Need to do justification and summary for mini case Maxicos...

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Summary:
As the first significant financial crisis to affect a developing market economy with in new era of globalised financial markets, the crisis in Mexico has been referred to as first economic meltdown of the twenty-first century. And this speaks volumes about its importance. In the last 10 to 15 years, there has been a significant increase in the global integration of financial markets, which has encouraged a more effective distribution of global savings and boosted investment and growth in many nations. However, there is a drawback: Significantly increased cross-border financial flows have also managed to make countries that take part in international financial markets more susceptible to unfavourable changes in market sentiment. These changes, though typically motivated by worries about the strength of the economy and policy flaws, can frequently be delayed, unexpected, massive, and destabilising. Additionally, the speed at which problems in one nation can spread to another has grown due to financial globalisation. Therefore, even though it is a byproduct of our time's economic success and a driver to it,

Need to do justification and summary for mini case Maxicos...

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