Foreign companies that operate in Mexico with privileges in exchange for hiring Mexican citizens are known as maquiladoras.
<h3>What are maquiladora industries</h3>
Correspond to manufacturing and service destination factories for making, transforming or repairing foreign goods such as the US. These industries exist in peripheral countries, where there is cheaper labor and less bureaucracy.
Therefore, in Mexico, the installation of maquiladora industries received government incentives in programs carried out by Mexico and the USA, generating more jobs for local workers and reducing costs for transnational companies.
Find out more information about transnational companies here:
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