays attention to the relation between globalization and growth to shed light on the impact of globalization. Analyzing Mexican international trade, the transformation and results due to trade liberalization have been particularly notable in terms of export diversification (Carrillo- Rivera 2007) and FDI attraction.

Keywords:BANCOMEXT; European markets; Free Trade Agreements (FTAs); globalization; internationalization; Mexican SMEs; trade liberalization



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