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The most important would be the signature of the North American Free Trade Agreement (NAFTA) with the United States and Canada. Openness to international competition marked a difference between closed, outmoded industries and a "do or die" attitude among Mexican companies; this in turn forced many industries to improve and become competitive or disappear altogether.

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What steps did mexicos government take to change the economy starting in the 1990s?

Starting in the 1990s, Mexico's government implemented a series of economic reforms aimed at liberalizing the economy. This included the signing of the North American Free Trade Agreement (NAFTA) in 1994, which encouraged trade with the U.S. and Canada. Additionally, the government privatized state-owned enterprises and reduced trade barriers, shifting towards a more market-oriented economy. These measures aimed to attract foreign investment and stimulate economic growth, though they also led to increased inequality and challenges for local industries.


how did the spaniards change the economy of the Philippines?

Brought reforms, lots of trading, Manila big trading hub, nice economy.


How does Australia's government influence their economy?

The Australian government decides on taxation levels and how to distribute the funds from taxation; which reforms need to be implemented; inflation levels; drought and natural disaster assistance; import and export demand and supply - to name just a few areas of influence. For more information on the Australian economy, have a look at en.wikipedia.org/wiki/Economy_of_Australia


What type of economy is emerging in Nigeria under the reforms of the NEEDS program?

Mixed Market


Does new zealand have a centrally planned economy?

No, New Zealand does not have a centrally planned economy. Instead, it operates as a mixed economy, combining elements of free-market capitalism with some government intervention. Since the 1980s, New Zealand has implemented significant economic reforms that emphasize deregulation, privatization, and free trade. This shift has fostered a competitive market environment while the government still plays a role in areas like social welfare and public services.

Related Questions

Why did Gorbachev's reforms fail to improve the Russian economy?

By the time the Soviet elite realized that Gorbachev's reforms were necessary, it was actually too late. The Soviet Empire was too far gone and the government fell.


How might democratic reforms and improved trade agreements contribute to a stronger economy in Mexico?

Democratic reform leads to political stability and human development which leads to improve productivity and economy.


Was glasnost and perestroika successful?

No, perestroika in the Soviet Union did not succeed. Gorbachev's reforms were not comprehensive enough to truly improve the Soviet economy.


What did the chatists want?

government reforms


What did charists want?

Government reforms


What has the author Xun-Hai Zhang written?

Xun-Hai Zhang has written: 'Enterprise reforms in a centrally planned economy' -- subject(s): Bicycle industry, Government policy


What has the author Sakkarin Niyomsilpa written?

Sakkarin Niyomsilpa has written: 'The political economy of telecommunications reforms in Thailand' -- subject(s): Industrial policy, Politics and government, Telecommunication policy


What the reforms were made to improve working conditoins?

Child labor


How did education act 1906 and 1907 helped improve public health?

How did education act 1906-1907 helped improve public health, and what were the three key factors which might account for the Liberal government's welfare reforms 1906-1911?


Did Morley-Minto reforms improve the position of Muslims in the Sub-continent?

no


how did the spaniards change the economy of the Philippines?

Brought reforms, lots of trading, Manila big trading hub, nice economy.


What are the philosophies of Mikhail Gorbachev in life?

He wanted to improve the run-down Soviet economy by using his reforms perestroika and glasnost, in doing that, he believed in allowing more freedom to the common man. Gorbachev planned to link socialism with democracy to improve relations with the world and the people within Russia.