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What are factories in Mexico that produce goods for US markets?
Wiki User
∙ 11y ago
They are known as maquiladoras.
Wiki User
∙ 11y ago
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What is the role of Maquiladoras in globalization?
Maquiladoras are factories in Mexico that operate in a 'trade free' zone. They import parts or key components of products from other countries. When the components arrive, the workers at the maquiladoras assemble the products so they can be exported to global markets.
Why do markets exist?
Markets allow people to buy what they need to consume and sell the specialized goods and services they produce.
A major goal of many African nations is to build and produce goods for their own use?
factories
Most manufactured goods made in the South Pacific cannot compete successfully in world markets because?
factories are too small and remote
How does Mexico answer the three economic questions?
What goods and services should be produced - export goods, as Mexico has an export-oriented economy. How should the goods and services be produced - Using foreign investment whenever possible; for internal consumption internal investment can be used. For whom should the goods and services be produced - international markets.
What is the role of Maquiladoras in globalization?
Maquiladoras are factories in Mexico that operate in a 'trade free' zone. They import parts or key components of products from other countries. When the components arrive, the workers at the maquiladoras assemble the products so they can be exported to global markets.
How can globalization during the industrial revolution be to the steam engine?
Answer this question… The steam engine allowed factories to produce enough goods that businesses began more aggressively seeking out foreign markets.
How can globalization during the Industrial Revolution be traced to the steam engine?
Answer this question… The steam engine allowed factories to produce enough goods that businesses began more aggressively seeking out foreign markets.
What is the definition for capital?
Tools, machines, and factories used to produce goods.
What is the definition for capital resource?
Tools, machines, and factories used to produce goods.
Why do markets exist?
Markets allow people to buy what they need to consume and sell the specialized goods and services they produce.
A major goal of many African nations is to build and produce goods for their own use?
factories
What was the importance of factories to the revolution?
they could produce weapons and other goods
What are capital resources?
Capital resources are goods produced and used to make other goods and services. They include tools, machines, and factories used to produce goods.
Most manufactured goods made in the South Pacific cannot compete successfully in world markets because?
factories are too small and remote
In the 19th century US which states had factories to produce finished goods?
Northeast and Middle Atlantic states had most of the factories, while the South was primarily agricultural.
How does idustrial regions in Mexico effect Mexicos trade?
Mexico is no longer a raw-materials supplier, thus a large part of its exports are manufactured goods. Industrial regions in Mexico manufacture products such as plasma TVs, motor vehicles or electronics which are then exported to foreign markets, such as the United States, Canada or the European Union. On the other hand, Mexico is having an 'ongoing industrialization process' whereas it needs capital goods such as machinery and manufacturing equipment to build and setup their factories. Such capital goods comprise the majority of Mexico's imports, and are in great demand by industrial regions throughout the country.
