Mexico Porfirian Modernization

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Mexico - Porfirian Modernization

Porfirian modernization

Diaz's strategy of export-oriented growth led to Mexico's rapid integration into the world economy. The modernization program was based on exploitation of the country's natural resources, using cheap domestic labor and foreign capital and technology for export production.

The Díaz regime encouraged manufacturing through export incentives, high protective tariffs on foreign manufactured products, low transportation costs, and abolition of the transactions tax on business. The number of industrial enterprises--most of them heavily backed by United States, French, German, and British investors--grew rapidly, and the volume of manufactured goods doubled between 1877 and 1910.

Foreign capital fueled dynamic growth, and an expanding rail network promoted export agriculture, manufacturing, and mining. Agriculture and livestock export products expanded to include cattle and cattle hides, coffee, cotton, henequen, sugar, vanilla, and chicle. Railroads allowed the exploitation of new land in the north for cotton cultivation and enabled Mexico to double its cotton production between 1887 and 1910.

The railroads also contributed to the revival of mining because they provided the only feasible means of transporting huge amounts of ore. Legal reforms in 1884 lowered taxes on mining and allowed foreign ownership of subsoil resources, spurring a large increase in United States and European investment in Mexican mines.

You can read more regarding this subject on the following websites:

The Modernization of Mexico 1850-1900 - Emazine - Mexico - Porfirian Modernization - Society
Mexico During the Porfiriato - The Mexican Revolution and
Networks and Entrepreneurship: The Modernization of the
Porfirio Díaz - Wikipedia

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