In the twentieth century, export–led industrialization fuelled by foreign investment and technology (ELIFIT) has become an economic and social development strategy for many countries of Third World. In the 1950s and 1960s, a group of Latin American and East Asian countries adopted such a strategy and allowed U.S. and European companies to use their cheap labor with the hope that this would lead to economic development. For East Asian countries, originally Hong Kong, …showed first 75 words of 3970 total…

…showed last 75 words of 3970 total…that the government of Mexico has failed to take the necessary steps in policy making that would trigger the evolution of economic development. The government attracted foreign investment through offering various advantages to capital owners but it has failed to make the necessary policies with the fear of losing its foreign investors. If the Mexican government had imposed the necessary policies, maquila industry could have brought a substantial level of economic development into the country.