Made in China 2025 and Self-Sufficiency in New Technologies.
Renato Balderrama Santander y Amado Trejo Romero*
China: Another Globalization?
Measuring the final goods trade between Mexico and the United States is vital but not sufficient. The author turns to recent databases on intra-industry and intra-firm trade, routes of intermediate goods and trade in value added to show how deep commercial integration is in North America.
The mercantile dimension of international relations now has —in the midst of globalization— an unprecedented weight. For countries like ours, who have strongly committed to free trade and have identi?ed in it a path to full development, the economic component of diplomacy is critical.
The past, the current vitality and the promising future of Bancomext cannot be understood without examining and giving value to the history of our financial institutions and, in particular, of development banking as one of its most significant sectors. It is precisely in that review where the bank recognizes its real reason for being and its meaning.