For example, if an American company invests in an Indian company, it will be considered a foreign investment. maps that distort the area but keep the shapes intact. Question 11. Look at the large card and try to recall what is on the other side. Special economic zone (SEZ) refers to a particular region with specified boundaries providing competitive infrastructure and tailored laws to attract foreign direct investment into the nation. CAN YOU ANSWER THESE COMMON GRAMMAR DEBATES? Offshore financial centers have sprung up around the world in recent years. Wages are normally based on daily rather than hourly rates and workers are often contracted for 48-hour shifts each week. Form of mass production in which each worker is assigned one specific task to perform repeatedly. [5][6] One of the main goals of the Border Industrialization Program was to attract foreign investment. These factories take raw materials and assemble, manufacture, or process them and export the finished product. A maquiladora is a manufacturing facility established by a foreign-based corporation in a country with low-cost labor to manufacture and export finished products back to its native country. 0000042345 00000 n Based on the Random House Unabridged Dictionary, Random House, Inc. 2023. a factory run by a U.S. company in Mexico to take advantage of cheap labor and lax regulation. an Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page. The definition of maquiladorain the dictionaryis a foreign-owned factory in Mexico which uses cheap Mexican labour to assemble products and then exports the products back to the country of origin. 0000008828 00000 n [24], Many women are injured in maquilas. The North American Free Trade Agreement (NAFTA) was implemented in 1994 to encourage trade between the countries of United States, Mexico, and Canada. A trading center, or simply a trading warehouse where merchandise can be imported and exported without paying for import duties, often at a profit. His boss, whom he admires, is waiting to meet with him about the big project. [9] In 1985, maquiladoras overtook tourism as the largest source of foreign exchange, and since 1996 they have been the second largest industry in Mexico behind the petroleum industry. Applicable for service providers that can assist in the export of goods and services to different manufacturers within Mexico. PDF 2004 AP Human Geography Scoring Guidelines - College Board Of the following choices, manufacturing locations is affected by environmental laws (it may not be eco-friendly to manufacture products in certain areas), labor availability (a product should be manufactured in an area where labor is plentiful), and access to markets (a product should be manufactured in an area where it can be marketed and compete with other similar products). 0000004626 00000 n %PDF-1.4 % It allows a U.S.-based parent company to have a maquiladora in Mexico. This led to an explosion in the number of maquiladorasthe second half of the 1990s saw the number of maquiladoras nearly doubled each yearnot to mention a boost in economic growth to the tune of $345 billion in 2014. Which of the following regions of the world has the most gender equality in its workforce in terms of the number of women participating in the workforce? The arrangement allows plant owners to take advantage of low-cost labour and to pay duty only on the " value added"that is, on the value of the finished product minus the total cost of the components that had . The minimum wage is a legally mandated price floor on hourly wages, below which nonexempt workers may not be offered a job or agree to work. Export-processing zones are areas found in many regions of the developing world. The program ensures that these economic zones will be 100% owned by foreign businesses. Unit 1 Geography: It's Nature & Perspectives 2009 Question 1 Scale FRQ Scoring Guidelines 2008 Question 2 February 2, 2007 (Boston, MA: HBS Publishing, 2005), p. 6. In fact, the pay can be at or below the poverty line. An industry in which the final product weighs more or comprises a greater volume than the inputs. However, manufacturing firearms or radioactive devices, or any other harmful products requires foreign companies to obtain approval from the Mexican Nuclear Regulatory Agency and the Mexican Secretariat of National Defense. 1. Agglomeration. avoid skilled laborers. which specific portion of the question an image, a link, the text, etc your complaint refers to; An industry for which labor costs comprises high percentage of total expenses. This bond allows for all three countries to have free trade of products across the borders. The weight of the raw materials and the finished product should determine the location of the production facility. on or linked-to by the Website infringes your copyright, you should consider first contacting an attorney.
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