of information and responsibilities to date," in one of the most tragic events in the history of Guadalajara. The investigation of the facts lasted more than 11 years in which insufficient evidence was found to appoint a manager, investigations are now closed attributing the events to an accident. This event, in addition to Mexico's 1994 economic crisis, resulted in the loss of Guadalajara's industrial power. Modern era The city has hosted numerous important international events, such as the first Cumbre Iberoamericana in 1991; the Third Summit of Heads of State and Governments of Latin America, the Caribbean, and the European Union in 2004; the Encuentro Internacional de Promotores y Gestores Culturales in 2005; and the 2011 Pan American Games. It was named the American Capital of Culture in 2005 and the Ciudad Educadora (Educator City). in 2006. It was recognized as Mexico's first Smart City due to its use of developing technology. During each government period, the city went through structural plans with which new areas and commercial hubs were born and with which transnational corporations and international industries arrived in the city. The city housed the first shopping malls in Mexico. The city expanded rapidly before merging with the Zapopan municipality. Among the developments created during this period were the Guadalajara Expo, the light rail, shopping centers, the expansion of streets and avenues, and the birth and development of road infrastructure, services, tourism, industrial, etc. The first shopping center in Latin America emerged in the city, the first urban electric-train system in Latin America, and the first private university in Mexico. A 2007 survey entitled "Cities of the Future," FDi magazine ranked Guadalajara first among major Mexican cities and second among major North American cities in terms of economic potential, behind Chicago. The magazine also rated it as the most business-friendly Latin American city in 2007. Geography Climate Under the Köppen climate classification, Guadalajara has a humid subtropical climate (Cwa) that is quite close to a tropical climate, featuring dry, warm winters and hot, wet summers. Guadalajara's climate is influenced by its high altitude and the general seasonality of precipitation patterns in western North America. Although the temperature is warm year-round, Guadalajara has strong seasonal variation in precipitation. The northward movement of the Inter-Tropical Convergence Zone brings a great deal of rain in the summer months, whereas, for the rest of the year, the climate is rather dry. The