Maquilla sector in Mexico
In the twentieth century, export–led industrialization fuelled by foreign investment and technology (ELIFIT) has become an economic and social development strategy for many countries of Third World. In the 1950s and 1960s, a group of Latin American and East Asian countries adopted such a strategy and allowed U.S. and European companies to use their cheap labor with the hope that this would lead to economic development. For East Asian countries, originally Hong Kong, Singapore, Taiwan, and South Korea, this strategy worked well and made a substantial contribution for countries’ economic development. For Mexico, on the other hand, ELIFIT strategy did bring an economic growth to the country but it failed to convert this growth into development. Why would such a strategy work well for East Asian countries but not for Mexico? Was there anything the Government could’ve done in order to achieve a better level of development? The first phase in the maquila industry’s brief history began in 1965 with the Border Industrialization Program (BIP). President Diaz initiated the program the year after his Minister of Industry and Commerce visited Asia, where U.S. and European multinational corporations were rapidly setting up assembly plants. C
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Some common words found in the essay are:
Leslie Sklair, Maria Ibarra, Third World, United Item, Mexico Value, Exchange Program, Evolution Maquiladoras, World Countries, East Asian, City June, maquila industry, value added, development zone, foreign exchange, economic development, creation development zone, creation development, development strategy, mexican government, maquila workers, host economy, source foreign exchange, east asian countries, economic development strategy, genuine technology transfer,
Approximate Word count = 3920
Approximate Pages = 16 (250 words per page double spaced)
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