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The Place You Thought You Knew…….
MEXICO:HISTORY
Classic Period
(1500BC-
700AD)
Post Classic
Period (700AD-
1519AD)
Conquest
(1519AD)
Birth of Mexico
Independence
From Spain
(1821)
Colonial Period
(1519-1821)
Mexican
Revolution
(1910-1929)
One Party Rule
(1929-2000)
End of One
Party Rule
(2000-
Classic Period
(1500 BC-700
AD)
Mesoamerican
Teotihuacan
(Central
Mexico)
Nahua
peoples(south
Mexico)
Post Classic
Period (700-1519
AD)
Toltec Culture
(Central
America)
Chichen Itza
(lowlands of
Mexico)
Aztecs had a
tribute form of
control.
Conquest
(1519AD)
Arrival of
Hernán Cortés
Massacre of
Main Temple
Smallpox
Epidemic
(killed 15M
people)
Colonial Period
(1519-1821)
Part of Vice
Royalty of
New Spain.
Others were
Cuba, Costa
Rica and
Florida
Administratio
n based on
Race
Independence
From Spain
Miguel Hidalgo y
Costilla “Loyalist
Revolt”
José María Morelos
creation of “Solemn
act of declaration of
Independence”.
Treaty Of Cordoba
& Declaration of
Independence of
Mexican Empire
Birth Of Mexico
Augustine de
Iturbide “first
Emperor”
Revolt in 1823
created United
Mexican States
Guadalupe Victoria
first President.
Reform wars,
occupation by
France. Ended with
hanging of
Maximillian
Mexican
Revolution
Forced exile of
President Porfirio
Diaz.
Francisco I. Madero
became president,
later assassinated.
War Ended by
constitutional army
led by Venustiano
Carranza.
One Party
Rule
1929 formation of
PNR(National
Revolutionary
Party) by Calles
Nationalization of
OIL exploration
companies
Mexican Miracle
(high economic
growth but country
remained poor)
End of One
Party Rule
Carlos Salinas de
Gortari became
president.
Signed NAFTA
(North American
Free Trade
Agreement)
Collapse of
Economy in
1994.Recovered
through US support.
MEXICO:14° & 33° N 86° & 119° W
Area
• Total:1,972,55
0 sq km
• Land:1,923,
040 sq km
• Water::
49,510 sq
km
Land Sharing
• Belize 250 km
• Guatemala
962 km
• USA 3,141
km
Biodiversity
• 10%-12% of
world
• Second
Fastest rate of
deforestation
• Ranked first
in biodiversity
of reptiles
(707)
Country Area (SQ
KM)
1.Russi
a
17,098,
242
2.Cana
da
9,984,6
70
3.China 9,572,9
00
4.Unite
d
States
9,526,4
68
5.Brazil 8,515,7
67
6.Austr
alia
7,692,0
24
7.India 3,166,4
14
8.Arge
ntina
2,780,4
00
14.Me
xico
1,964,3
75
North
• California
• Arizona
• New Mexico and
• Texas
South and West
• Pacific Ocean
East
• Gulf Of Mexico
Borders Lowest Point
• Laguna Salada at -10
Meters
Highest Point
• Pico de Orizaba at
5,700 Meters (North
America)
Borders
• Coast Lines 9330 kms
• Land boundaries 4353
kms
Facts
MEXICO:DEMOGRAPHY
60%
30%
9% 1%
ETHNIC GROUPS
Mestizo(Am
erindian-
Spanish)
AmerIndian
White
Spanish Only
Spanish and
Indegious
Indegenious
Unspecified
*indigenous languages include various Mayan, Nahuatl, and
other regional languages (2005)
Population
27.9
18.1
40.4
7 6.9
POPULATION
DEMOGRAPHICS
0-14 15-24 25-54 55-64 65 & over
CRUDE FERTILITY RATE
MEXICO
• 19.02
births/1,000
• World Rank
111
INDIA
• 21.00
births/1000
• World Rank
86
WORLD
• 19.12
births/1000
URBANIZATION • 78.1% of
total
populatio
n
• 1.49%
annual
change
HEALTHEXPENDITURES
• 6.4% Of
GDP.
• Ranked
97
• INDIA:
4.1% Of
GDP
EDUCATIONEXPENDITURE
• 6.1% Of
GDP
(2009)
• Ranked
72
• INDIA:
4% Of
GDP
• Total 93.5%
• Male 94.8%
• Female 92.3%
Literacy Rate
• Total 9.4%
• Male:9.1%
• Female:9.9%
Un-
Employment
Rate
• Literacy Rate:74.04%
• Un-Employment: 8.8%India
Traditional
Men
Urban
Women
Traditional
Women
Celebration/
Carnival
Clothing
Working class : Includes
staples such as corn or
wheat tortillas, along
with beans, rice,
tomatoes, chili peppers
and chorizo, a type of
pork sausage.
Middle- and upper-
income class: Are more
closely aligned with diets
of Americans and
Europeans and include a
wide variety of food
items prepared in wide
range of culinary styles.
Mexico is known for its
tequila, which is made
from agave cactus. Soda
is a very popular drink in
Mexico has a well-
developed beverage
industry.
FOOD
• Clay pottery
• Embroidered Cotton Garments
• Wool Shawls and outer garments
• Colourful Baskets and RugsMexican folk art
• Group of musicians playing violins and
guitars, bases,vihuelas and trumpets
wearing silver-studded ‘charro’ suits
Mariachi Style of folk music
Holidays and celebrations
Dec 12
The day of the
Virgin
Guadalupe
Sept. 16
Independence
Day
May 5
Cinco De Mayo
Nov 1 & 2
Day of the
Dead
Main Holidays and Celebrations
ENERGY RESOURCES
RESOURCE VALUE UNITS RANK TOP FIVE AND INDIA
RENEWABLE
SOURCES
15.286 TWh 1 4
2 5
3 6
COAL
RESERVES
1211 Million
tons
25 1 4
2 5
3
NATURAL GAS
RESERVES
359,700,000,000 Cubic Meters
(cu m)
37 1 4
2 5
3 25
OIL
RESERVES
10,264 BARRELS
(MMbbl)
18 1 4
2 5
3 19
MINING RESOURCES
 The country is a major producer of silver, gold, copper, lead, zinc
and molybdenum.
 World’s number one silver producer with a production of over 10
billion ounces of silver and current annual production in excess of
100 million ounces a year.
Silver Gold
(in million ounces) (in metric tons)
RANK COUNTRIES PROD’N
1 MEXICO 169.7
2 PERU 118.1
3 CHINA 118
4 AUSTRALIA 59.2
5 RUSSIA 45.4
13 INDIA 12.1
RANK COUNTRIES PROD’N
1 CHINA 420
2 AUSTRALIA 255
3 USA 227
4 RUSSIA 220
5 PERU 150
8 MEXICO 100
OIL PRODUCTION
• RUSSIA (13.8%)
• SAUDI
ARABIA(13.09%)
• USA(12.23%)
• CHINA(5.15%)
• CANADA(4.54%)
• IRAN(4.14%)
• IRAQ(3.75%)
• UAE(3.76%)
• VENEZUELA(3.56%)
• MEXICO(3.56%)(10th)
• INDIA(1.04%)(23rd)
POLITICAL SYSTEM
Presidential
System
Executive Legislative Judicial
Federal
Government
LEGEL SYSTEM
FOREIGN INVESTMENT
LAW
LAND AQUISATION LAW
LABOR LAWS
ENVIRONMENT LAW
Economy at a glance
48th in
ease of
doing
business
Easy
Business
10th
Largest
PPP
14th
Largest
Size
Economic History
Porfirio Diaz
• Change agent for Mexico in 1876
Development
• Unsustainable
Large landmass
• Owned by powerful few
Impact
Feudal Lords
No
representative
government
No need of
Police Force
No Free
Markets
Mexican Miracle
Ejido – The Bhudan of
Mexico
High production still
higher imports
Import Substitution
Industrialization
1930-1970
Crisis’ favourite child
Economic Indicators*
* Data Courtesy: Worldbank url: www.data.worldbank.com
Gross National Income in PPP
Savings
Gross Domestic Produce
GDP Growth Rate
Consumer Price Index
FDI Inflow
GINI Index
25.3, 25%
66.7, 67%
3.3, 3%
4.7, 5%
MEXICAN GDP Industry
Service
Agriculture
Mining
Ease Of Doing Buisiness in Mexico:
Ease Of dong buisiness in India:
Trades In Mexico: 12 free trade agreement with 44 countries.
FDI IN MEXICO:
•A slew of economic reforms in industries ranging from
telecoms to energy by President Enrique Pena Nieto.
• Mexico drew a record $35.2 billion in foreign direct
investment (FDI) last year
MAJOR INDUSTRIES IN MEXICO
ELECTRONICS AUTOMOBILE
CEMENT AEROSPACE
ELECTRONICS
Sixth largest:
CHINA-US-
JAPAN-SOUTH
KOREA-TAIWAN
Exported to
around $71.4
billion in 2011
Grew by 20%
between 2010 &
2011 against 17%
in 2003 & 2009
Represents 30%
of exports
TELEVISION
COMPUTERS
OEM & ODM
MANUFACTURERS
ELECTRONICS
25% of exports
In 2009 became
leader
Third largest
producer
Falco & Flex
electronics
MAJOR COMPANIES
• SONY-TOSHIBA-SHARP
• SAMSUNG-LG-PHILIPS
TELEVISION
• DELL-SONY-HP ACER
• COMPAQ-SAMSUNG-LENEVO
COMPUTERS
• FOXCONN-CELESTICA
• PLEXUS-ELCOTEQ
OEMS &
ODM
The Geography of electronic Industry
Home Appliances
AUTOMOBILE
Forms 17.6% of manufacturing sector
2.8 million cars per year from 20 plants across
Mexico
In 2014 $10billion investments done in first
few months
Existence of the ‘Big Three’
8th largest automaker & 4th largest exporter
Contribution to GDP 3.6%
GM
16%
FORD
15%
NISSAN
14%
VW
14%
DC
13%
TOYOTA
5%
MAZDA
3%
MITSUBISHI
2%
ISUZU
2% SUZUKI
16%
MARKET
SHARE
TOP AUTOMAKERS
AEROSPACE
Exports amounted to $5.4 billions in 2012
FDI in the sector exceeded $1300 millions
Mexico is one of the few countries with a Bilateral
Aviation Safety Agreement (BASA) with the Federal
Aviation Administration (FAA).
MD Helicopters, Bell, Cessna, Bombardier
Aeromarmi, Frisa aerospace & Kou aerospace
CEMENT
15th in world, after China, India, Iran, USA….
Six major cement producers:
Cemex(49%) (World’s 3rd largest)
Holcim Apasco(21%)
Cruz Azul(16%)
Cementos Moctezuma(10%)
Cementos Chihuahua
Lafarge Cementos
Overview of Manufacturing Sector
Mexican manufacturing has a significant advantage in
energy costs
Manufacturing wages, are likely to be 30 percent lower
than in China by 2015.
Mexico has more free-trade agreements than any other
country.
Industry clusters, especially in autos and appliances, are
growing.
Maquiladora
TOP THREE COMPANIES IN MEXICO
GLOBAL
RANK
100
349
400
COMPANY
AMERICA
MOVIL
FEMSA
GRUPO
MEXICO
SALES
($billion)
60.2
18.5
10.4
PROFITS
($billion)
7.1
1.6
2.4
ASSETS
($billion)
74.6
22.6
18.4
MARKET
VALUE
($billion)
70.7
37.7
32.3
Agriculture - Products
Product
Quantity
(Metric Ton)
World Rank
Avocados 1,040,390 1
Onions and chayote 1,130,660 1
Limes and lemons 1,824,890 1
Sunflower seed 212,765 1
Dry fruits 95,150 2
Papaya 955,694 2
Oranges 3,969,810 3
Chicken meat 2,245,000 3
Mangoes 1.503.010 4
Corn 20,000,000 4
SERVICES
• 59.8% of GDP (PPP)
• 61.9% of Work Force
• Major Parts:
Energy and Power
Infrastructure
Retail
Tourism
Banking and Finance
SERVICES: Opportunities
• Mexico’s government is focused on improving its
infrastructure in many fronts
• Mexico invests heavily in new container ports and the
modernization of airports and railroads
• The 2013‐2018 National Infrastructure Program (NIP),
2013
• Estimated US$400 billion dollars for investment in
infrastructure.
• The government plans to invest approximately US$2.5
billion dollars in developing wind farms
http://www.napsintl.com/manufacturing-in-mexico/infrastructure-in-mexico/

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Ibm mexico

  • 1. The Place You Thought You Knew…….
  • 2. MEXICO:HISTORY Classic Period (1500BC- 700AD) Post Classic Period (700AD- 1519AD) Conquest (1519AD) Birth of Mexico Independence From Spain (1821) Colonial Period (1519-1821) Mexican Revolution (1910-1929) One Party Rule (1929-2000) End of One Party Rule (2000-
  • 3. Classic Period (1500 BC-700 AD) Mesoamerican Teotihuacan (Central Mexico) Nahua peoples(south Mexico) Post Classic Period (700-1519 AD) Toltec Culture (Central America) Chichen Itza (lowlands of Mexico) Aztecs had a tribute form of control. Conquest (1519AD) Arrival of Hernán Cortés Massacre of Main Temple Smallpox Epidemic (killed 15M people) Colonial Period (1519-1821) Part of Vice Royalty of New Spain. Others were Cuba, Costa Rica and Florida Administratio n based on Race
  • 4. Independence From Spain Miguel Hidalgo y Costilla “Loyalist Revolt” José María Morelos creation of “Solemn act of declaration of Independence”. Treaty Of Cordoba & Declaration of Independence of Mexican Empire Birth Of Mexico Augustine de Iturbide “first Emperor” Revolt in 1823 created United Mexican States Guadalupe Victoria first President. Reform wars, occupation by France. Ended with hanging of Maximillian Mexican Revolution Forced exile of President Porfirio Diaz. Francisco I. Madero became president, later assassinated. War Ended by constitutional army led by Venustiano Carranza.
  • 5. One Party Rule 1929 formation of PNR(National Revolutionary Party) by Calles Nationalization of OIL exploration companies Mexican Miracle (high economic growth but country remained poor) End of One Party Rule Carlos Salinas de Gortari became president. Signed NAFTA (North American Free Trade Agreement) Collapse of Economy in 1994.Recovered through US support.
  • 6. MEXICO:14° & 33° N 86° & 119° W Area • Total:1,972,55 0 sq km • Land:1,923, 040 sq km • Water:: 49,510 sq km Land Sharing • Belize 250 km • Guatemala 962 km • USA 3,141 km Biodiversity • 10%-12% of world • Second Fastest rate of deforestation • Ranked first in biodiversity of reptiles (707) Country Area (SQ KM) 1.Russi a 17,098, 242 2.Cana da 9,984,6 70 3.China 9,572,9 00 4.Unite d States 9,526,4 68 5.Brazil 8,515,7 67 6.Austr alia 7,692,0 24 7.India 3,166,4 14 8.Arge ntina 2,780,4 00 14.Me xico 1,964,3 75
  • 7. North • California • Arizona • New Mexico and • Texas South and West • Pacific Ocean East • Gulf Of Mexico Borders Lowest Point • Laguna Salada at -10 Meters Highest Point • Pico de Orizaba at 5,700 Meters (North America) Borders • Coast Lines 9330 kms • Land boundaries 4353 kms Facts
  • 8. MEXICO:DEMOGRAPHY 60% 30% 9% 1% ETHNIC GROUPS Mestizo(Am erindian- Spanish) AmerIndian White Spanish Only Spanish and Indegious Indegenious Unspecified *indigenous languages include various Mayan, Nahuatl, and other regional languages (2005)
  • 11. CRUDE FERTILITY RATE MEXICO • 19.02 births/1,000 • World Rank 111 INDIA • 21.00 births/1000 • World Rank 86 WORLD • 19.12 births/1000
  • 12. URBANIZATION • 78.1% of total populatio n • 1.49% annual change HEALTHEXPENDITURES • 6.4% Of GDP. • Ranked 97 • INDIA: 4.1% Of GDP EDUCATIONEXPENDITURE • 6.1% Of GDP (2009) • Ranked 72 • INDIA: 4% Of GDP
  • 13. • Total 93.5% • Male 94.8% • Female 92.3% Literacy Rate • Total 9.4% • Male:9.1% • Female:9.9% Un- Employment Rate • Literacy Rate:74.04% • Un-Employment: 8.8%India
  • 15. Working class : Includes staples such as corn or wheat tortillas, along with beans, rice, tomatoes, chili peppers and chorizo, a type of pork sausage. Middle- and upper- income class: Are more closely aligned with diets of Americans and Europeans and include a wide variety of food items prepared in wide range of culinary styles. Mexico is known for its tequila, which is made from agave cactus. Soda is a very popular drink in Mexico has a well- developed beverage industry. FOOD
  • 16. • Clay pottery • Embroidered Cotton Garments • Wool Shawls and outer garments • Colourful Baskets and RugsMexican folk art • Group of musicians playing violins and guitars, bases,vihuelas and trumpets wearing silver-studded ‘charro’ suits Mariachi Style of folk music
  • 17. Holidays and celebrations Dec 12 The day of the Virgin Guadalupe Sept. 16 Independence Day May 5 Cinco De Mayo Nov 1 & 2 Day of the Dead Main Holidays and Celebrations
  • 18. ENERGY RESOURCES RESOURCE VALUE UNITS RANK TOP FIVE AND INDIA RENEWABLE SOURCES 15.286 TWh 1 4 2 5 3 6 COAL RESERVES 1211 Million tons 25 1 4 2 5 3 NATURAL GAS RESERVES 359,700,000,000 Cubic Meters (cu m) 37 1 4 2 5 3 25 OIL RESERVES 10,264 BARRELS (MMbbl) 18 1 4 2 5 3 19
  • 19. MINING RESOURCES  The country is a major producer of silver, gold, copper, lead, zinc and molybdenum.  World’s number one silver producer with a production of over 10 billion ounces of silver and current annual production in excess of 100 million ounces a year. Silver Gold (in million ounces) (in metric tons) RANK COUNTRIES PROD’N 1 MEXICO 169.7 2 PERU 118.1 3 CHINA 118 4 AUSTRALIA 59.2 5 RUSSIA 45.4 13 INDIA 12.1 RANK COUNTRIES PROD’N 1 CHINA 420 2 AUSTRALIA 255 3 USA 227 4 RUSSIA 220 5 PERU 150 8 MEXICO 100
  • 20. OIL PRODUCTION • RUSSIA (13.8%) • SAUDI ARABIA(13.09%) • USA(12.23%) • CHINA(5.15%) • CANADA(4.54%) • IRAN(4.14%) • IRAQ(3.75%) • UAE(3.76%) • VENEZUELA(3.56%) • MEXICO(3.56%)(10th) • INDIA(1.04%)(23rd)
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  • 23. LEGEL SYSTEM FOREIGN INVESTMENT LAW LAND AQUISATION LAW LABOR LAWS ENVIRONMENT LAW
  • 24. Economy at a glance 48th in ease of doing business Easy Business 10th Largest PPP 14th Largest Size
  • 25. Economic History Porfirio Diaz • Change agent for Mexico in 1876 Development • Unsustainable Large landmass • Owned by powerful few
  • 27. Mexican Miracle Ejido – The Bhudan of Mexico High production still higher imports Import Substitution Industrialization 1930-1970
  • 29. Economic Indicators* * Data Courtesy: Worldbank url: www.data.worldbank.com
  • 37. 25.3, 25% 66.7, 67% 3.3, 3% 4.7, 5% MEXICAN GDP Industry Service Agriculture Mining
  • 38. Ease Of Doing Buisiness in Mexico:
  • 39. Ease Of dong buisiness in India:
  • 40. Trades In Mexico: 12 free trade agreement with 44 countries.
  • 42. •A slew of economic reforms in industries ranging from telecoms to energy by President Enrique Pena Nieto. • Mexico drew a record $35.2 billion in foreign direct investment (FDI) last year
  • 43. MAJOR INDUSTRIES IN MEXICO ELECTRONICS AUTOMOBILE CEMENT AEROSPACE
  • 44. ELECTRONICS Sixth largest: CHINA-US- JAPAN-SOUTH KOREA-TAIWAN Exported to around $71.4 billion in 2011 Grew by 20% between 2010 & 2011 against 17% in 2003 & 2009 Represents 30% of exports
  • 45. TELEVISION COMPUTERS OEM & ODM MANUFACTURERS ELECTRONICS 25% of exports In 2009 became leader Third largest producer Falco & Flex electronics
  • 46. MAJOR COMPANIES • SONY-TOSHIBA-SHARP • SAMSUNG-LG-PHILIPS TELEVISION • DELL-SONY-HP ACER • COMPAQ-SAMSUNG-LENEVO COMPUTERS • FOXCONN-CELESTICA • PLEXUS-ELCOTEQ OEMS & ODM
  • 47. The Geography of electronic Industry
  • 49. AUTOMOBILE Forms 17.6% of manufacturing sector 2.8 million cars per year from 20 plants across Mexico In 2014 $10billion investments done in first few months Existence of the ‘Big Three’ 8th largest automaker & 4th largest exporter Contribution to GDP 3.6%
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  • 55. AEROSPACE Exports amounted to $5.4 billions in 2012 FDI in the sector exceeded $1300 millions Mexico is one of the few countries with a Bilateral Aviation Safety Agreement (BASA) with the Federal Aviation Administration (FAA). MD Helicopters, Bell, Cessna, Bombardier Aeromarmi, Frisa aerospace & Kou aerospace
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  • 58. CEMENT 15th in world, after China, India, Iran, USA…. Six major cement producers: Cemex(49%) (World’s 3rd largest) Holcim Apasco(21%) Cruz Azul(16%) Cementos Moctezuma(10%) Cementos Chihuahua Lafarge Cementos
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  • 60. Overview of Manufacturing Sector Mexican manufacturing has a significant advantage in energy costs Manufacturing wages, are likely to be 30 percent lower than in China by 2015. Mexico has more free-trade agreements than any other country. Industry clusters, especially in autos and appliances, are growing. Maquiladora
  • 61. TOP THREE COMPANIES IN MEXICO GLOBAL RANK 100 349 400 COMPANY AMERICA MOVIL FEMSA GRUPO MEXICO SALES ($billion) 60.2 18.5 10.4 PROFITS ($billion) 7.1 1.6 2.4 ASSETS ($billion) 74.6 22.6 18.4 MARKET VALUE ($billion) 70.7 37.7 32.3
  • 62. Agriculture - Products Product Quantity (Metric Ton) World Rank Avocados 1,040,390 1 Onions and chayote 1,130,660 1 Limes and lemons 1,824,890 1 Sunflower seed 212,765 1 Dry fruits 95,150 2 Papaya 955,694 2 Oranges 3,969,810 3 Chicken meat 2,245,000 3 Mangoes 1.503.010 4 Corn 20,000,000 4
  • 63. SERVICES • 59.8% of GDP (PPP) • 61.9% of Work Force • Major Parts: Energy and Power Infrastructure Retail Tourism Banking and Finance
  • 64. SERVICES: Opportunities • Mexico’s government is focused on improving its infrastructure in many fronts • Mexico invests heavily in new container ports and the modernization of airports and railroads • The 2013‐2018 National Infrastructure Program (NIP), 2013 • Estimated US$400 billion dollars for investment in infrastructure. • The government plans to invest approximately US$2.5 billion dollars in developing wind farms http://www.napsintl.com/manufacturing-in-mexico/infrastructure-in-mexico/

Editor's Notes

  1. Porfirio Diaz : Mexican president Porfirio Díaz brought unprecedented economic growth during the last quarter of the nineteenth century. This growth was accompanied by foreign investment and European immigration, the development of an efficient railroad network and the exploitation of the country's natural resources. Annual economic growth between 1876 and 1910 averaged 3.3%.[22] Political repression and fraud, as well as huge income inequalities exacerbated by the land distribution system based on latifundios, in which large haciendas were owned by a few but worked by millions of underpaid peasants living in precarious conditions, led to the Mexican Revolution (1910–1917), an armed conflict that drastically transformed Mexico's political, social, cultural, and economical structure during the twentieth century under a premise of social democracy. The war itself, however, left a harsh toll in the economy and population, which decreased over the 11-year period between 1910 and 1921. The reconstruction of the country was to take place in the following decades.
  2. The period from 1930 to 1970 was dubbed by economic historians as the "Mexican Miracle", a period of economic growth that followed the end of the Mexican Revolution and the resumption of capital accumulation during peacetime. During this period the nation adopted the economic model of import substitution industrialization (ISI) which protected and promoted the development of national industries. The country experienced an economic boom through which industries rapidly expanded their production.[23] Important changes in the economic structure included free land distribution to peasants under the concept of ejido, the nationalization of the oil and railroad companies, the introduction of social rights into the constitution, the birth of large and influential labor unions, and the upgrading of infrastructure. While population doubled from 1940 to 1970, GDP increased sixfold during the same period.[24]