Extractivism and Development: Mineral Resources in Mexico

Abstract

Latin America is one of the regions with the greatest abundance of national resources and one of the principal destinations for multinational entities to privatize and commercialize goods with the consent of the state. This century has been marked by excessive mineral extraction carried out by export-oriented companies, which, far from strengthening local economies and improving the finances of the countries involved, such as Mexico, has left behind social and environmental problems, despite the profit generated. As such, the neoliberal economic policy in place in Mexico is actually detrimental to its natural resources, gradually weakening the country's socioeconomic development.