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Mexican Miracle
The Mexican miracle () is a term used to refer to the country's inward-looking development strategy that produced sustained economic growth. It is considered to be a golden age in Mexico's economy in which the Mexican economy grew 6.8% each year. It was a stabilizing economic plan which caused an average growth of 6.8% and industrial production to increase by 8% with inflation staying at only 2.5%. Beginning roughly in the 1940s, the Mexican government would begin to roll out the economic plan that they would call "the Mexican miracle," which would spark an economic boom beginning in 1954 spanning some 15 years and would last until 1970. In Mexico, the Spanish economic term used is "Desarrollo estabilizador" or "Stabilizing Development." Conditions for sustained growth An important factor helping sustained growth in the period 1940–1970 was the reduction of political turmoil, particularly around national elections, with the creation of a single, dominant party. In 1946, t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mexican Oil Expropriation
The Mexican oil expropriation () was the Nationalization of oil supplies, nationalization of all petroleum reserves, facilities, and Big Oil, foreign oil companies in Mexico on March 18, 1938. In accordance with Article 27 of the Constitution of Mexico, Constitution of 1917, President of Mexico, President Lázaro Cárdenas declared that all mineral and oil reserves found within Mexico belong to the nation. The Mexican government established a State-owned enterprise, state-owned petroleum company, Petróleos Mexicanos, or PEMEX. For a short period, this measure caused an international boycott of Mexican products in the following years, especially by the United States, the United Kingdom, and the Netherlands, but with the outbreak of World War II and the alliance between Mexico and the Allies of World War II, Allies, the disputes with private companies over compensation were resolved. The anniversary, March 18, is now a Mexican Public holidays in Mexico#Civic holidays, civic holida ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pepsi-Cola
Pepsi is a Carbonated water, carbonated soft drink with a cola flavor, manufactured by PepsiCo which serves as its flagship product. In 2023, Pepsi was the second most valuable soft drink brand worldwide behind Coca-Cola; the two share a long-standing rivalry in what has been called the "cola wars". Pepsi, originally created in 1893 by Caleb Bradham and named "Brad's Drink," was first sold in his drugstore in New Bern, North Carolina. Renamed Pepsi-Cola in 1898 due to its supposed digestive benefits, it was shortened to Pepsi in 1961. The beverage's formula initially included sugar and vanilla but not pepsin, despite speculation on the origin of its name. Early on, Pepsi struggled with financial stability, going bankrupt in 1923 but was subsequently purchased and revived by Charles Guth, who reformulated the syrup. Pepsi gained popularity with the introduction of a 12-ounce bottle during the Great Depression and clever marketing strategies like the "Nickel, Nickel" jingle, dou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Coca-Cola
Coca-Cola, or Coke, is a cola soft drink manufactured by the Coca-Cola Company. In 2013, Coke products were sold in over 200 countries and territories worldwide, with consumers drinking more than 1.8 billion company beverage servings each day. Coca-Cola ranked No. 94 in the 2024 Fortune 500, ''Fortune'' 500 list of the List of largest companies in the United States by revenue, largest United States corporations by revenue. Based on Interbrand's "best global brand" study of 2023, Coca-Cola was the world's List of most valuable brands, sixth most valuable brand. Originally marketed as a temperance bar, temperance drink and intended as a patent medicine, Coca-Cola was invented in the late 19th century by John Stith Pemberton in Atlanta, Georgia. In 1888, Pemberton sold the ownership rights to Asa Griggs Candler, a businessman, whose marketing tactics led Coca-Cola to its dominance of the global soft-drink market throughout the 20th and 21st centuries. The name refers to t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Credit Rating
A credit rating is an evaluation of the credit risk of a prospective debtor (an individual, a business, company or a government). It is the practice of predicting or forecasting the ability of a supposed debtor to pay back the debt or default. The credit rating represents an evaluation from a credit rating agency of the qualitative and quantitative information for the prospective debtor, including information provided by the prospective debtor and other non-public information obtained by the credit rating agency's analysts. Credit reporting (or credit score) is a subset of credit rating. It is a numeric evaluation of an ''individual's'' credit worthiness, which is done by a credit bureau or consumer credit reporting agency. Sovereign credit ratings A sovereign credit rating is the credit rating of a sovereign entity, such as a national government. The sovereign credit rating indicates the risk level of the investing environment of a country and is used by investors when looki ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hydroelectric
Hydroelectricity, or hydroelectric power, is Electricity generation, electricity generated from hydropower (water power). Hydropower supplies 15% of the world's electricity, almost 4,210 TWh in 2023, which is more than all other Renewable energy, renewable sources combined and also more than nuclear power. Hydropower can provide large amounts of Low-carbon power, low-carbon electricity on demand, making it a key element for creating secure and clean electricity supply systems. A hydroelectric power station that has a dam and reservoir is a flexible source, since the amount of electricity produced can be increased or decreased in seconds or minutes in response to varying electricity demand. Once a hydroelectric complex is constructed, it produces no direct waste, and almost always emits considerably less greenhouse gas than fossil fuel-powered energy plants. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Import-substitution
Import substitution industrialization (ISI) is a protectionist trade and economic policy that advocates replacing foreign imports with domestic production. It is based on the premise that a country should attempt to reduce its foreign dependency through the local production of industrialized products. The term primarily refers to 20th-century development economics policies, but it has been advocated since the 18th century by economists such as Friedrich List and Alexander Hamilton. ISI policies have been enacted by developing countries with the intention of producing development and self-sufficiency by the creation of an internal market. The state leads economic development by nationalization, subsidization of manufacturing, increased taxation, and highly protectionist trade policies. In the context of Latin American development, the term "Latin American structuralism" refers to the era of import substitution industrialization in many Latin American countries from the 1950s to t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
President Of Mexico
The president of Mexico (), officially the president of the United Mexican States (), is the head of state and head of government of Mexico. Under the Constitution of Mexico, the president heads the executive branch of the federal government and is the commander in chief of the Mexican Armed Forces. The office, which was first established by the 1824 Constitution of Mexico, federal Constitution of 1824, is currently held by Claudia Sheinbaum, who was sworn in on October 1, 2024. The office of the president is considered to be revolutionary, in the sense that the powers of office are derived from the Mexican Revolution, Revolutionary Constitution of Mexico, Constitution of 1917. Another legacy of the Mexican Revolution is the Constitution's ban on re-election. Mexican presidents are limited to a single six-year term, called a ''sexenio (Mexico), sexenio.'' No one who has held the post, even on a caretaker basis, is allowed to run or serve again. The constitution and the office of t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
World War II
World War II or the Second World War (1 September 1939 – 2 September 1945) was a World war, global conflict between two coalitions: the Allies of World War II, Allies and the Axis powers. World War II by country, Nearly all of the world's countries participated, with many nations mobilising all resources in pursuit of total war. Tanks in World War II, Tanks and Air warfare of World War II, aircraft played major roles, enabling the strategic bombing of cities and delivery of the Atomic bombings of Hiroshima and Nagasaki, first and only nuclear weapons ever used in war. World War II is the List of wars by death toll, deadliest conflict in history, causing World War II casualties, the death of 70 to 85 million people, more than half of whom were civilians. Millions died in genocides, including the Holocaust, and by massacres, starvation, and disease. After the Allied victory, Allied-occupied Germany, Germany, Allied-occupied Austria, Austria, Occupation of Japan, Japan, a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Massachusetts Institute Of Technology
The Massachusetts Institute of Technology (MIT) is a Private university, private research university in Cambridge, Massachusetts, United States. Established in 1861, MIT has played a significant role in the development of many areas of modern technology and science. In response to the increasing Technological and industrial history of the United States, industrialization of the United States, William Barton Rogers organized a school in Boston to create "useful knowledge." Initially funded by a land-grant universities, federal land grant, the institute adopted a Polytechnic, polytechnic model that stressed laboratory instruction in applied science and engineering. MIT moved from Boston to Cambridge in 1916 and grew rapidly through collaboration with private industry, military branches, and new federal basic research agencies, the formation of which was influenced by MIT faculty like Vannevar Bush. In the late twentieth century, MIT became a leading center for research in compu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Monterrey Institute Of Technology And Higher Education
Monterrey Institute of Technology and Higher Education (ITESM; ), also known as Technological Institute of Monterrey () or just Tec, is aresearch university based in Monterrey, Mexico, which has grown to include 35 campuses located across 25 cities in the country and 22 liaison offices in other 15 countries. The university was founded in 1943 by Eugenio Garza Sada, who was educated at MIT in the United States. Eugenio Garza Sada was an industrialist and philanthropist from Monterrey. ITESM was the first university outside the U.S. to establish an internet connection in the Western Hemisphere, linking the University of Texas at San Antonio directly. It is also one of Mexico’s leading universities in terms of patents, particularly in: * Biomedicine. * Biotechnology. * Food science and agroindustry. * Electrical, aerospace engineering and manufacturing. The business school, both at the undergraduate and graduate levels (master’s and doctoral programs), is among the most rec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Instituto Politécnico Nacional
The National Polytechnic Institute (), abbreviated IPN, is one of the largest public universities in Mexico with 171,581 students at the high school, undergraduate and postgraduate levels. It is the second-best university in Mexico in the technical and engineering domain according to the QS World University Rankings by Subject 2018. It was founded on 1 January 1936 during the administration of President Lázaro Cárdenas. The institute consists of 98 academic units offering 290 courses of study. It includes 57 technical careers, 79 undergraduate and 154 postgraduate programs. Its main campus, called 'Unidad Profesional Adolfo López Mateos' or 'Zacatenco', located in northern Mexico City, covers approximately . The IPN is based primarily in Mexico City, but with several research institutes and facilities distributed over 22 states. History The institute was founded on January 1, 1936, during the administration of President Lázaro Cárdenas in what had been previously kn ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
