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Archives
Category Archives: economy
What to Make of the TPP’s Anticorruption Chapter?
After years of being developed under conditions of absolute secrecy, the text of the Trans-Pacific Partnership (TPP) trade agreement was released last week. In the U.S., Congress has 90 days to give an up-or-down vote on the measure, which is … Continue reading
Posted in compliance, corruption, crime, economy, fdi, tpp, trade
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Perfect Storm – Is the Mexican Economy About to Collapse?
Mexico’s underperforming economy has been covered here before. But those posts addressed long-term, structural impediments to Mexico’s ability to develop a modern economy with a higher growth rate. Notably, those posts did not address the most commonly cited ‘structural’ flaws … Continue reading
Posted in economic development, economy, energy, fdi, finance, informality, investment, labor, narco, oil and gas, organized crime, Pact for Mexico
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As it Turns to 2015, How Can Mexico Put 2014 Behind?
2014 was an unfortunate year for Mexico, despite (initially) glowing praise from international media outlets and a relatively painless process of passing major economic reforms. Ultimately, dark reality triumphed over glittering narrative, and the PR-based presidency of Enrique Peña Nieto (EPN) … Continue reading
Anticorruption Update – Reform Stalls, Scandals Intensify
As of the last update, it seemed like the anticorruption reform – one of the last unfulfilled promises of the Pacto por Mexico – was close to being passed and certainly during the current legislative session. Alas, the reform is still … Continue reading
Posted in corruption, economy, Guerrero, Iguala, investment, legislation, normalistas, Pact for Mexico, reform, rule of law, SFP
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What’s Wrong with Mexico – Foreign Investment
In a previous post, I discussed how informality may or may not weigh on Mexico’s economic performance. Here, I will look at foreign investment, with a particular focus on foreign direct investment (FDI). The issue of foreign investment is a … Continue reading
Posted in economic development, economy, fdi, investment, labor, oil and gas, reform
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Pacto por Mexico – Energy Reform Passed
Last week, Pres. Pena signed into law the secondary legislation implementing the Energy Reform under the Pacto por Mexico. The final contours of the law did not differ significantly from the changes made by the Senate, discussed here. This is … Continue reading
Posted in economy, energy, legislation, oil and gas, Pact for Mexico, reform, Uncategorized
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Anticorruption Update – Stalled Reform, Policing PEMEX/CFE
Forgotten Reform As discussed in previous posts, corruption in Mexico is a serious issue, costing the country up to around 9 percent of GDP. Thus, it’s not surprising that corruption has made its way onto the reform agenda of the Pacto por Mexico. … Continue reading
Posted in corruption, economy, energy, legislation, oil and gas, Pact for Mexico, pemex, politics, reform
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What’s Wrong with Mexico’s Economy – Informality
Journalists are running out of adjectives to describe Mexico’s recent economic performance: disappointing, slow, lackluster, stalled, etc. But they are not running out of people to cheerily forecast that improvement is right around the corner. This is the narrative pivot … Continue reading
Posted in corruption, economy, informality, legislation, Pact for Mexico, reform, rule of law, Uncategorized
4 Comments
Pacto por Mexico – Energy Reform Update
It has taken a bit longer than expected for the secondary legislation of the Energy Reform to make it through the Congress. On Wednesday, the Senate published the changes made to the secondary legislation in committee, all of which can … Continue reading
Posted in economy, energy, legislation, oil and gas, Pact for Mexico, pemex, reform
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Energy Reform – Secondary Legislation Introduced
On Wednesday, April 30, President Peña (EPN) submitted to the Chamber of Deputies draft secondary legislation package implementing the far-reaching energy reform proposed under the Pacto por Mexico. Although the reform was ‘passed’ by the legislature in December of last … Continue reading
Posted in economy, energy, legislation, oil and gas, Pact for Mexico, pemex, reform
3 Comments
The Mexico Monitor 