Latin American Capital Markets

42 REENA AGGARWALFigure 2-1 I Change in Market Capitalization, 1970, 1999, and 2000Source: Bank of New York's website; for 2000, World Bank (2002).of issues and size of the market (figure 2-2).There are large depository programs inseveral emerging markets, with more being added every year Emerging market companiesthat trade in the United States have been some of the most actively tradedstocks there.The impact of globalization on Latin America specifically can be seen in anumber of ways. Mexico is an excellent example. There are 24 Mexican companiesCopyright © by the Inter-American Development Bank. All rights reserved.For more information visit our website: www.iadb.org/pub