AMBASSADOR CARLOS SALINAS
The International Monetary Fund (IMF) defines globalization as “the increasing integration of economies around the world, particularly through the movement of goods, services, and capital across borders.” Globalization entails the broadening of local and nationalistic perspectives toward an interconnected and interdependent world with free transfer of capital, goods, and services across national frontiers. It is the product of centuries of bilateral relations among nations and multilateral agreements between world economic blocs.