How The Drug War Is Crippling The Juarez Economy
Long dependent on the US market, Ciudad Juarez is an industrial hub of maquiladoras (factories) that has lost 100,000 jobs since the recession, the president of a local business group told the Christian Science Monitor.
A lack of American demand for the goods Ciudad Juarez produces has been the main culprit. But while Juarez is usually the first place in Mexico to feel the economic impact of US woes, it is also typically the first to bounce back.
The city’s recovery has stalled because of violence, says Carlos Chavira, the president of the local business group Coparmex. Chavira sayslost investments in the industries of information technology, automotives, and electronics have affected the economy. That represents about $450 million.
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