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1631. Mexico — Overheating Arguments

Author:
Caspar Fithin
Publication Date:
10-2000
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
The recommendation reflects a conflict between the bank and the finance ministry over whether or not the economy is overheating. Increasingly, the conflict is being fought in public circles after months of low-key clashes. The uncharacteristic rift between the monetary and fiscal authorities is likely to widen over the final two months of the Zedillo administration, as signs of overheating continue to accumulate. While pressure for a substantial fiscal adjustment is likely to be irresistible when Fox takes over on December 1, concerns are growing regarding his capacity to execute such a policy.
Topic:
Economics, Government, Political Economy, and Politics
Political Geography:
North America and Mexico

1632. Mexico — Post-Election Challenges

Author:
Caspar Fithin
Publication Date:
07-2000
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
In the initial burst of euphoria that has accompanied the end of virtual one-party rule in Mexico, the magnitude of the challenge facing the incoming government is in danger of being overlooked. For those concerned with furthering democracy, it is enough that former Coca-Cola executive Vicente Fox will become the country's first president from outside the Partido Revolucionario Institutional (PRI) in more than seven decades. Investors, who sent the peso and the Mexico City bourse soaring after Sunday's election, are just happy that a clear winner emerged and that the feared collapse of governability has apparently been avoided.
Topic:
Government and Politics
Political Geography:
North America and Mexico

1633. El TLCAN y la Inversióon Extranjera Directa: El Nuevo Escenario

Author:
Arturo Borja
Publication Date:
01-2000
Content Type:
Working Paper
Institution:
Centro de Investigación y Docencia Económicas
Abstract:
This working paper looks at the changes that have taken place in North America in foreign direct investment (FDI) after NAFTA. The first part analyses the regime defined in the treaty. The main four principles of this regime are: "national treatment", the prohibition of performance requirements for investors, a more liberal norm for foreign ownership of firms, institutional procedures for the solution of disputes. The rule of origin is identified as the most important measure for non-North American investors. The second part offers an empirical evaluation of changes in FDI flows during the first five years of NAFTA. It compares that period with the five years previous to the implementation of the agreement. The findings show a significant increase in FDI going to Mexico, Canada and the United States. At the same time, there have been changes in the distribution of these flows within the region. More FDI is going now to the United States than to Mexico, and investments between Canada and the U.S. are growing at a higher rate than those between Mexico and the U.S. The paper also identifies different patterns between Mexico and Canada. The increases in Canadian investments suggests that Canadian multinationals are adapting their strategies to the new conditions created by NAFTA.
Topic:
Economics, Emerging Markets, and International Trade and Finance
Political Geography:
United States, Canada, North America, and Mexico

1634. Drug Trafficking in US-Mexican Relations: The Politics of Simulation

Author:
Jorge Chabat
Publication Date:
01-2000
Content Type:
Working Paper
Institution:
Centro de Investigación y Docencia Económicas
Abstract:
This document presents the hypothesis that the Mexican and U.S. governments are trapped in their current anti-drug strategy. This strategy causes high levels of violence and corruption in Mexican territory, and cannot be changed because it responds to pressures exerted by American public opinion on its own government. One of the consequences is that the U.S. government is compelled annually to certify the Mexican government's fight against drugs. This certification constrains an accurate evaluation of Mexico's combat against narcotrafficking, because it tends to underestimate failures and exaggerate accomplishments. Nevertheless, the possibility of change in the anti-drug strategy is limited, so this scenario is expected to endure for several years. In this sense on can also expect a better integration f Mexican and U.S. anti-drug policies in the near and medium term.
Topic:
International Relations, Crime, and Government
Political Geography:
United States, America, North America, and Mexico

1635. Humanitarian Action: A Transatlantic Agenda for Operations and Research

Author:
Larry Minear and Thomas G. Weiss
Publication Date:
01-2000
Content Type:
Working Paper
Institution:
Watson Institute for International and Public Affairs at Brown University
Abstract:
During the first decade of seismic aftershocks associated with the end of the Cold War, the humanitarian community has experienced tensions along numerous fault lines. Tensions that have loomed largest include those between organizations that deliver life-saving emergency assistance and those committed to protecting basic human rights, those between practitioners confronting daunting choices in the field and researchers examining the options available and choices made, and those between professionals in North America and in Europe seized with these issues.
Topic:
Security, Foreign Policy, Human Rights, and International Organization
Political Geography:
Europe and North America

1636. The New Asian Challenge

Author:
C. Fred Bergsten
Publication Date:
03-2000
Content Type:
Working Paper
Institution:
Peterson Institute for International Economics
Abstract:
The initial postwar challenge from East Asia was economic. Japan crashed back into global markets in the 1960s, became the largest surplus and creditor country in the 1980s, and was viewed by many as the world's dominant economy by 1990. The newly industrialized countries (Korea, Taiwan, Hong Kong, Singapore) followed suit on a smaller but still substantial scale shortly thereafter. China only re-entered world commerce in the 1980s but has now become the second largest economy (in purchasing power terms), the second largest recipient of foreign direct investment inflows, and the second largest holder of monetary reserves. Indonesia and most of Southeast Asia grew at 7 percent for two or more decades. The oil crises of the 1970s and the financial crises of the late 1990s injected temporary setbacks but East Asia has clearly become a third major pole of the world economy, along with North America and Western Europe.
Topic:
Economics, International Trade and Finance, and Political Economy
Political Geography:
Japan, China, Europe, Israel, Taiwan, East Asia, Asia, North America, Korea, Singapore, and Hong Kong

1637. International Economic Agreements and the Constitution

Author:
Richard M. Goodman and John M. Frost
Publication Date:
02-2000
Content Type:
Working Paper
Institution:
Peterson Institute for International Economics
Abstract:
International agreements, such as the General Agreement on Tariffs and Trade (GATT) and the North American Free Trade Agreement (NAFTA), generally aim to facilitate the free flow of goods and services among nations. The U.S. Supreme Court has developed a jurisprudence similarly aiming to facilitate the free flow of goods and services among the several states. That jurisprudence has developed from litigation challenging the constitutionality of state actions on the basis of the Commerce and Supremacy Clauses of the Constitution (art. I, § 8, cl. 3, and art. VI, cl. 2). In some subject areas, Commerce Clause decisions closely align with international agreements. In other areas, either or both fall short of achieving economic integration.
Topic:
Economics, Government, International Trade and Finance, and Political Economy
Political Geography:
United States and North America