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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)
What else can I help you with?
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 the Gulf of Mexico in the Northern Hemisphere?
Yes, the Gulf of Mexico is in the northern hemisphere.
Is Mexico Northern or Eastern?
Mexico is part of both the northern and western hemispheres.
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).
Is the Sonora Desert in northern or southern Mexico?
It's actually in Arizona, but partially in Northern Mexico.
