Mexico Vocab

Sexeno

Mexican Presidential term

Maquiladora

Foreign-owned manufacturing - US firms get cheap labor, Mexicans get training, infrastructure, jobs

Microcredit

Small loans to individuals in developing countries

Camarilla

19th and 20th century political networks

OPEC

13 member countries + Mexico and others, controlling 73% of known global reserves

Structural adjustment

These are frequently required by the IMF for additional loans

HDI

Primarily based on health, education level, and standard of living

PRI

Dominant party for the first 71 years of Mexican independence

NIC

Term broadly describing the developing world. Mexico may not be included today

Subsistence economy

In the South especially, production is frequently focused on providing for yourself and your community (rather that export and trade)