First in his series of Monthly Reports on PEMEX and U.S.-Mexico Energy Cooperation, this article explores the implications of the recently signed Transboundary Hydrocarbons Agreement, which resolves the question of what to do with potential oil reserves along the dividing line between Mexico and the United States in the Gulf of Mexico. Wood sees the agreement as "extremely good news," as it marks the "end of a decades-long process to try to determine oil rights in these two areas, opening the door to exploration and production that offers the prospect of exciting new modes of cooperation between Pemex and private oil companies."
Despite the tenuous state of public security in Mexico and the impact the U.S. economic recession has had on the country, Mexico has been successful at boosting its economic performance, while at the same time demonstrating innovation in its agricultural, aerospace, automobile manufacturing and energy sectors.
In the updated and translated version of their latest book, renowned economic and political analysts Luis de la Calle and Luis Rubio put forth the provocative notion that Mexico has been transformed from a mostly poor to a predominantly middle class country. They document the rise of the middle class and analyze its profound implications.
Eric L. Olson, Senior Associate at the Mexico institute, has reviewed Denise Dresser's book titled "My Country: Insights to Understand and Change Mexico". The review appears on page 10 of the recent issue of 'Americas Quarterly' for winter the of 2012.
Following the acclaimed Uncle Sam and Us (2002) and the influential Does North America Exist? (2008), Stephen Clarkson—the preeminent analyst of North America’s political economy—and Matto Mildenberger turn continental scholarship on its head by showing how Canada and Mexico contribute to the United States’ wealth, security, and global power.
The report looks at the ways in which regional economic cooperation can enhance competitiveness, stimulate growth and create jobs. There is no doubt that the economies of the United States and Mexico are facing serious challenges. While some of the risk is due to external pressures, whether increasing competition from Asia or fears of crisis in Europe, much of the solution lies in strengthening regional competitiveness. The path forward, then, must be based in a clear understanding that the United States and Mexico are ultimately partners rather than competitors.
Our Shared Border highlights twelve success stories of cross-border collaboration and innovation between Mexico and the United Sates, offering a counter-narrative to frequent media portrayals of violence and poverty in the border region.