Economy
Laredo has four South Texas banking institutions Falcon International Bank, International Bank of Commerce, BBVA Compass, and Texas Community Bank. As a result of Laredo's location in North America, Interstate Highway 35 / Mexican Federal Highway 85, the passage of the North American Free Trade Agreement (NAFTA), dozens of twin assembly plants, and dozens of import export agencies to expedite trade, Laredo is the largest inland port in the United States, and Nuevo Laredo the largest in Latin America. Laredo is a shopping destination for Mexican shoppers from Northern Mexico.
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Famous quotes containing the word economy:
“War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?””
—Doris Lessing (b. 1919)
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)