In global city regions: growth is spurred by investment in the primary sector of the economy9/21/2023 ![]() ![]() Theory Soc 28(1):39–78Ĭastells M (2000) Materials for an exploratory theory of the network society. Nat Int 49:23–29īrenner N (1999) Beyond state-centrism? Space, territoriality, and geographical scale in globalization studies. Columbia University Press, New Yorkīerger PL (1997) Four faces of global culture. Cambridge University Press, Cambridge, pp 289–321īauman Z (1998) Globalization the human consequences. In: Leiderman L, Razin A (eds) Capital mobility: the impact on consumption, investment and growth. Instituto Nacional de Estadística y Geografía (INEGI), PIB and National Accounts, 2022.Alesina A et al (1994) The political economy of capital controls. ![]() This growth will be strengthened by the economic development strategy of the Mexican Government that includes a consolidation of domestic consumption as a result of the implementation of social programs and financial inclusion, an increase of private investment in infrastructure and strategic sectors, a higher level of public investment, and an increase in exports as a consequence of the reconfiguration of global value chains. It is foreseen that it will grow during 2022. In the period between 20, the Mexican economy grew at an average of 2.8%, however, due to the fall in oil prices in 2019 and the global economic crisis caused by COVID-19 in 2020, the economy has been affected in recent years. In the 3rd quarter of 2022, this sector represented 63.38% of GDP and employed 62.33% of the labor force, while the industrial sector represented 28.90% of GDP and employed 25.41% of the labor force, and the primary sector represented 3.36% of GDP and employed 12.26% of the labor force. Mexico’s economy is especially strong in the service sector.
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