The Financialization of the Mexican Economy, 1993-2013 (An Estimate)
In globalization, financial capital, particularly the parasitic speculative, has occupied an increasingly prominent role in determining the rate of profit. This phenomenon is called financialization, which means that financial capital as a whole gains greater influence over economic outcomes slowing the accumulation process. There is a wide scope of literature dealing with the new nature of finance taking the USA economy as representative of this phenomenon. The Mexican economy after the structural change of the eighties was inserted in a dynamic in which finance capital has become more relevant, dramatically expressed in the 1995 crisis and later in 2009 was driven by the subprime crisis. In this regard, based on National Accounts System, an estimate of the degree of financialization in Mexico for the period 1993-2013 is made