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Mexican dating customs

This growth was accompanied by foreign investment and European immigration, the development of an efficient railroad network and the exploitation of the country's natural resources. Political repression and fraud, as well as huge income (in)equalities exacerbated by the land distribution system based on latifundios, in which large haciendas were owned by a few but worked by millions of underpaid peasants living in precarious conditions, led to the Mexican Revolution (1910–1920), an armed conflict that drastically transformed Mexico's political, social, cultural, and economical structure during the twentieth century under a premise of social democracy.The war itself left a harsh toll on the economy and population, which decreased over the 11-year period between 19.Important changes in the economic structure included free land distribution to peasants under the concept of ejido, the nationalization of the oil and railroad companies, the introduction of social rights into the constitution, the birth of large and influential labor unions, and the upgrading of infrastructure.While population doubled from 1940 to 1970, GDP increased sixfold during the same period.During the Salinas administration (1988–94) many state-owned companies were privatized.The telephone company Telmex, a government monopoly, became a private monopoly, sold to Carlos Slim.Mexico had 15 companies in the Forbes Global 2000 list of the world's largest companies in 2016.

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Tax revenues, all together 19.6 percent of GDP in 2013, are the lowest among the 34 OECD countries.Also not opened to private investors were the government oil company Pemex or the energy sector.Furthermore, the banking system that had been nationalized in the waning hours of the López Portillo administration in 1982 were privatized, but with the exclusion of foreign banks.In 2006, trade with Mexico's two northern partners accounted for almost 90% of its exports and 55% of its imports.Recently, the Congress of the Union approved important tax, pension and judicial reforms, and reform to the oil industry is currently being debated.As an export-oriented economy, more than 90% of Mexican trade is under free trade agreements (FTAs) with more than 40 countries, including the European Union, Japan, Israel, and much of Central and South America.The most influential FTA is the North American Free Trade Agreement (NAFTA), which came into effect in 1994, and was signed in 1992 by the governments of the United States, Canada and Mexico.The Mexican economy has had an unprecedented macroeconomic stability, which has reduced inflation and interest rates to record lows and has increased per capita income.In spite of this, enormous gaps remain between the urban and the rural population, the northern and southern states, and the rich and the poor.During this period the nation adopted the economic model of import substitution industrialization (ISI) which protected and promoted the development of national industries.Mexico experienced an economic boom through which industries rapidly expanded their production.


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