Search

Begin New Search Topic Economics Political Geography Mexico

101. Mexico and the WTO: A Regional Player in Multilateral Trade Negotiations

Author:
Antonio Ortiz Mena
Publication Date:
03-2003
Content Type:
Working Paper
Institution:
Centro de Investigación y Docencia Económicas
Abstract:
This working paper assesses the impact of the Uruguay Round Agreements of multilateral trade negotiation (MTN) on Mexico and determines the priorities of business and government for an upcoming round of MTN. It draws on secondary sources as well as interviews with business organizations representing Mexico' most important export industries and import-competing sectors. It proceeds as follows: the first section gives an overview of trade polity reforms since 1982; section two covers Mexico's regional trade agreements with special emphasis on the North American Free Trade Agreement; the third section provides and outline of Mexico's current trade policies; the fourth section consists of an assessment of the costs and benefits of Mexico's current World Trade Organization commitments' the fifth sections sets out the views of government and business on a new round of MTN; and the sixth section concludes.
Topic:
Security, Economics, and International Trade and Finance
Political Geography:
North America and Mexico

102. Bankers into Brokers: The Structural Transformation and Opening of Mexico's Financial Markets

Author:
Susan Minushkin
Publication Date:
03-2003
Content Type:
Working Paper
Institution:
Centro de Investigación y Docencia Económicas
Abstract:
Mexico's financial market opening demonstrates how this domestic logic interacts with international condition. The following case study of Mexican financial opening makes the following contentions. First, financial market opening in Mexico did not begin in the 1980s, as commonly believed. Rather the process has its roots in a conflict among sub-sectors of the financial services industry, between powerful oligarchic bankers (banqueros) and financial entrepreneurs based on the bolsa (bolseros). The conflict, dating from the 1960s, was a purely domestic affair and was not the result of increased international capital mobility and financial marked opening in OECD countries. Nevertheless, this conflict led to a structural change in the financial service industry congruent with changes in the international financial system from bank-based financing to increasing securities market-based financing.
Topic:
Economics, Emerging Markets, and International Trade and Finance
Political Geography:
North America and Mexico

103. Policy Reform in the Mexican Telecommunications Sector

Author:
Miguel Ángel Valverde
Publication Date:
02-2003
Content Type:
Working Paper
Institution:
Centro de Investigación y Docencia Económicas
Abstract:
In June 1990, Presidents George Bush and Mexican President Carlos Salinas de Gortari announced their intention to begin negotiating a free trade agreement. Canada joined the negotiations the following August. The proposed North American Free Trade Agreement (NAFTA) provoked an intense lobbying campaign in the U.S. Congress, in what became a major political battle for its congressional approval.
Topic:
Economics, Government, and International Trade and Finance
Political Geography:
Africa, Canada, Central America, and Mexico

104. Clientelism in Flux: Democratization and Interest Intermediation in Contemporary Mexico

Author:
Blanca Heredia Rubio
Publication Date:
02-2003
Content Type:
Working Paper
Institution:
Centro de Investigación y Docencia Económicas
Abstract:
The buoyant optimism spurred by the rush to democracy throughout Latin America along with the high, even if less widespread, hopes about market reform of the last decade have given way to a different mood. The excitement associated with large scale social change has subsided and a certain disillusionment, a hangover of sorts, has begun to set in.
Topic:
Civil Society, Democratization, and Economics
Political Geography:
Latin America, Central America, and Mexico

105. Foreign Policy Strategies in a Globalized World: The Case of Mexico

Author:
Guadalupe González
Publication Date:
02-2003
Content Type:
Working Paper
Institution:
Centro de Investigación y Docencia Económicas
Abstract:
This document analyses the impact of the end of the Cold-War, and the processes of economic and political liberalization on Mexico's foreign policy. The first section identifies the consequences for the so-called intermediate countries of the three most important post-Cold War trends: the emergence of hybrid structure of global power, the wave of globalization, and the growing importance of international institutions. The second section evaluates the explanatory value of three systemic approaches to the study of the foreign policy of intermediate states: systemic-structuralism, middle powers, and pivotal states. In the third section, I evaluate Kahler's alternative approach centered on the interaction between systemic and domestic variables, in particular on the foreign policy consequences of economic liberalization and democratization such as the adoption of external cooperative strategies and the deepening to engagement with international institution. The fourth section describes the main changes that have taken place in Mexico's foreign policy during the 1990s: pragmatism, primacy of economics, closer alignment with the United States, segmented multilateralism, fragmentation of the decision-making process, and new instruments. There are two arguments in this document. First, in contrast to other intermediate liberalizing countries, Mexico's efforts to adapt to the new post-Cold War international system, followed an uneven and partial pattern. While Mexican political leaders pursued the full integration of the country to the international economy, in the security realm they maintain a less than open policy based on the defense of the traditional notion of sovereignty. Mexico's partial adaptation is explained by the different pace of the raid economic reform on the one hand, and the gradual and slow opening of the post-revolutionary political regime, on the other. Second, as Kahler's model predicted, Mexico adopted strategies of cooperation and institutional engagement in order to solve credibility roblems. The need to enhance the credibility of the programs of economic reform pushed the Mexican government to engage actively with economic international institutions.
Topic:
International Relations, Economics, and International Trade and Finance
Political Geography:
Africa, United States, Middle East, North America, and Mexico

106. The New Federalism, Internationalization and Political Change in Mexico: A Theoretical Analysis of the Metalclad Case

Author:
Arturo Borja
Publication Date:
02-2003
Content Type:
Working Paper
Institution:
Centro de Investigación y Docencia Económicas
Abstract:
In this working paper the reader will find a study of the case that led, within the North America Free Trade Agreement, to the first formal dispute between an American firm and the Mexican Government. The firm, Metalclad, invested $22 million in the municipality of Guadalcazar, in the state of San Luis Potosi, to build a plant to process and store industrial waste. The proper disposal and storage of industrial waste represents one of the toughest environmental challenges faced by Mexico. Thus, the federal government, in the 1990s, has made efforts to attract foreign investment to this area. Metalclad, however, got into a dispute with the municipal and state governments. Finally, in December 1995, the former officially denied Metalclad a construction permit for the plant. This action meant, in practice, the end of the investment project.
Topic:
Economics, Industrial Policy, and International Trade and Finance
Political Geography:
America, North America, and Mexico

107. Free Trade, Corn, and the Environment: Environmental Impacts of US - Mexico Corn Trade Under NAFTA

Author:
Frank Ackerman, Kevin Gallagher, Timothy Wise, Luke Ney, and Regina Flores
Publication Date:
06-2003
Content Type:
Working Paper
Institution:
Global Development and Environment Institute at Tufts University
Abstract:
The North American Free Trade Agreement (NAFTA) had a profound impact on corn trade between the United States and Mexico. Negotiated tariff reductions and the Mexican government's decision not to charge some tariffs to which it was entitled resulted in a doubling of US corn exports to Mexico. This paper examines the environmental implications of this change on both sides of the border.
Topic:
Economics, Environment, and International Trade and Finance
Political Geography:
North America and Mexico

108. NAFTA and Small Business Competitiveness in Mexico: The Impacts of Free Trade, Macroeconomic Policy, and Firm Management

Author:
Jerry Haar, Catherine Leroy-Beltrán, and Oscar Beltrán
Publication Date:
04-2003
Content Type:
Working Paper
Institution:
The North-South Center, University of Miami
Abstract:
Despite compelling evidence that, for the most part , benefits from the North American Free Trade Agreement (NAFTA) have exceeded its costs in the United States, Canada, and Mexico, the policy debate continues in all three countries as to whether the accord has produced more “winners” or “losers.” In the case of Mexico, the focus country of this research project, both the Institutional Revolutionary Party (Partido Revolucionario Institucional — PRI) and the National Action Party (Partido Acción Nacional — PAN) have been supportive of NAFTA.
Topic:
Economics, Industrial Policy, and International Trade and Finance
Political Geography:
United States, Canada, North America, and Mexico

109. Economic Survey of Mexico, 2003

Publication Date:
11-2003
Content Type:
Policy Brief
Institution:
The Organisation for Economic Co-operation and Development
Abstract:
Fiscal rectitude, progress towards macroeconomic stabilisation, and past structural reforms have been necessary and desirable, but have not yet been sufficient to raise potential growth to rates that would allow closing the gap in living standards with other OECD countries. Prolonged cyclical weakness, with no unambiguous signs yet of a vigorous upturn, has depressed private investment, which is also hampered by legal and regulatory obstacles in key sectors, electricity in particular. Mexico's catching-up is further hindered by low human capital accumulation. The administration has insufficiently solid and stable revenue to finance necessary social spending and public infrastructure investment on the required scale. Policies should therefore give priority to broadening the tax base and creating conditions - economic, financial and legal - in which a competitive private sector has the ability and incentives to invest more. It is also important to spend more productively in areas such as education; efforts there should concentrate on making the existing school system, and the teaching body, more effective, and on allocating more resources to the training of adults. Although the large informal sector provides a kind of safety valve for many of the low-skilled, the formal sector must become a more attractive place in the longer term in which to work and to employ. Emigration also provides a safety valve, and remittances lift many households out of acute poverty. A migration agreement between the United States and Mexico would bring benefits to both. Levels of water and air pollution are unacceptably high in Mexican urban areas, and though policies are addressing this, the (implicit or explicit) pricing of natural resources and of polluting activities is far from optimal. Overall, Mexico needs to move ahead with comprehensive structural reforms, including most immediately approval of the tax, electricity and labour reforms, so as to fully release the country's growth potential and provide resources to deal with important issues of human capital and poverty relief.
Topic:
Agriculture, Economics, Environment, Human Rights, International Organization, and Political Economy
Political Geography:
Mexico

110. The Gender Impact of Pension Reform in Latin America—and Broader Policy Implications

Author:
Estelle James, Alejandra Cox Edwards, and Rebeca Wong
Publication Date:
06-2003
Content Type:
Working Paper
Institution:
Urban Institute
Abstract:
Over the past two decades multipillar pension systems that include both a public defined benefit (DB) and private defined contribution (DC) pillar have been adopted in many countries. Critics of these pension reforms argue that the tight link between payroll contributions and benefits in the DC pillar will produce lower pensions for women. In contrast, supporters of these reforms argue that multipillar systems remove distortions that favored men and permit a more targeted public pillar that will help women. To test these conflicting claims about multipillar reforms, and to analyze more generally the gender impact of alternative pension systems, this paper examines the differential impact on the two genders of the new and old systems in three Latin American countries—Chile, Argentina, and Mexico. On the basis of household survey data, we simulate the employment histories of representative men and women and the pensions that these are likely to generate under the new and old rules.
Topic:
Economics, Gender Issues, and Human Welfare
Political Geography:
Argentina, South America, Latin America, Central America, North America, Mexico, and Chile