Globalization politics in the financial sphere and transition of Mexican banking

Abstract

The purpose of this paper is to analyze the policies of financial globalization and the transition of banking in Mexico, considering them as part of an agenda of capitalist accumulation. The hypothesis is that the transition of banking has not contributed significantly to economic growth, in addition to constituting a transfer of national capital to global capital. The method used is qualitative and quantitative. The results show the persistence of contemporary financial problems in Mexico. It concludes by highlighting the urgency of adapting the financial and banking system to the needs of various economic agents. Moreover, with a relatively large number of banks, focusing on a limited customer base, Mexico's financial needs, both public and private, continue to exceed its own resources. Global banks must open more investment channels and improve Mexico's overall reputation among investors.