The term 'Shell' companies refers to entities often used for illegal purposes, while the entry of major oil corporations like BP and Shell in Mexico after market liberalization impacted competition. Corporations play a crucial role in the economy but are also criticized for exploiting resources in developing nations.
"Shell" companies refer to businesses that often serve as vehicles for illegal activities, such as money laundering, tax evasion, and fraud, by disguising the true ownership and purpose of the company.
In the context of the provided information, the introduction of companies like BP and Shell to operate in Mexico after market liberalization is an example of how oil companies entered a previously protected market, leading to increased competition and choices for consumers.
Corporations are significant players in the global economy, providing products and services, but they can also face criticism for practices such as exploiting resources and labor in developing nations for profit, as seen in the example of Shell's operations in Nigeria.
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