Starting in the 1990s, Mexico's government implemented a series of economic reforms aimed at liberalizing the economy. This included the signing of the North American Free Trade Agreement (NAFTA) in 1994, which encouraged trade with the U.S. and Canada. Additionally, the government privatized state-owned enterprises and reduced trade barriers, shifting towards a more market-oriented economy. These measures aimed to attract foreign investment and stimulate economic growth, though they also led to increased inequality and challenges for local industries.
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