The "Mexican Miracle" refers to a period of rapid economic growth in Mexico from the 1940s to the 1970s. During this time, the country experienced significant industrialization, urbanization, and improvements in infrastructure. The government implemented policies that promoted import substitution and encouraged foreign investment, leading to increased production and job creation. This era was marked by a rise in living standards for many Mexicans, as well as advancements in education and healthcare. However, the growth was not without challenges, including income inequality and environmental issues. Ultimately, the "Mexican Miracle" laid the groundwork for Mexico's modern economy.