The seeds of economic modernization were laid under the restored Republic (1867-76) (see The Restoration, 1867-76, ch. 1). President Benito Juárez (1855-72) sought to attract foreign capital to finance Mexico's economic modernization.
His government revised the tax and tariff structure to revitalize the mining industry, and it improved the transportation and communications infrastructure to allow fuller exploitation of the country's natural resources.
Postwar Economic Growth
Mexico's inward-looking development strategy produced sustained economic growth of 3 to 4 percent and modest 3 percent inflation annually from the 1940s until the late 1960s. The government fostered the development of consumer goods industries directed toward domestic markets by imposing high protective tariffs and other barriers to imports.
Conclusions on Mexico (Whether Primarily Agricultural, Industrial, or Information Age Re: Its Economic System)
As a result of all the problems that Mexican politicans were faced to deal with I would have to say that Mexico is stuck in a Industrial economy, with strong desirers to become more stable.
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