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Following the end of the revolution in 1917, Mexico embarked on a period of economic reconstruction. Mexico finally saw economic growth after the revolution in 1930, from then on to 1970, which was spurred by import-substitution industrialization that promoted the development of national industry. Economic historians refer this period as the Mexican Miracle. Import-substitution industrialization (ISI) allowed for economic development that spurred rapid industry expansion. The growth of this period occurred with changes in the economic structure of the country. These changes included free land distribution to peasants under the concept of ejido, the nationalization of the oil and railroad companies, the introduction of social rights into the constitution, the birth of large and influential labor unions, and the upgrading of infrastructure. During this period the population doubled and the GDP increased six-fold. By the 1960s, the ISI model had reached its peak. The over speculation...
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Title: Mexico Economic Problems: Post Revolution
Approximate word count: 546
Approximate pages: 3 (250 words per double-spaced page)
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Mexico Economic Problems: Post Revolution. Following the end of the revolution
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