Aims or - promote the - Defense of - Reduce - maintain - correct - achieve

objective
agricultural the foreign direct mistakes of economic
s
sector country's dependency participatio the growth and
- promotion natural - Imports n from the previous capital
resources state in the model accumulatio
of foreign substitution
- reduce economy - stabilize n
investment - the
- modernizati economic
transformati
- expand the country - provide
dependenc industrial after the satisfaction
on of on of the
e capacity student to workers
commerce national
- Application - stop movement without
- order and economy
of 1968 disturbing
of the labor from being inflation
progress at - stop the financial
laws in agricultural with
all cost interests of
favor of to an monetary economic
the
worker's industrial stability crisis
companies
rights economy
- Promote
- carry out
conciliatory
domestic
acts with
trade
the
industrial
entrepreneu
rs
- improve
basic
services like
health,
water,
housing and
electricity
Economi - exporting - Distribution - To protect, - support - improve - reduction of
c
raw of lands and grow industry salaries interest rate
strategie
materials to through local capitalizatio - reduce to 3%
s or
be ejidos industries by n through a - impulse in
guideline public debt
manufacture - It adopts the protection
s the oil
d abroad
the policy
substitution policy - support the
industry by
and then of import - fiscal agricultural
of increasing
importing and use of sector
economic incentives investment
them back more
nationalism to the in PEMEX
into the domestic or
- The industrial - redirection
country local goods
sector
- the hacienda expropriati
on of the
- subsidies to
- finance
for industrial
production
was the local
oil industry developmen towards
most industries
and t with processed
productive - taxes and/or
Mexican national food,
unit
railways barriers to savings clothing,
- infrastructur imports - establishme footwear
e for - promote - creation of
nt of
domestic
exports guaranteed agricultural
and foreign
- avoid direct prices for insurance
trade
basic - expanded
railway foreign
agricultural
investment coverage of
products
- substitution social
of foreign
- more public services
enterprises - delivery of a
products
- overvalue
- taxes used basket of
to support basic
currency to
the consumptio
lower the
industrial n to 19
cost of
sector million
purchasing
- developmen Mexicans
inputs and
machinery t of
 from abroad infrastructur
- facilitate e works
access to - public
stimuli and investment
credits for in social
growth infrastructur
e
Effects - haciendas - educational - employment - decreased - Private - Expansion of
became very reform, the increased support for investment public
productive socialist - dependence rural decreased services
due to school was activities as - public - Rapid
on the
agriculture introduced a result
international spending economic
and industry - This plan massive
market grew growth
- many urban
paved the decreased compared - Unfair
migration
foreign way for the - small and to income
- uncontrolle distribution
enterprises following - waste of
medium of income
established decades d urban
industries resources - Financial
- foreign growth
flourished for
enterprises - lower cost of
- stabilization unviable
deficit of the
public sector
began to of exchange developme
transport grew from
exploit between nt
- national 6.7% to
mineral pesos and programs
14.8%
sources such consumption dollars for - external
as oil increased $12.5
debt and
- Dramatic fall
industrialization - in oil prices
started
- general growth rate inflation
worldwide
increase in between 6 increased
- national price ad 7% per - private
would bring
overall
industry is - appearance year (about
sector economic
scarce 4% is decent
of state interests instability in
- disparity beyond 6%
monopolies were the long run
is quite
between affected
social
- disappearanc good)
e of market - industrial
classes
self-
- telephone production
regulation
increased by
and
telegraph
- tendency to 8% inflation
stagnation only 2.5%
- World War I and - stabilization
increased obsolescence
economic
demand of of industry
developmen
mining
t
products
- redistributio
- agricultural
productivity
n of rural
decrease
and urban
properties - social
changed discontent
- regions protests,
movements,
developed
etc.
unevenly:
the most
developed
was the
north, the
least
developed
was the
south
- 1929 Great
depression
affected the
national
economy. By
1932
Mexican
economy
fully
recovered
from this
effect