In a recent intervention at the general debate of the United Nations' General Assembly, President Peña Nieto unveiled a decision that had long been awaited by scholars working on Mexican foreign policy. In a cautious manner...he announced that Mexico would now participate in the United Nations' Peacekeeping Operations.
With time, the coverage, quality, and timeliness of economic data published in Mexico has changed. The National Institute of Statistics and Geography (INEGI for its Spanish acronym) does quality work but has paces and delimited periods for technical reasons. Banco de México (the central bank of Mexico) does the same. On the other side, the Ministry of Finance (SHYCP for its acronym in Spanish) has declined in detail and timeliness. In other agencies, the information is published with substantial delays.
Since 2008, journalists' rights to write and express their opinions had been seriously limited in Mexico. Mexico is now one of the world's most dangerous and complicated places to practice journalism. Read the latest article by Diana Negroponte, a member of the Mexico Institute's Advisory Board.
A debate has recently emerged regarding the issue of raising Mexico’s minimum wage. Proponents call attention to the fact that the minimum wage is much lower than other countries in Latin America. Others fear an increase in the minimum wage would spark inflation and warn that this debate is used as a distraction from the real issue of increasing productivity.
On August 11, 2014, President Peña Nieto signed into law the 21 component parts of a comprehensive energy reform. Eight months after introducing constitutional amendments to radically transform Mexico’s hydrocarbon and electricity sectors, private investors and Petróleos Mexicanos (PEMEX) can leave the starting gate. Read the latest article by Diana Negroponte, a member of Mexico Institute's Advisory Council
The Mexico Institute charts the course of the energy reform beginning in 2012, when Enrique Peña Nieto, then-Candidate for the Mexican Presidency, made the commitment to reform the energy sector by 2015. The end goal of this reform is to make the energy industry more competitive and to drive Mexico’s economic growth
On Monday August 11, Mexican President Enrique Peña Nieto enacted the secondary legislation of the energy reform, composed of 9 new laws and amendments to 12 existing ones. With this action, a new chapter in the economic development of Mexico begins in which the private sector will be allowed to invest in various areas related to the exploration for and exploitation of natural resources such as oil and gas.
On August 11, 2015, President Enrique Peña Nieto enacted the secondary legislation of the energy reform. With this series, the Mexico Institute seeks to provide analysis for understanding the new energy reforms and their implications for economic development in Mexico.
Despite its technical complexity and the political differences associated with the energy reform, the process that has been carried out to materialize it is unprecedented in Mexico. The constitutional reform, absolutely necessary to detonate real and profound change, achieved its goal, but it unfortunately left pending the “pulling out” of Pemex and the Federal Electricity Commission (CFE) from the Expenditure Budget of the Federation (PEF), which would have taken away the regulatory and normative straightjacket that represents a competitive disadvantage.
Mexico Ascendant: How to Grow Cross-Border Trade, is one of several conferences in The Economist’s "Trade Horizons" series and will examine how US companies can best leverage the $507 billion import-export market with Mexico.