You Can't Globalize Halfway

Rogelio Ramirez De La O is president of ECANAL, a private economic think tank in Mexico City. His analysis here is adapted from a panel on globalization at the annual retreat of the Pacific Council on International Policy.

Mexico City - To benefit from globalization, a country can't just open up part way. It must go all the way. In fact, the crises we have seen over the past several years from Mexico to Asia are not the result of opening up too much, but not comprehensively enough.