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Mexico's northern territories have historically teemed with low, sparse populations and a harsh, arid climate. However, Mexican law has promoted a "buffer" zone close to the border with the US where low or no taxes are charged. This, besides rich Natural Resources such as copper, iron, coal, sulfur and many more has helped to establish a solid industrial base, made up of several manufacturing and assembly plants, specially on border cities such as Tijuana, Juarez, Nuevo Laredo or Matamoros. These plants are known as maquiladoras, and many of them are foreign-owned by transnational companies such as Sony, Samsung, General Motors, Delphi or Hyundai. No longer for just assembly, many industries have developed economies of scale, where smaller components required to finish the end product are made or built by local providers.
Nominal income per capita in dollars for Mexico's northern states reflects the high industrialization of this region:
- Nuevo Leon: 16,342
- Coahuila: 12,474
- Chihuahua: 12,338
- Baja California: 11,365
- Baja California Sur: 10,820
- Sonora: 10,336
- Tamaulipas: 10,200
- Mexico Average: 8,000
Being Nuevo Leon on par to Taiwan (US$ 16,400) and Tamaulipas to a country such as Latvia (US$ 10,200)
Wiki User
∙ 13y ago
Wiki User
∙ 12y agoBeing the region with most population, central Mexico is overwhelmingly focused on industry and services, with a small and ever-diminishing portion (less than 14%) of the population dedicated to agricultural activities. The most important industrial corridor spans about 300 miles and includes the cities of Guanajuato, Leon, Queretaro, Toluca, Mexico City and Puebla.
Some industries in the region include steel, cement, automobile, aircraft and semiconductors; also food processing and textile industries are of paramount importance.
Wiki User
∙ 9y agoSouthern Mexico is the least developed region within Mexico. Three states are considered as part of it:
- Guerrero (capital: Chilpancingo)
- Oaxaca (capital: Oaxaca)
- Chiapas (capital: Tuxtla)
Although the largest economic activity in all three states is commerce, all of them have agriculture as an important economic sector. The most important economic activities for each state are detailed as follows:
- Guerrero: agriculture, fishing, tourism, mining.
- Oaxaca: agriculture, tourism, wood products, textiles, construction materials, mining.
- Chiapas: agriculture, tourism, light manufacturing (handcrafts).
Wiki User
∙ 6y agoMost of the economy in northern Mexico is manufacturing-oriented. This is due to the geographical proximity of its largest customer (Texas and California), cheap labor costs and tax incentives. The results include a constantly growing economy as well as many problems associated with such growth, such as ugly boomtowns with lack of basic services and high crime rates.
Wiki User
∙ 14y agoThat is a very generic question. This link may give you a hint:
http://en.wikipedia.org/wiki/Economy_of_Mexico
Wiki User
∙ 13y agoHeavy industries such as iron and steel or automobile manufacturing.
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What was the Northern economy was based on?
northern economy was based on manufacturing
What was one of the most important differences between the northern economy and the southern economy?
What was one of the most important differences between the northern economy and the southern economy? The northern economy was industrially based. The Southern economy was agriculturally based.
What is New Mexico's economy based on?
Mexico's economy is largely based on Industry.
Who is the Secretary of Economy for Mexico?
Ildefonso Guajardo Villareal is the Secretary of Economy for Mexico.
Why is northern Mexico's growing today?
Most of the economy in northern Mexico is manufacturing-oriented. This is due to the geographical proximity of its largest customer (Texas and California), cheap labor costs and tax incentives. The results include a constantly growing economy as well as many problems associated with such growth, such as ugly boomtowns with lack of basic services and high crime rates.
Is Mexico Northern or Eastern?
Mexico is part of both the northern and western hemispheres.
Is the Gulf of Mexico in the Northern Hemisphere?
Yes, the Gulf of Mexico is in the northern hemisphere.
Is Mexico northern or southern?
Mexico is in the northern and western hemispheres.northern
Where is Northern New Mexico College located?
Northern New Mexico College is located in the state of New Mexico.
Are Denver and Mexico in the northern hemisphere?
Yes, Denver and Mexico are both in the northern hemisphere
Is the Sonoran Desert in northern or southern Mexico?
It is on southern New Mexico (the US state), but it is located on northern Mexico (the country).
What were the the economies of the northern southern and western states based?
Northern was the economy based on manufacturing, southern was the economy based on agriculture, and western is emerging economy
