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Expanding industrialization has provided additional jobs for greater numbers of workers and increased oil production has brought in needed foreign currencies.
The projected benefits from commercial accords such as the North American Free Trade Agreement have yet to materialize, but continued growth of international trade with other Latin American nations may invigorate areas of economic investment and production.
From the perspective of the government-controlled political party, first designated as the PNR (Partido Nacional Revolucionario/National Revolutionary Party), and finally, in 1946, as the PRI (Partido Revolucionario Institucional/Institutional Revolutionary Party), a nonviolent revolution was to continue until the goals related to social and economic justice were attained (Ruiz, p. National presidents focused on promoting growth in the industrial sector, but the opening of new jobs did not keep pace with the employment needs of a rapidly expanding population.
Since the 1950s, economic conditions in Mexico have improved at a gradual pace.
Mining was revitalized and foreign trade increased.
Dynamic growth brought relative prosperity to many economic sectors of various regions of the country, complemented by increased levels of employment.
To reverse this movement of manpower out of the country, future administrations in Mexico will have to continue to promote the expansion of economic growth to all regions in the country and the creation of new jobs in the public and private sectors.
The Mexican government initially promoted American settlement in parts of the territory now known as Texas in the 1820s to bolster the regional economy.
In 1517 Spanish explorer Francisco Fernández de Córdoba discovered the Yucatán, a peninsula located in the southeast of Mexico.Spain's generally repressive colonial regime stifled the growth of commerce and industry, monitored or censored the dissemination of new and possibly revolutionary ideas, and limited access to meaningful political power to anyone but nativeborn Spaniards.