Monterrey y Bilbao (1870-1914): empresariado, industria y desarrollo regional en la periferia

Abstract

Bilbao (Northern Spain) and Monterrey (Northern Mexico) gave birth to interesting cycles of industrial growth during the latenineteenth century.These two cities became centers of regional growth, spurred by demands generated both in countries that had already achieved industrial revolution, and in their domestic markets. This paper compares how Bilbao and Monterrey experienced this process between 1870 and
1914, as well as describing the appearance of efficient entrepreneurial groups dedicated to the trading, manufacturing, banking and mining industries. It also mentions issues such as the importance acquired by heavy metallurgy, the swift adoption of technology from advanced societies and the relevance of anonymous societies in the large-scale transfer of capital for production.