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:
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)
“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)
“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)