Courtesy Reuters

Mexico Forges Ahead

MEXICO is one of the few constitutional democracies with a rapidly expanding economy. In addition to the inevitable effects of rapid development on the life and habits of the Mexican people, it has resulted in a demand for ever new goals to be achieved. "Let's share alike in growth" has replaced the simple "Let's grow" as the call to work and to think. Thus, Mexico finds that, in order to achieve economic well-being with freedom and social justice, she still has much to learn, and a far greater incentive to learn it now.

Not long ago, this vast Mexican territory was considered to have little economic value or political importance. Many thought it merely a picturesque land which might as well be left to the sleepy villagers who had shown how easy it is to live and be happy on a nicely balanced diet of corn and beans. We know better now. Mexico has ceased to be merely the scene of an ancient civilization and has become one of the fastest growing economies in the world. The reason is clear. Mexicans have learned to work hard and not to depend on the tales of our past riches nor on the illusion of prosperity to be derived from other countries.

How did this revolution come about? The economic development of Mexico has its roots in the political Revolution of 1910, the first of similar twentieth-century movements in many parts of the world. Our present Constitution was drafted in 1917, although unrest continued until 1925. This profound social, political and economic movement produced the agrarian reform, which is one of the pillars of Mexico's agricultural and industrial development. The agrarian reform broke up the feudal structure of land-holding and agricultural production, changed attitudes towards work, and altered patterns of consumption and investment which were not in keeping with a progressive economy. The pre-Revolutionary pattern of self-contained, isolated units and absentee holdings provided little place for productive investment for increasing output on a commercial scale. The extreme

Loading, please wait...

Browse Related Articles on {{search_model.selectedTerm.name}}

{{indexVM.results.hits.total | number}} Articles Found

  • {{bucket.key_as_string}}