Economy
From 1940 and until 1980, Greater Mexico City experienced an intense rate of demographic growth concurrent with the economic policy of import substitution. Mexican industrial production was heavily centralized in Greater Mexico City during this period which produced intense immigration to the city. Close to 52% of the economically active population of Greater Mexico City worked in the industry sector in 1970. This situation changed drastically during the period of 1980 to 2000, in which the economic based shifted to the service sector which in 2000 employed close to 70% of the economically active population in the conurbation. The annual rate of growth decreased sharply as well as the regional and national patterns of immigration: residents are moving out of the core city to the suburbs or to nearby cities, whereas the northern states now receive a larger number of immigrants as new hubs of industrial production. Greater Mexico City's main industries are now related to trade, financial services, insurance companies, telecommunications, informatics and transportation. In spite of the recent shifts in economic production and the decentralization of the economic activity promoted by the government, Greater Mexico City's share of total economic activity in the country is still high, though decreasing. Mexico City proper alone produces 21.8% of the nation's Gross Domestic Product, larger than any of the states.
Read more about this topic: Greater Mexico City
Famous quotes containing the word economy:
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)