August 14, 2014
On Monday August 11, Mexican President Enrique Peña Nieto enacted the secondary legislation of the energy reform, composed of 9 new laws and amendments to 12 existing ones. With this action, a new chapter in the economic development of Mexico begins.
Read two articles about Mexico’s Energy Reform. First, a piece written by Jesús Reyes Heroles on energy reform and democracy. Second, Pedro Valenzuela and Duncan Wood assess the energy reform and its process following the enactment of the secondary legislation. Also, the Mexico Institute charts the course of the energy reform beginning in 2012, when Enrique Peña Nieto, then-Candidate for the Mexican Presidency, made the commitment to reform the energy sector by 2015.
January 3, 2014
By Duncan Wood
Last year will go down as an extraordinary, historic year in Mexico. A number of structural and political reforms that had been pending for 15 years were approved by the country’s Congress addressing education, labor markets, telecoms competition, financial regulation, fiscal affairs, elections rules and energy. The government of Enrique Peña Nieto remained the darling of international investors throughout the year, and received record levels of foreign direct investment in the first year of its mandate, by following through on his promised reform agenda and delivering the legislation needed to prepare Mexico for a more competitive global economic environment. His ruling PRI (Revolutionary Institutional Party) showed coherence and unity throughout the year, and the other major parties agreed to work closely with the PRI to secure legislative progress.
January 3, 2014
By Duncan Wood and Christopher Wilson
FT Beyondbrics, 1/3/2014
We will look back on 2013 as a truly historic year for Mexico. The scale of the reform process that was undertaken and largely achieved by President Enrique Peña Nieto is astonishing by comparison not only with other countries around the world today, but also in the context of recent Mexican history. For 15 years Mexico had seemed condemned to endure one of the less palatable elements of democratic systems, legislative gridlock. However President Peña Nieto, through a combination of determination, hard bargaining and political skill, has managed to work with the congress to pass a series of major reforms that do much to put Mexico on the road to modernity and competitiveness.
January 2, 2014
By Christopher Wilson and Duncan Wood
With the North American Free Trade Agreement completing 20 years, it is a good moment to reflect and look toward the region’s future and its place in the world economy.
It is important to recognize that NAFTA was a first-generation free trade agreement, originally conceived in the 1980s, and for that reason it was very limited.
November 26, 2013
By Laura Dawson, Christopher Sands, and Duncan Wood
The San Diego Agenda came out of the North American Competitiveness and Innovation Conference (NACIC) held in San Diego October 27-29, 2013 where Canadian Trade Minister Ed Fast, Mexican Economy Secretary Ildefonso Guajardo and U.S. Commerce Secretary Penny Pritzker met to discuss “three countries, two borders, one economy.” In this publication, Duncan Wood, Chris Sands and Laura Dawson argue that North American economic integration must be deepened in order to compete more effectively globally.
Read the full publication here.
November 6, 2013
Mexico Institute Director Duncan Wood spoke to Jeremy Martin, Energy Program Director at the Institute of the Americas, about Mexico and energy. Listen to the podcast here.
October 17, 2013
By Duncan Wood
As the Mexican congress debates two major economic reforms (fiscal and energy) a third reform debate, this time over changing the rules and institutions of the Mexican political system, is in full swing. Recent proposals by the opposition PAN and PRD parties have highlighted rival but complementary plans for addressing what are seen by some as the most problematic weaknesses of democracy in the country. As a central element of the Pacto por Mexico, we should expect that political reform will occur, and its implications for Mexico’s political balance will be profoundly felt.
Over the past three decades, piecemeal political reforms in Mexico have played a role in the gradual transformation from a closed authoritarian system to an evolving democracy. The true significance of many of these reforms was not apparent at the time, but they have played important roles in the path of democratization. The creation of the Instituto Federal Electoral (IFE) stands out as perhaps the most important of these but, as Rod Camp has pointed out, other reforms have proven to be highly significant in the long term.
Read the full article here.