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Unformatted text preview: enabled them to start buying more goods because they were able to export more items; they also were able to produce more of their own goods; import substitution industry was big; Mexico placed high tariffs on imports so they could make the producer of Mexico get a little more; this policy worked quite well for Mexico; if foreign producers wanted to sell their items then they would build a factory in Mexico to avoid tariffs while hiring Mexican workers; factories to make machines to make goods lacked in Mexico; Mexico was relying on foreign nations to get those; Mexico had to sell their products to foreign nations to get foreign capita; most consumer goods that were made in Mexico, stayed in Mexico; problem to come for Mexico was price of machines;...
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- Spring '08