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381. What the Cancun Meeting Can Achieve

Author:
Claude E. Barfield
Publication Date:
09-2003
Content Type:
Policy Brief
Institution:
American Enterprise Institute for Public Policy Research
Abstract:
As the WTO Ministerial Meeting opens in Cancún, Mexico, conflict surrounds the agenda. U.S. negotiators must find a balance between compromise and assertiveness to overcome soured U.S.-EU relations and should push for a sharp reduction in agricultural trade barriers, increased liberalization in the service sectors, and reductions in the remaining tariffs on industrial products.
Topic:
International Relations, Foreign Policy, Democratization, and Economics
Political Geography:
Central America, North America, and Mexico

382. Picking Up the Pieces: Comparing the Social Impact of Finacial Crisis in Mexico and Argentina

Author:
Manuel Pastor and Carol Wise
Publication Date:
10-2003
Content Type:
Working Paper
Institution:
Center for International Studies, University of Southern California
Abstract:
After a committed process of macroeconomic stabilization that began during the mid-1980s in most of Latin America, many observers began to speak of the need for a “second generation” of reforms that could more firmly establish the bases for economic growth and correct for longstanding distributional inequities. By the mid-1990s serious reformers like Argentina and Mexico seemed to be on the cusp of tackling this distributional backlog by launching so-called second phase market reforms meant to correct for earlier shortcomings in the social realm (Naím 1995; Pastor and Wise 1999). However, in both cases, financial crises erupted: Mexico's crash of December 1994, which saw a forty percent devaluation of the peso and a massive outflow of portfolio capital; and, more recently, Argentina's 2002 meltdown, which while simmering since the Brazilian devaluation of 1999, finally caused the country's commitment to a fixed exchange rate to be abandoned.
Topic:
Economics and Government
Political Geography:
Brazil, Argentina, South America, Latin America, North America, and Mexico

383. Radical Groups in Mexico Today

Author:
Gustavo Hirales Morán
Publication Date:
09-2003
Content Type:
Working Paper
Institution:
Center for Strategic and International Studies
Abstract:
Since January 1, 1994, the day when the armed uprising of the Zapatista Army for National Liberation (EZLN) was announced, it has been evident that Mexico is facing a second generation of radical organizations. The first generation, dating back to the 1970s, consisted of armed groups made up mainly of students, rural classroom teachers, and campesinos (i.e., subsistence farmers and agricultural workers along with their families). This generation's choice to pursue armed struggle revealed a trio of influences: Cuba's experience, socialist ideology, and the outrage and indignation produced by the repression and crackdown on nonviolent avenues of political opposition unleashed under the governments of Gustavo Díaz Ordaz (1964–1970) and Luis Echeverría Álvarez (1970–1976).
Topic:
Security
Political Geography:
United States, Latin America, North America, and Mexico

384. North American Economic Integration Policy Options

Author:
Earl H. Fry
Publication Date:
07-2003
Content Type:
Working Paper
Institution:
Center for Strategic and International Studies
Abstract:
At the end of 2003, the North American Free Trade Agreement (NAFTA) will have been in effect for a decade, and although the accord will not be fully implemented for another five years, almost all of its important provisions are already in place. The model for NAFTA was the Canada-U.S. Free Trade Agreement (CUSFTA), which was put in motion in 1989 and was to be fully implemented within 10 years but was superseded by NAFTA after only five years in operation. NAFTA itself has created the world's largest free-trade area, encompassing the United States, Mexico, and Canada; 21.3 million square miles of territory; 422 million people; almost $12 trillion in yearly production; and $615 billion in annual three-way merchandise trade. North American trade, investment, government-to-government, and people-to-people exchanges have increased dramatically over the past decade and decisionmakers in Washington, D.C., Mexico City, and Ottawa will soon have to consider whether continental economic integration should move to the next level in the form of a customs and monetary union or even a common market possessing many of the attributes of the European Union (EU).
Topic:
Economics and International Trade and Finance
Political Geography:
United States, Europe, Canada, Latin America, Central America, North America, Mexico, and Ottawa

385. The Spring 2002 Term of the Mexican Congress

Author:
Jeffrey A. Weldon
Publication Date:
05-2003
Content Type:
Working Paper
Institution:
Center for Strategic and International Studies
Abstract:
The spring session of the second year of the 58th Legislature in Mexico, in comparison with most recent years, was more productive than average. Although there were a few major negative incidents, the strained relationship between the executive and legislative branches did not lead to complete paralysis on executive legislation.
Topic:
Government
Political Geography:
United States, Latin America, Central America, and Mexico

386. Banking Reform and Development in the Middle East and Africa

Author:
Catherine Boone and Henry Clement
Publication Date:
03-2003
Content Type:
Working Paper
Institution:
Centro de Investigación y Docencia Económicas
Abstract:
This study underscores the strategic role —both political and economic— of banking sector reform in the overall pursuit of economic development and democratization. It compares trajectories of banking sector reform in Middle Eastern and African countries that have remained on the margins of the new global economy. A close look shows that there governments' willingness to embrace reform has differed across contexts, as has the extent and pace of reform. Meanwhile, the effects of reform have also been very uneven. We model this variation in reform trajectories and its outcomes, propose a theoretical explanation for it, and use a set of case studies to illustrate the contrasts and causal dynamics that we have identified. Our main claim is that structural features of national political economies go far in defining actual trajectories of banking sector reform and liberalization. Structural features of national political economies that we define as key are the strength of indigenous private sector, and how it is linked to the state and foreign capital. We propose a typology of banking structure and reform trajectories and use case studies from the Middle East and Africa to illustrate variation in the politics of banking sector reform.
Topic:
Development and Political Economy
Political Geography:
Africa, United States, Middle East, Canada, North America, and Mexico

387. 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

388. 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

389. 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

390. 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