One of the arguments in favour of NAFTA and globalization is that Mexico is in the early stages of modernization. When industrialization took place in the United States, factory workers received low wages and had little protection from the government. However, when workers formed unions demanding better wages and working conditions, factory owners eventually gave in to their demands. Some say this model will occur in Mexico and other parts of the world, which are in the process of industrialization and modernization. One factor that contradicts this argument, however, is that most plants along the Mexican-American. The border is foreign property. When workers start demanding higher wages from employers, they simply close the factory and move to another free trade area or border town. Also, unlike industrialization in the United States, the Mexican economy is not so much to benefit from the emerging industry, due to the fact that most of the products made in the Maquiladoras are back in the United States and other high-income countries to be sold to consumers who can actually make them. Addiction theorists argue that the outcome of the North American Free Trade Agreement is Mexico`s dependence on foreign investment and a cycle of poverty and underdevelopment because of its inability to profit from globalization. “In this groundbreaking book, Francesco Duina skillfully challenges popular wisdom about globalization and contrasts economic visions of integration with social conceptions of how markets work.
By comparing three different regional trade agreements, the book provides an exceptional insight into how global models are being adopted and varying around the world. Case studies on the standardization of reality are original and refreshing, and the book`s rigorous analysis of the law will be a compelling read for scientists, practitioners and policy makers. John K. Glenn, Director of Foreign Policy, German Marshall Fund of the United States Immanuel Wallerstein`s World Systems Theory says there is a single social system or entity in the world because of the networking of economies in the world where there is stratified stratification between nations. This global economic system benefits some nations more than others. Wallerstein stressed the historic importance of the global economy and the exploitation of poor nations by more prosperous nations. From the 16th century on, global capitalism was influenced by colonial patterns. Nations such as Spain, Great Britain and France have colonized parts of Asia, Africa and Latin America.