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Mexico
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During World War II had very good business relations with the United States. They provided a lot of raw materials, which were necessary to support American military needs. In that time the U.S. had an agreement with specifying that the countr .... Middle of Term Paper
... led to an average annual growth rate of about 6 % for the next two decades. By the late sixties it was realized, that the domestic industries have become lethargic and inefficient because of the shelter from international competition.
1965: The Maquiladoras Program
To help its manufacturing sector, settled the 's Border Industrialization Program. The BIP allows US and foreign companies to ship components and production equipment into , free of duty, for assembly or processing utilizing Mexican labor.
These Mexican facilities are commonly referred to as Maquiladoras, or in-bond assembly plants.
The BIP sought to attract foreign manufactur ... |
| Number of Words: 1046 |
Approximate Pages: 4 |
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