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The Mexican government followed a strategy known as "import substitution", which basically ramped up taxes on imports and provided credits for local industry to develop. It was a successful policy, as it allowed the "Mexican Miracle", when GDP grew in two-digit numbers between 1940 and 1970.
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What part has Mexico's government played in the growth of industry?
The Mexican government followed a strategy known as "import substitution", which basically ramped up taxes on imports and provided credits for local industry to develop. It was a successful policy, as it allowed the "Mexican Miracle", when GDP grew in two-digit numbers between 1940 and 1970.
What played the most important part in the growth of the West's population and economy between 1865 and 1900?
The manufacturing industry played the most important part in the growth of the West's population and economy between 1865 and 1900. The economy grew up to 400 percent because of the manufacturing industry.
How did the industry change the world?
If you think about it for a minute. With this large number of population growth without industry we would not be able to produce enough food and clothing. Not to mention transportation. So industry has played a mayor roll in changing quality of life.
Which industry was considered a catalyst of economic growth during the gilded age?
The railroad industry was considered a catalyst of economic growth during the Gilded Age. The expansion of railroads created new markets, facilitated the movement of goods and people, and fueled industrial development in the United States. This industry played a crucial role in connecting the nation and stimulating economic prosperity during that time.
What is the export market for the American forest products industry?
Exports have played an increasingly important role in the FPI. In fact, according to Standard and Poor's, 65 percent of the industry's shipment growth between 1988 and 1998
What role technology played in India economic growth?
Technology has revitalized the Indian economy - it was a new industry that could employ many of India's people.
Which helped the automobile industry?
The automobile industry has been significantly helped by technological advancements, such as the development of electric and hybrid vehicles, which cater to growing environmental concerns. Additionally, innovations in manufacturing processes, like automation and robotics, have improved efficiency and reduced costs. Government incentives and infrastructure development for electric vehicles have also played a crucial role in supporting industry growth. Finally, globalization has expanded markets and supply chains, allowing for greater innovation and competition.
What role has technology played in India's economic growth?
Technology has revitalized the Indian economy - it was a new industry that could employ many of India's people.
What company played a significant role in the advancement of the photographic equipment and supplies industry?
Many of the technological achievements that eventually led to this growth surge were accomplished by Eastman Kodak Company.
What role did Sir Stafford Sands played in the tourism industry?
Sir Stafford Sands played a big role in the development of the tourism industry. He mainly affected the industry in the Bahamas.
What industry in India later influenced British industry?
The Indian textile industry significantly influenced British industry during the colonial period. The high-quality cotton produced in India was exported to Britain, where it fueled the growth of the British textile industry in the 18th and 19th centuries. British manufacturers adopted techniques and innovations from Indian practices, leading to advancements in spinning and weaving technologies. This exchange not only transformed British industry but also played a crucial role in the Industrial Revolution.
What was an effect of the growth of the service industry in the late 1800s?
The growth of the service industry in the late 1800s led to significant urbanization, as people migrated to cities for jobs in sectors such as retail, hospitality, and healthcare. This shift contributed to the rise of a consumer culture, with increased demand for goods and services. Additionally, it fostered the development of new social classes and changed labor dynamics, as many women entered the workforce in service-related roles. Overall, the expansion of the service industry played a crucial role in shaping modern economic and social structures.
