The Mexican miracle that started in 1945 to 1970 was a result of several followed policies and procedures which was imposing high import tariffs, encouraging domestic production, a very effective educational system that lead to a 300% more school enrolment at a time leading to a very efficient workforce in the 1940’s which increased economic input from 1940 to 1981.
The GDP growth reached 6.1% yearly which was very high rate at a time.
The difference between Mexico and Venezuela was that the population size was largely uneven and totally unequal which was in favor of Mexico as it has 122 million citizens but Venezuela had only 30 million. Which means that Mexico had a greater labor force and consumers than Venezuela that is a must in creating
The GDP growth reached 6.1% yearly which was very high rate at a time.
The difference between Mexico and Venezuela was that the population size was largely uneven and totally unequal which was in favor of Mexico as it has 122 million citizens but Venezuela had only 30 million. Which means that Mexico had a greater labor force and consumers than Venezuela that is a must in creating