Word: maquiladoras
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Dates: during 1984-1984
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...build so-called twin plants, one north of the border and the other south. A typical company manufactures its materials in the U.S. plant, sends them to the Mexican factory for assembly and then returns them to the U.S. for packaging. The Mexicans have given the plants the name maquiladoras, meaning golden mills, because of the economic benefit they bring. The biggest maquiladora is RCA's TV-chassis assembly plant in Ciudad Juárez, which employs 6,000. Says Armando León, a National Bank of Mexico official who helps finance the plants: "It is a classic...