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Creating a New Economy

Chapter 8, Section 3

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Building a Modern Economy

  • With a stable government, Mexico is improving the quality of life for its people.

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  • Since the 1940s, Mexico has been reliant on agriculture and mining.

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  • Mexico has become more industrialized.

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Building a Modern Economy

  • Mexico has developed maquiladoras.
    • Factories that assembles imported materials and exports finished goods.

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  • 1992 signed NAFTA with Canada and the US.
    • North America Free Trade Agreement.

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  • 2019 USMCA replaces NAFTA
    • US, Mexico, Canada Agreement

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Building a Modern Economy

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Facing New Challenges

  • Facing two challenges.
    • Pollution
    • More jobs

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  • Mexico City, in particular has a smog problem.

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  • The movement of people from rural to urban has left them unemployed.

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Facing New Challenges

  • Some Mexicans move to the United States illegally to get jobs.

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  • If there are more jobs in Mexico, illegal immigration to the United States may decrease.

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Homework

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Read 242-248

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