Abstract
Industrial policy and trade development are interrelated indicators that affect the economic growth of a country. In North America, the USA and Canada have well realized such symbiotic relationship in driving the national economic development. Mexico, being a country following the protectionism for a substantial period in the past and having several economic setbacks, has yet to overcome the black holes in low financial integration, industrial growth, and international trade competitiveness. This chapter critically examines the approach of Mexico and the USA on industrial policy, financial integration, and spending on research and development as an impetus for augmenting the industrial production and trade competitiveness. However, the growing threat of disruptive innovation on the international business has also been discussed in this chapter.
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