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After the publication of the findings, the oil companies threatened to leave Mexico and take all of their capital with them. The government entity in charge of the conflict between these companies and the union, the Junta Federal de Conciliación y Arbitraje (Federal Conciliation and Arbitration Board), was not able to make a decision quickly and the union declared a 24-hour strike in protest ...
The electronics industry of Mexico has grown enormously within the last decade. Mexico has the sixth largest electronics industry in the world after China, United States, Japan, South Korea, and Taiwan. Mexico is the second largest exporter of electronics to the United States where it exported $71.4 billion worth of electronics in 2011. [139]
Since the colonial era, the economic history of Mexico has been characterized by resource extraction, agriculture, and a relatively underdeveloped industrial sector. . Economic elites in the colonial period were predominantly Spanish-born, active as transatlantic merchants and mine owners, and diversifying their investments with the landed
The increase in oil prices of the 70s attracted non-OPEC producers—Norway, Mexico, Great Britain, Egypt, and some African and Asian countries—to explore within their country. In 1965, the Herfindahl index of horizontal integration for the crude oil production industry was 1600 and the horizontal integration for the exploration industry was ...
Mexico became an oil exporting nation in 1911, with the first shipment leaving the Gulf Coast port of Tampico. [10] Article 27 of the constitution of 1917 granted the Mexican government the permanent and complete rights to all subsoil resources. This would cause conflicts between the Mexican government and foreign companies, and “lay basis ...
Cañón del Sumidero, river Grijalva, in Chiapas. Mexico has a long and well-established tradition on water resources management (WRM) which started approximately in the 1930s when the country began investing heavily in water storage facilities and groundwater development to expand irrigation and supply water to the rapidly increasing population.
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Economists in Mexico have argued that the growth and higher salaries that the Act should have created have failed to materialize for the workers of Mexico. Wages in Mexico have stagnated as well in the years following the passage of NAFTA, and inequality in the country still remains high, a trend that mirrors the economic trends in the United ...