January 10, 2014
Mexico Institute Director Duncan Wood and Associate Christopher Wilson responded to the U.S. Department of Commerce Federal Register Notice published on November 25, 2013, which requested stakeholder input on the U.S.‐Mexico High Level Economic Dialogue (HLED)
In their comments, they noted that Mexico and the United States share an economic space and an economic future, and that the HLED is an important and potentially fruitful element in moving that future forward and maximizing the benefits for both countries. They stated that it should be both consolidated through high‐level engagement and institutionalization, and broadened to include a greater dialogue with the private sector and civil society and an expanded focus on border affairs.
Read their testimony here.
December 12, 2013
By Alejandro Chaufen
In his 2009 book, “The Next 100 Years,” George Friedman, the founder of Stratfor, wrote that by the end of the century Mexico will be the main power challenging the U.S. With $500 billion in trade with the U.S. (up from $75 billion two decades ago), with Mexicans spending twice as much on U.S. products as the Chinese, with over 33 million U.S. residents of Mexican origin, with the most frequently crossed international border in the world, it would be irresponsible to wait until the end of the century to pay attention to Mexico.
December 9, 2013
The Los Angeles Times, 12/6/2013
He allegedly raked in millions of dollars to give drug traffickers easy access to the United States. The cocaine flowed north, prosecutors say, and the money in his pocket bought him elegant houses and a couple of private jets.
Tomas Yarrington, former governor of the Mexican border state of Tamaulipas, has been indicted by U.S. federal prosecutors on a host of drug-trafficking, money-laundering and racketeering charges.
October 29, 2013
The International Business Times, 10/29/2013
The outbreak of cholera in Mexico is creeping ever closer to the US border, with five cases confirmed in an area that is less than 250 miles from the Texas border.
The Ministry of Health in Mexico has reported five cases around La Huasteca, an area covering the states of Tamaulipas, Veracruz, Puebla, Hidalgo, San Luis Potosí, Querétaro, and Guanajuato.
October 24, 2013
The Hill, 10/24/2013
If U.S. officials wanted to learn how government can operate well in modern times, all they need to do is look south. Mexico’s executive and legislative leaders are demonstrating how bipartisan cooperation can make great progress for the benefit of their people.
After enacting major reforms in telecom, broadcasting, education, labor relations and the governance of public institutions earlier this year, the Mexican Congress is now moving to reform its fiscal and energy laws. The combination is a model of progressive legislating that, in the end, will undoubtedly improve Mexico’s economic competitiveness.
October 8, 2013
The Christian Science Monitor, 10/07/2013
For an institution often associated with scandal and shenanigans, Mexico’s Congress always approves its annual budget – and on time.
Mexico’s lower house of Congress has been debating part of its 2014 budget, which the conservative opposition alleges will kill the middle class with proposed tax increases on everything from their incomes to pet food to private school tuition.
July 9, 2013
Financial Times, 7/8/2013
Even before Ben Bernanke hinted back in May that the US Federal Reserve could soon start scaling back its massive bond-buying programme, Mexican bonds were feeling the pinch. From 3.9 per cent in late April, yields on the country’s most-traded dollar-denominated bond, the so-called M24, rose by as much as 160bp before settling at 5.18 per cent – or 128.7bp higher – at the end of last week. But is this really a Fed effect?
It would be easy to attribute the sudden rise in yields to foreign investors selling off emerging market assets as they worry about the end of QE. But the reality is more complex. Data from Banco de México, the central bank, show that foreigners held their Mexican bond positions pretty steady over the past couple of months. In late May, for example, they owned $93bn in government bonds. As of June 25, the amount of bonds held in foreign hands was $80bn, a decline of 14 per cent. Looked at another way, the amount of Mexican bonds being held by foreign investors is still some 6.4 per cent higher than the $75.2bn they held at the end of December 2012.