Knowra Mexican miracle Mexican miracle The Mexican miracle was a period of rapid industrial growth and relative economic stability, mainly from the 1940s through the 1970s, supported by state-led development and expanding domestic markets.
Import substitution industrialization : An economic strategy that builds domestic industries by replacing imported goods with locally produced ones. Mexico used tariffs, import controls, and support for local firms to expand manufacturing.
Mexican Revolution : An armed conflict and political upheaval in Mexico that began in 1910 and reshaped the country’s institutions. Its aftermath established political priorities and institutions that shaped later development.
Mexican urbanization : The growth of Mexico’s cities and urban population, especially during the twentieth century. Industrial jobs drew people from rural areas into expanding cities.
Mexican manufacturing : The production of industrial goods in Mexico, including machinery, textiles, food products, and consumer goods. Manufacturing was a central engine of the period’s industrial expansion.
Mexican economic miracle : A common alternative name for Mexico’s decades of rapid postwar growth and relative stability. This label is often used for the same growth period and emphasizes its economic performance.
Institutional Revolutionary Party : The Mexican political party that governed nationally for most of the period from 1929 to 2000. Its long rule provided continuity for economic planning and policy.
Mexican middle class : The social groups in Mexico whose livelihoods and status depend on professional, commercial, and salaried work. Industrial growth and expanding public employment enlarged urban middle-class populations.
Mexican agriculture : The cultivation of crops and raising of livestock in Mexico. Agricultural modernization and productivity helped supply cities and industry.
Mexican developmentalism : A state-led approach to economic development that directs investment and promotes industrial growth. Public investment and policy coordination helped shape the expansion of industry.
Lázaro Cárdenas : Mexican president from 1934 to 1940, known for land reform and the nationalization of the oil industry. His reforms strengthened state control over resources before the main growth decades.
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