May-June 2018 GSE Report Flip Book

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TRACKING THE GOVERNMENT’S ROLE IN THE FINANCIAL SERVICES INDUSTRY
A new hope for Mexico?
In July 2018, Mexico will elect not just a new president but every senator and representative, several governors and numerous local posts — more than 3,000 positions in all. The largest turnover of elected officials in Mexico’s modern history, this vote will affect the nation’s path for years if not decades to come. It will determine whether Mexico remains pragmatic, open to trade and investment, supportive of regional integration and friendly to the U.S.—or whether it turns inward, matching a U.S. turn toward protectionism and hostility and foregoing integration in favor of a more independent foreign policy and deeper relationships with other nations...
No other country influences the U.S. as much as its southern neighbor. Mexico remains one of America’s largest trading partners, exchanging nearly $600 billion in goods that support millions of U.S.-based jobs and communities. It is the ancestral home to some 37 million Mexican-Americans and immigrants, and the place of residence for the largest U.S. diaspora. The two nations’ energy refineries, pipelines and grids are interwoven, as are their waterways and environments. Each nation increasingly relies on the other to enhance national security and provide basic safety, sharing information and intelligence as they police local streets and go after terrorists and organized crime networks.
Shannon K. O’Neil
Council on Foreign Relations Blog
November 9, 2017
The last twenty years have been a disappointment for Mexico. The country has built up a new type of export-oriented manufacturing but has largely failed to kickstart a new era of economic growth or spread the wealth generated by the NAFTA-era economic model beyond a small and privileged segment of society. ...Mexico always seems poised to become tomorrow’s great economic success story, but unfortunately it may never reach its full potential. ...
The combination of decades of slow wage growth, the persistence of a sprawling informal economy, and high levels of crime and corruption have proven to be unsustainable. People in Mexico are fed up.
Nathaniel Parish Flannery
Forbes
June 30, 2018
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