Andean Trends
•Download as DOCX, PDF•
0 likes•183 views
The IMF downgraded its growth forecasts for Mexico's economy in 20216 and 2017, citing external threats from a potential change in its economic relationship with the US under President-elect Donald Trump. The IMF report recommended that Mexico continue its structural reform program, improve judicial performance and independence, introduce anti-money laundering legislation, and raise pension contributions to ensure future social spending. The Mexican government said it would take the report and recommendations seriously.
Report
Share
Report
Share
Recommended
Economic climate of Canada / Argentina
I analysed 5 economic indicators (GDP, BOP, Inflation rate, Unemployment and Exchange rate) of Canada and compare them to those from Argentina.
The presentation was Monday 20/12/2010 in Brussels (EPHEC)
Macroeconomic Developments Report. March 2021
Based on data from Latvijas Banka, Central Statistical Bureau of Latvia, Ministry of Finance, and Financial and Capital Market Commission, this publication assesses developments of the external sector and exports, financial market, domestic demand and supply, prices and costs, and balance of payments, and provides forecasts for the economic development and inflation.
Game change in global economy
This article about study of current situation of economy and pandemic impact on global economy. How long it will take to recover with the quote of GDP growth and Service PMI of key nations.
Game change in global economics
1. The document analyzes economic indicators and recovery efforts in various countries in response to the COVID-19 pandemic. It finds signs of partial, uneven recovery as countries reopen and consumer spending increases but long-term impacts remain uncertain.
2. Purchasing Managers' Index data shows a sharper than expected recovery in many countries in May, though growth remains below pre-pandemic levels. Services sectors are recovering more slowly than others.
3. While stimulus measures have fueled initial rebounds, long-term recovery depends on resolving health uncertainties and restarting sectors like education and international travel that remain restricted. Full economic stability may not return until late 2021.
Economic forecasts for Spain European Commission
The European Commission forecasts that the Spanish economy will grow 5.9% in 2021, outpacing the EU average growth rate. However, the pandemic will continue affecting the economy in 2021 and 2022. Public debt will decline slightly but remain well above the EU average, and unemployment will remain twice the EU rate, though it will gradually decrease. While growth is expected, the recovery remains dependent on factors like pandemic evolution, vaccine efficacy, tourism recovery, and economic support measures.
Fiscal cliff deal details and critical appraisal
The document discusses the fiscal cliff faced by the U.S. government at the end of 2012. It provides background on the Budget Control Act of 2011 and the series of disagreements between Democrats and Republicans that led to failure to reach a budget deal. Lawmakers had 3 options: do nothing and let policies take effect, cancel some or all tax increases and spending cuts, or reach a compromise. On January 1, 2013, the Senate agreed to a last-minute deal that increased taxes on individuals making over $400,000 and couples over $450,000 but postponed discussion of spending cuts. The deal provided some short-term certainty but left major long-term issues around the national debt unaddressed.
MTBiz March 2010
MTBiz is for you if you are looking for contemporary information on business, economy and especially on banking industry of Bangladesh. You would also find periodical information on Global Economy and Commodity Markets.
Signature content of MTBiz is its Article of the Month (AoM), as depicted on Cover Page of each issue, with featured focus on different issues that fall into the wide definition of Market, Business, Organization and Leadership. The AoM also covers areas on Innovation, Central Banking, Monetary Policy, National Budget, Economic Depression or Growth and Capital Market. Scale of coverage of the AoM both, global and local subject to each issue.
MTBiz is a monthly Market Review produced and distributed by Group R&D, MTB since 2009.
Bord Gáis Energy Index December 2015
- In December 2015, the Bord Gáis Energy Index fell 13% as wholesale prices for Brent crude oil, UK gas, European coal, and Irish electricity all recorded losses. The index stood at another record low of 79.
- Prices continued to decline across the board, with oil falling 19% to close below $38/barrel for the first time in a decade due to oversupply and weak demand. Other fuels like UK gas and European coal also recorded losses.
- The euro strengthened against the US dollar and British pound over the month, exacerbating losses in the energy index which is adjusted for currency movements.
Recommended
Economic climate of Canada / Argentina
I analysed 5 economic indicators (GDP, BOP, Inflation rate, Unemployment and Exchange rate) of Canada and compare them to those from Argentina.
The presentation was Monday 20/12/2010 in Brussels (EPHEC)
Macroeconomic Developments Report. March 2021
Based on data from Latvijas Banka, Central Statistical Bureau of Latvia, Ministry of Finance, and Financial and Capital Market Commission, this publication assesses developments of the external sector and exports, financial market, domestic demand and supply, prices and costs, and balance of payments, and provides forecasts for the economic development and inflation.
Game change in global economy
This article about study of current situation of economy and pandemic impact on global economy. How long it will take to recover with the quote of GDP growth and Service PMI of key nations.
Game change in global economics
1. The document analyzes economic indicators and recovery efforts in various countries in response to the COVID-19 pandemic. It finds signs of partial, uneven recovery as countries reopen and consumer spending increases but long-term impacts remain uncertain.
2. Purchasing Managers' Index data shows a sharper than expected recovery in many countries in May, though growth remains below pre-pandemic levels. Services sectors are recovering more slowly than others.
3. While stimulus measures have fueled initial rebounds, long-term recovery depends on resolving health uncertainties and restarting sectors like education and international travel that remain restricted. Full economic stability may not return until late 2021.
Economic forecasts for Spain European Commission
The European Commission forecasts that the Spanish economy will grow 5.9% in 2021, outpacing the EU average growth rate. However, the pandemic will continue affecting the economy in 2021 and 2022. Public debt will decline slightly but remain well above the EU average, and unemployment will remain twice the EU rate, though it will gradually decrease. While growth is expected, the recovery remains dependent on factors like pandemic evolution, vaccine efficacy, tourism recovery, and economic support measures.
Fiscal cliff deal details and critical appraisal
The document discusses the fiscal cliff faced by the U.S. government at the end of 2012. It provides background on the Budget Control Act of 2011 and the series of disagreements between Democrats and Republicans that led to failure to reach a budget deal. Lawmakers had 3 options: do nothing and let policies take effect, cancel some or all tax increases and spending cuts, or reach a compromise. On January 1, 2013, the Senate agreed to a last-minute deal that increased taxes on individuals making over $400,000 and couples over $450,000 but postponed discussion of spending cuts. The deal provided some short-term certainty but left major long-term issues around the national debt unaddressed.
MTBiz March 2010
MTBiz is for you if you are looking for contemporary information on business, economy and especially on banking industry of Bangladesh. You would also find periodical information on Global Economy and Commodity Markets.
Signature content of MTBiz is its Article of the Month (AoM), as depicted on Cover Page of each issue, with featured focus on different issues that fall into the wide definition of Market, Business, Organization and Leadership. The AoM also covers areas on Innovation, Central Banking, Monetary Policy, National Budget, Economic Depression or Growth and Capital Market. Scale of coverage of the AoM both, global and local subject to each issue.
MTBiz is a monthly Market Review produced and distributed by Group R&D, MTB since 2009.
Bord Gáis Energy Index December 2015
- In December 2015, the Bord Gáis Energy Index fell 13% as wholesale prices for Brent crude oil, UK gas, European coal, and Irish electricity all recorded losses. The index stood at another record low of 79.
- Prices continued to decline across the board, with oil falling 19% to close below $38/barrel for the first time in a decade due to oversupply and weak demand. Other fuels like UK gas and European coal also recorded losses.
- The euro strengthened against the US dollar and British pound over the month, exacerbating losses in the energy index which is adjusted for currency movements.
Copy of profit commodity daily
The document discusses crude oil inventory data from the API and expectations for the upcoming DOE report. It notes that crude stocks rose more than expected according to the API while gasoline stocks fell. The author expects the DOE report to show a 2 million barrel rise in crude supplies and maintains a bearish outlook for crude oil prices. Natural gas is recommended to be sold given bearish factors and expected high inventory levels in the upcoming DOE report.
Weekly currency round up - 23rd February 2018.
The end of last week didn’t bring much good news for sterling. UK retail sales in January were up by 0.1% from December and 1.6% more than in the same month last year.
Global and Spanish economic perspectives Q2 2021
Summary The global economic situation
The pandemic caused by Covid 19 and the subsequent health and economic impact led to a 3 3 fall in global GDP in 2020 with China being the only major economy to register positive growth 2 3 After a year of the pandemic, a high level of uncertainty remains about how the future will pan out in both pidemiological and economic terms With good progress in the vaccination
programs and the stimulus measures, a return of confidence is expected, as well as the disappearance of any mobility and activity restrictions This, in turn, should lead to an upturn in growth which, according to the IMF, will reach 6 provided that any virus variants and doubts on the efficiency and safety of the vaccines do not dampen these expectations Recovery will be uneven among countries and in good measure it will depend on their productive structures Those with economies dependent on tourism and
sectors that require greater social contact will feel the negative effects of the crisis for longer
Venezuela Macroeconomic Outlook
Venezuela Macroeconomic Outlook: A summary on the main statistics of the Venezuelan economy, the Hugo Chavez poignant legacy, and the root of the massive protests taking place in Venezuela right now
The Economic Outlook for 2020 to 2030 in 24 Slides
In 2020, inflation-adjusted GDP is projected to grow by 2.2 percent, largely because of continued strength in consumer spending and a rebound in business fixed investment. Output is projected to be higher than the economy’s maximum sustainable output this year to a greater degree than it has been in recent years, leading to higher inflation and interest rates after a period in which both were low, on average. Continued strength in the demand for labor keeps the unemployment rate low and drives employment and wages higher. If current laws governing federal taxes and spending generally remained in place, the economy would expand at an average annual rate of 1.7 percent over the next decade, roughly the same rate as its potential growth.
The swedish property market part 2
In the second part I look at the current valuation of Sweden real estate and household indebtedness. Both measures show significant imbalances that have been growing for years.
Mexico Trends
The Mexican merchant navy is struggling due to falling oil prices and the presence of foreign ships in the Gulf of Mexico, with over half of Mexican ships at risk of bankruptcy and over 2,000 specialized jobs lost. A new FedEx facility is opening in Mexico, the largest in Latin America, which will create 2,000 new jobs and is seen as a boost for investment in Mexico's economy, which is expected to grow by 1.8% in 2017. The governor of the State of Mexico cited falling crime rates and planned infrastructure projects as reasons for continued investment in the region.
Mexico and Southern Cone trends
The OECD revised its forecasts for Mexico's economy, downgrading expected GDP growth to 2.2% in 2016 and 2.3% in 2017 due to economic uncertainty from Trump's election and falling oil prices. While higher US demand provides support, protectionist policies could harm exports and imports. The OECD praised Mexico's resilience but recommended further reforms to encourage spending, labor market growth, and fighting corruption and inequality. In Chile, the government announced a 10% increase to the basic pension rate starting in January 2017 in response to more pensioners living longer. In Paraguay, the minimum wage was raised by 7.7% to help workers as wages have not kept up with inflation.
Mexico
Mexico has experienced a turbulent economic history characterized by periods of prosperity and crisis. In the colonial period, the economy centered around resource extraction and agriculture. Liberal reforms in the 19th century sought to decrease church power and modernize the economy. The Porfiriato regime from 1876-1911 stabilized politics and saw economic growth through foreign investment. The Mexican Revolution from 1910-1920 disrupted the economy. Subsequent governments pursued import substitution industrialization, fueling growth from the 1940s-1970s. Mexico faced debt and financial crises in the 1980s after joining NAFTA and adopting neoliberal policies. Recent reforms have aimed to open the economy further through privatization, boosting growth rates around 2% annually despite challenges from drug
Review of Mexico - June 2018
Mexico has many issues including poverty, crime, income inequality and trade surpluses with both Canada and USA.
Despite NAFTA the way of life for the average Mexican has not improved. Mexican has seen an increase in those people living in poverty. It is estimated that about 53M people live in poverty.
COVID Situation in Mexico, March 30 2020
The document summarizes the COVID-19 situation in Mexico as of March 29, 2020. It reports 993 confirmed cases with 145 new cases since the previous day. 20 deaths have occurred across 10 states. The government has urged citizens to stay home and is considering extending social distancing measures beyond April 19. Various states across Mexico have implemented measures like restricting large gatherings, reducing business hours for alcohol sales, and announcing economic aid packages.
WORLD TOWARDS A NEW IRREVERSIBLE GLOBAL ECONOMIC AND FINANCIAL CRISIS AND BRA...
This article aims to demonstrate that the global economic and financial crisis tends to get worse with: 1) the escalation of the global debt that threatens to put the world capitalist system in check in the face of the possibility of the explosion of the public debt bubble in the United States and the China; 2) the drastic downturn of the economy in the United States, China and the European Union, which could enter into recession in 2023; and, 3) the possibility of two giant global banks, Credit Suisse and Deutsche Bank, going bankrupt because they are on the verge of collapse triggering a new global economic and financial crisis similar to the Great Recession of 2008 and the Depression of 1929. This article raises, also, the need for President Lula's government to adopt an economic policy that makes Brazil less dependent on foreign markets in terms of export markets, international capital and foreign technology and that, consequently, prioritizes the development of the internal market.
Time to ditch the mexican stereotypes - Financial Times
The document discusses Mexico's economic performance compared to the United States. It summarizes that Mexico recovered rapidly from the global financial crisis, with GDP and industrial production surpassing pre-recession levels faster than the US. Mexico also has lower budget deficits and national debt than the US. The document argues Mexico has achieved macroeconomic stability through fiscal and monetary reforms, including an independent central bank focused on low inflation. In contrast, US policymakers appear unable to implement necessary fiscal reforms to restore confidence and growth.
Growth and Development in Mexico
Mexico has established many free trade agreements and remains highly dependent on trade with the US. It has a stable macroeconomic environment and prudent fiscal policy but narrow tax base. The Pacific Alliance aims to increase trade and investment between Mexico, Chile, Colombia and Peru. Mexico has a two-speed economy, with modern sectors growing but traditional sectors lagging, lowering average productivity. Continued low productivity, especially in small informal businesses, is a major barrier to faster economic growth. Membership in the Pacific Alliance could promote investment and trade, helping address Mexico's productivity challenges.
World economy toward bankruptcy
According to the Institute of International Finance report, global debt increased by US$ 3.3 trillion last year to US$ 243 trillion. Economists warn that when this multi-trillion dollar bomb planted under the global economy explodes, the crisis will be worse than that of 2008. This is a record three times higher than world GDP. In developed countries, the extremely high indebtedness ratio reached 390% of GDP. The world economy may not be able to withstand to the debt of US$ 243 trillion dollars. Is the end of globalized capitalism?
Farfan mares mexicoscurse-final
This document summarizes Gabriel Farfán-Mares' article "Mexico's Curse" which argues that although Mexico has recovered economically from downturns by leveraging trade with the US, its long reliance on oil revenues to fund the government has created a "rentier state" with weak taxation and poor public policy outcomes. While oil booms can support growth, Mexico's oil dependency has undermined development by reducing the tax base, bloating public spending, and detaching the state from the needs of the private sector and economy. To transition to a more productive model, Mexico must reduce its dependence on oil funds as revenues decline.
International Assignmentpart iThe Chinese Univ.docx
International Assignment
part i
The Chinese University of Hong Kong
Global Enterprise Management
Professor Tatiana Kostova
July 12, 2016
Carla Yvonne Valle Acosta
Bruis Van Vlijmen
Shiyuan Xu
Lishan Sung
Jiwon Sung
Political Environment Analysis Mexico
Mexico is a federal presidential representative democratic republic, whose government is based on a congressional system. Hereby the president of Mexico, Enrique Pena Nieto, is both head of state and head of government. As member of the once dominant Institutional Revolutionary Party (PRI), he returned the power to his party with a clear win in the presidential elections of 2012. Nieto will be in office until his term ends in November 2018.
The hegemony of PRI started in 1929 and lasted for the majority of the 20th century. In the 1980’s huge oil reserves were discovered off the shores of Mexico, in southernmost end of the Gulf of Mexico. The president at the time, Portillo, promised to use the oil money to fund a campaign of industrial expansion, social welfare and high-yield agriculture. The government borrowed huge sums of foreign money, at high interest rates, to develop the oil field, however it turned out that the oil was of low grade. Leaving Mexico with the world’s largest foreign debt.
In 1992 president Salinas, US president Bush and Prime Minister Mulroney of Canada sign the North American Free Trade Agreement (NAFTA). This agreement calls for phasing out longstanding trade barriers between the three nations.
During the last two decades the dominance of the PRI in Mexico’s political landscape has degraded. 70 years of PRI rule came to an end when the corruption-plagued PRI lost the presidency election in 2000. Vicente Fox came to rule, a conservative reformer who was a former Coca-Cola executive,. His policies focussed on improving trade relations with the United States, calming civil unrest and fighting corruption, crime and drug trafficking. Despite good efforts, reforms slowed down and opponents gained ground.
In 2006 President Calderón came to power, after winning in a close election, with less than one percentage point difference. Calderon originally promises to push business and technological development, however the ends up addressing the issues of poverty and social injustice while in office.
The current president Nieto promised major changes when coming to power 4 years ago and has not disappointed in that regard. Nieto has pushed reforms, including closing corporate tax loopholes, liberalising the telecom industry and opening the longstanding state energy monopoly to private competition. However, gang violence, corruption and weak state authority remain sores. Still Mexican politics face two great challenges, corruption and the rule of law, with the latter the most severe.
Economic Performance of México
Currently, Mexico becomes the second largest economy in Latin America. With the benefit of signing the North American Free Trade Agreement (NAFT.
Whitepaper: Latin America: Room for growth
Latin America: Room for growth is an Economist Intelligence Unit (EIU) report, commissioned by Dubai Chamber. The report discusses the current economic and political climate in Latin America and explores sectors that present opportunities for economic growth—particularly trade-related infrastructure and the services sector. The findings are based on desk research and interviews with experts in the topic.
Nomi Prins Presentation to The Aspen Institute México, May 2017
Speech / Presentation to The Aspen Institute Mexico, Mexico City, Mexico by Nomi Prins. Topic covered NAFTA, Financial Regulations and U.S-Mexican Relations.
D Angelo Final Paper
This document analyzes how Mexican immigrant remittance behavior affected the propagation of the 2008/2009 financial crisis. It discusses how remittances are Mexico's second largest source of foreign income after oil. For the first time since 1995, remittances dropped in 2008 by 3.6% due to job losses in the US construction and manufacturing sectors as a result of the financial crisis. The drop in remittances significantly impacted Mexico's economy, which relies heavily on foreign income.
Ivo Pezzuto - "World Economy. Resilience or Great Reset"
The document discusses the economic impacts of the COVID-19 pandemic. It notes that while the pandemic will certainly leave lasting scars, it may also catalyze transformations like increased digitalization. The pandemic caused a historic contraction in the global economy as lockdowns halted activity. This has hit many companies and economies hard. There is uncertainty around how long the pandemic and its effects will last. The response from governments, central banks, and international organizations has involved massive stimulus measures to support public health and economic recovery. However, high global debt levels and risks to vulnerable emerging economies are major concerns going forward.
Government policies for Mexico - May 2016
- Current Government
- GDP
- Economy
- Financial Services Sector
- Taxation Policies
- FDI
- Infrastructure
- Trade - Canada and Mexico
- Inflation
More Related Content
What's hot
Copy of profit commodity daily
The document discusses crude oil inventory data from the API and expectations for the upcoming DOE report. It notes that crude stocks rose more than expected according to the API while gasoline stocks fell. The author expects the DOE report to show a 2 million barrel rise in crude supplies and maintains a bearish outlook for crude oil prices. Natural gas is recommended to be sold given bearish factors and expected high inventory levels in the upcoming DOE report.
Weekly currency round up - 23rd February 2018.
The end of last week didn’t bring much good news for sterling. UK retail sales in January were up by 0.1% from December and 1.6% more than in the same month last year.
Global and Spanish economic perspectives Q2 2021
Summary The global economic situation
The pandemic caused by Covid 19 and the subsequent health and economic impact led to a 3 3 fall in global GDP in 2020 with China being the only major economy to register positive growth 2 3 After a year of the pandemic, a high level of uncertainty remains about how the future will pan out in both pidemiological and economic terms With good progress in the vaccination
programs and the stimulus measures, a return of confidence is expected, as well as the disappearance of any mobility and activity restrictions This, in turn, should lead to an upturn in growth which, according to the IMF, will reach 6 provided that any virus variants and doubts on the efficiency and safety of the vaccines do not dampen these expectations Recovery will be uneven among countries and in good measure it will depend on their productive structures Those with economies dependent on tourism and
sectors that require greater social contact will feel the negative effects of the crisis for longer
Venezuela Macroeconomic Outlook
Venezuela Macroeconomic Outlook: A summary on the main statistics of the Venezuelan economy, the Hugo Chavez poignant legacy, and the root of the massive protests taking place in Venezuela right now
The Economic Outlook for 2020 to 2030 in 24 Slides
In 2020, inflation-adjusted GDP is projected to grow by 2.2 percent, largely because of continued strength in consumer spending and a rebound in business fixed investment. Output is projected to be higher than the economy’s maximum sustainable output this year to a greater degree than it has been in recent years, leading to higher inflation and interest rates after a period in which both were low, on average. Continued strength in the demand for labor keeps the unemployment rate low and drives employment and wages higher. If current laws governing federal taxes and spending generally remained in place, the economy would expand at an average annual rate of 1.7 percent over the next decade, roughly the same rate as its potential growth.
The swedish property market part 2
In the second part I look at the current valuation of Sweden real estate and household indebtedness. Both measures show significant imbalances that have been growing for years.
What's hot (6)
The Economic Outlook for 2020 to 2030 in 24 Slides
The Economic Outlook for 2020 to 2030 in 24 Slides
Similar to Andean Trends
Mexico Trends
The Mexican merchant navy is struggling due to falling oil prices and the presence of foreign ships in the Gulf of Mexico, with over half of Mexican ships at risk of bankruptcy and over 2,000 specialized jobs lost. A new FedEx facility is opening in Mexico, the largest in Latin America, which will create 2,000 new jobs and is seen as a boost for investment in Mexico's economy, which is expected to grow by 1.8% in 2017. The governor of the State of Mexico cited falling crime rates and planned infrastructure projects as reasons for continued investment in the region.
Mexico and Southern Cone trends
The OECD revised its forecasts for Mexico's economy, downgrading expected GDP growth to 2.2% in 2016 and 2.3% in 2017 due to economic uncertainty from Trump's election and falling oil prices. While higher US demand provides support, protectionist policies could harm exports and imports. The OECD praised Mexico's resilience but recommended further reforms to encourage spending, labor market growth, and fighting corruption and inequality. In Chile, the government announced a 10% increase to the basic pension rate starting in January 2017 in response to more pensioners living longer. In Paraguay, the minimum wage was raised by 7.7% to help workers as wages have not kept up with inflation.
Mexico
Mexico has experienced a turbulent economic history characterized by periods of prosperity and crisis. In the colonial period, the economy centered around resource extraction and agriculture. Liberal reforms in the 19th century sought to decrease church power and modernize the economy. The Porfiriato regime from 1876-1911 stabilized politics and saw economic growth through foreign investment. The Mexican Revolution from 1910-1920 disrupted the economy. Subsequent governments pursued import substitution industrialization, fueling growth from the 1940s-1970s. Mexico faced debt and financial crises in the 1980s after joining NAFTA and adopting neoliberal policies. Recent reforms have aimed to open the economy further through privatization, boosting growth rates around 2% annually despite challenges from drug
Review of Mexico - June 2018
Mexico has many issues including poverty, crime, income inequality and trade surpluses with both Canada and USA.
Despite NAFTA the way of life for the average Mexican has not improved. Mexican has seen an increase in those people living in poverty. It is estimated that about 53M people live in poverty.
COVID Situation in Mexico, March 30 2020
The document summarizes the COVID-19 situation in Mexico as of March 29, 2020. It reports 993 confirmed cases with 145 new cases since the previous day. 20 deaths have occurred across 10 states. The government has urged citizens to stay home and is considering extending social distancing measures beyond April 19. Various states across Mexico have implemented measures like restricting large gatherings, reducing business hours for alcohol sales, and announcing economic aid packages.
WORLD TOWARDS A NEW IRREVERSIBLE GLOBAL ECONOMIC AND FINANCIAL CRISIS AND BRA...
This article aims to demonstrate that the global economic and financial crisis tends to get worse with: 1) the escalation of the global debt that threatens to put the world capitalist system in check in the face of the possibility of the explosion of the public debt bubble in the United States and the China; 2) the drastic downturn of the economy in the United States, China and the European Union, which could enter into recession in 2023; and, 3) the possibility of two giant global banks, Credit Suisse and Deutsche Bank, going bankrupt because they are on the verge of collapse triggering a new global economic and financial crisis similar to the Great Recession of 2008 and the Depression of 1929. This article raises, also, the need for President Lula's government to adopt an economic policy that makes Brazil less dependent on foreign markets in terms of export markets, international capital and foreign technology and that, consequently, prioritizes the development of the internal market.
Time to ditch the mexican stereotypes - Financial Times
The document discusses Mexico's economic performance compared to the United States. It summarizes that Mexico recovered rapidly from the global financial crisis, with GDP and industrial production surpassing pre-recession levels faster than the US. Mexico also has lower budget deficits and national debt than the US. The document argues Mexico has achieved macroeconomic stability through fiscal and monetary reforms, including an independent central bank focused on low inflation. In contrast, US policymakers appear unable to implement necessary fiscal reforms to restore confidence and growth.
Growth and Development in Mexico
Mexico has established many free trade agreements and remains highly dependent on trade with the US. It has a stable macroeconomic environment and prudent fiscal policy but narrow tax base. The Pacific Alliance aims to increase trade and investment between Mexico, Chile, Colombia and Peru. Mexico has a two-speed economy, with modern sectors growing but traditional sectors lagging, lowering average productivity. Continued low productivity, especially in small informal businesses, is a major barrier to faster economic growth. Membership in the Pacific Alliance could promote investment and trade, helping address Mexico's productivity challenges.
World economy toward bankruptcy
According to the Institute of International Finance report, global debt increased by US$ 3.3 trillion last year to US$ 243 trillion. Economists warn that when this multi-trillion dollar bomb planted under the global economy explodes, the crisis will be worse than that of 2008. This is a record three times higher than world GDP. In developed countries, the extremely high indebtedness ratio reached 390% of GDP. The world economy may not be able to withstand to the debt of US$ 243 trillion dollars. Is the end of globalized capitalism?
Farfan mares mexicoscurse-final
This document summarizes Gabriel Farfán-Mares' article "Mexico's Curse" which argues that although Mexico has recovered economically from downturns by leveraging trade with the US, its long reliance on oil revenues to fund the government has created a "rentier state" with weak taxation and poor public policy outcomes. While oil booms can support growth, Mexico's oil dependency has undermined development by reducing the tax base, bloating public spending, and detaching the state from the needs of the private sector and economy. To transition to a more productive model, Mexico must reduce its dependence on oil funds as revenues decline.
International Assignmentpart iThe Chinese Univ.docx
International Assignment
part i
The Chinese University of Hong Kong
Global Enterprise Management
Professor Tatiana Kostova
July 12, 2016
Carla Yvonne Valle Acosta
Bruis Van Vlijmen
Shiyuan Xu
Lishan Sung
Jiwon Sung
Political Environment Analysis Mexico
Mexico is a federal presidential representative democratic republic, whose government is based on a congressional system. Hereby the president of Mexico, Enrique Pena Nieto, is both head of state and head of government. As member of the once dominant Institutional Revolutionary Party (PRI), he returned the power to his party with a clear win in the presidential elections of 2012. Nieto will be in office until his term ends in November 2018.
The hegemony of PRI started in 1929 and lasted for the majority of the 20th century. In the 1980’s huge oil reserves were discovered off the shores of Mexico, in southernmost end of the Gulf of Mexico. The president at the time, Portillo, promised to use the oil money to fund a campaign of industrial expansion, social welfare and high-yield agriculture. The government borrowed huge sums of foreign money, at high interest rates, to develop the oil field, however it turned out that the oil was of low grade. Leaving Mexico with the world’s largest foreign debt.
In 1992 president Salinas, US president Bush and Prime Minister Mulroney of Canada sign the North American Free Trade Agreement (NAFTA). This agreement calls for phasing out longstanding trade barriers between the three nations.
During the last two decades the dominance of the PRI in Mexico’s political landscape has degraded. 70 years of PRI rule came to an end when the corruption-plagued PRI lost the presidency election in 2000. Vicente Fox came to rule, a conservative reformer who was a former Coca-Cola executive,. His policies focussed on improving trade relations with the United States, calming civil unrest and fighting corruption, crime and drug trafficking. Despite good efforts, reforms slowed down and opponents gained ground.
In 2006 President Calderón came to power, after winning in a close election, with less than one percentage point difference. Calderon originally promises to push business and technological development, however the ends up addressing the issues of poverty and social injustice while in office.
The current president Nieto promised major changes when coming to power 4 years ago and has not disappointed in that regard. Nieto has pushed reforms, including closing corporate tax loopholes, liberalising the telecom industry and opening the longstanding state energy monopoly to private competition. However, gang violence, corruption and weak state authority remain sores. Still Mexican politics face two great challenges, corruption and the rule of law, with the latter the most severe.
Economic Performance of México
Currently, Mexico becomes the second largest economy in Latin America. With the benefit of signing the North American Free Trade Agreement (NAFT.
Whitepaper: Latin America: Room for growth
Latin America: Room for growth is an Economist Intelligence Unit (EIU) report, commissioned by Dubai Chamber. The report discusses the current economic and political climate in Latin America and explores sectors that present opportunities for economic growth—particularly trade-related infrastructure and the services sector. The findings are based on desk research and interviews with experts in the topic.
Nomi Prins Presentation to The Aspen Institute México, May 2017
Speech / Presentation to The Aspen Institute Mexico, Mexico City, Mexico by Nomi Prins. Topic covered NAFTA, Financial Regulations and U.S-Mexican Relations.
D Angelo Final Paper
This document analyzes how Mexican immigrant remittance behavior affected the propagation of the 2008/2009 financial crisis. It discusses how remittances are Mexico's second largest source of foreign income after oil. For the first time since 1995, remittances dropped in 2008 by 3.6% due to job losses in the US construction and manufacturing sectors as a result of the financial crisis. The drop in remittances significantly impacted Mexico's economy, which relies heavily on foreign income.
Ivo Pezzuto - "World Economy. Resilience or Great Reset"
The document discusses the economic impacts of the COVID-19 pandemic. It notes that while the pandemic will certainly leave lasting scars, it may also catalyze transformations like increased digitalization. The pandemic caused a historic contraction in the global economy as lockdowns halted activity. This has hit many companies and economies hard. There is uncertainty around how long the pandemic and its effects will last. The response from governments, central banks, and international organizations has involved massive stimulus measures to support public health and economic recovery. However, high global debt levels and risks to vulnerable emerging economies are major concerns going forward.
Government policies for Mexico - May 2016
- Current Government
- GDP
- Economy
- Financial Services Sector
- Taxation Policies
- FDI
- Infrastructure
- Trade - Canada and Mexico
- Inflation
US Economic Stimulus
- The US economic stimulus program provided benefits not only for the US economy but globally by increasing access to cheap capital. However, announcing the withdrawal of stimulus caused volatility in emerging markets as investors pulled funds.
- While unemployment and inflation targets have not been met, economic indicators are trending in a positive direction. Corporate cash reserves and spending are up as is household wealth, though the recovery is not yet secure enough to withdraw stimulus immediately.
- A gradual withdrawal of stimulus over 2-3 years beginning in 2014 by slowly reducing bond purchases and incremental interest rate increases is recommended to have a smooth effect on markets.
Monetary Malpractice: Crises and COVID Group 29
The Great Depression was a worldwide economic crisis that began in 1929 and ended in 1939. It was caused by haphazard monetary policies and exacerbated by interventionist policies. The depression was made worse by the Federal Reserve lowering the money supply by 1/3. To combat the 2008 financial crisis and the COVID-19 pandemic, the US enacted large fiscal stimulus packages and the Federal Reserve pursued expansionary monetary policies to provide liquidity and stabilize markets. These policies sought to increase demand and support the flow of credit to alleviate the economic impacts of the crises.
Global recession towards world economic depression
The document discusses signs that the global economy is heading toward recession and possibly depression. It analyzes indicators like declining PMIs, slowing credit growth and industrial production. It argues the financial system could collapse due to unsustainable debt levels and the end of US dollar dominance. The author proposes solutions like establishing a new stable international financial system, adopting social democracy models, and forming a world government to regulate the global economy and address issues.
Banco Santander launches the public offering of up to 24.9% of Santander Mexi...
Banco Santander is launching an initial public offering of up to 24.9% of its Mexican subsidiary, Santander Mexico, for a maximum of $4.291 billion. The offering values Santander Mexico at up to $17.235 billion, making it the 83rd largest bank globally. Banco Santander Chairman Emilio Botín hopes this transaction and listing other major Latin American subsidiaries will strengthen the group's capital position and further its strategy of having significant subsidiaries publicly traded within five years.
Similar to Andean Trends (20)
WORLD TOWARDS A NEW IRREVERSIBLE GLOBAL ECONOMIC AND FINANCIAL CRISIS AND BRA...
WORLD TOWARDS A NEW IRREVERSIBLE GLOBAL ECONOMIC AND FINANCIAL CRISIS AND BRA...
Time to ditch the mexican stereotypes - Financial Times
Time to ditch the mexican stereotypes - Financial Times
International Assignmentpart iThe Chinese Univ.docx
International Assignmentpart iThe Chinese Univ.docx
Nomi Prins Presentation to The Aspen Institute México, May 2017
Nomi Prins Presentation to The Aspen Institute México, May 2017
Ivo Pezzuto - "World Economy. Resilience or Great Reset"
Ivo Pezzuto - "World Economy. Resilience or Great Reset"
Global recession towards world economic depression
Global recession towards world economic depression
Banco Santander launches the public offering of up to 24.9% of Santander Mexi...
Banco Santander launches the public offering of up to 24.9% of Santander Mexi...
More from George Collard
Chile election 2017
Chile will hold presidential elections on November 19, 2017, with several candidates emerging from the country's various political coalitions. The ruling center-left Nueva Mayoría coalition features candidates like Alejandro Guillier and Ricardo Lagos. The main opposition comes from the center-right Vamos Chile coalition, which may nominate former president Sebastián Piñera. Other potential candidates include Marcelo Navarro of the leftist Frente Amplio coalition and independents like Carola Canelas. With many candidates announcing plans to run, the elections promise to be closely contested.
Mexico Tequileros
Security forces in Guerrero, Mexico carried out an operation against the criminal group Los Tequileros, killing five members and injuring two security force members. Earlier, local civilians took up arms against Los Tequileros, who have committed kidnappings, extortion, and drug trafficking. The security situation in Guerrero is deteriorating as authorities have little control over criminal groups or civilians.
Peru econ
Peru continues to have one of the strongest economies in South America, with estimated GDP growth of 3.9% in 2016 and a prediction of 4% growth in 2017. While the 3.9% figure is lower than earlier estimates, it remains the highest in South America. Some industries like fishing and mining saw positive growth, but manufacturing and construction declined. The IMF managing director said Peru needs to invest more in education for its youth and in infrastructure to maintain its economic strength. A survey found business executives highly optimistic, with 85% predicting growth in 2017, the highest level of confidence in 16 years.
Pena Nieto Colombia
During an official state visit to Colombia from October 26-29, Mexican President Peña Nieto and Colombian President Santos agreed to nine cooperation agreements between the two countries. The agreements focused on increasing trade, environmental protection, and security cooperation against drug trafficking. Peña Nieto and Santos announced that Mexico and Colombia would share intelligence and Colombia would provide training to Mexican security forces. The visit marked increased economic and security cooperation between the two nations.
Chile-Peru
Chile and Peru signed new agreements to deepen cooperation between the two neighboring countries. Key agreements included a new extradition treaty, the establishment of a human rights dialogue mechanism, and an agreement to interconnect their electricity networks. The leaders also agreed to enhance various forms of cooperation and hold annual cabinet-level meetings to coordinate policy across economic, environmental, and security issues. The deals aim to strengthen the countries' relationship and support each other in uncertain times.
WW
The document discusses recent political developments in several Latin American countries. In Venezuela, five opposition figures were released from prison but the opposition called for the release of all political prisoners. A US diplomat traveled to Venezuela to mediate ongoing talks between the government and opposition over the political crisis. In Mexico, US and Mexican authorities announced a new force to combat human smuggling across the border near Tijuana. In the Dominican Republic, a minister stated the country has no preference in the US election after a video showed support for Hillary Clinton, while a former first lady defended criticizing Donald Trump. In Argentina, a minister announced seeking a trade deal with the US to boost investment, though later clarified they were not necessarily pursuing a free trade
More from George Collard (6)
Andean Trends
- 1. MEXICO| IMF boost for Mexico1 2 On 22 November the International Monetary Fund released projections3 concerning Mexico’s economy in which it has downgraded its growth forecasts.4 For this year, it has revised the rate from 2.5% to 2.1%, and for 2017 it has5 lowered its forecast from 2.6% to 2.2%. The Mexican economy faces numerous6 external threats, notably the potential for a seismic shift in its economic7 relationship with the US in the wake of Republican candidate Donald Trump’s8 victory in 8 November’s Presidential election. Trump has repeatedly criticised9 trade deals with Mexico that he feels damage US jobs, and has also promised to10 cancel the North American Free Trade Agreement (NAFTA) and introduce11 tariffs on Mexican goods. Dora Iakova, the IMF’s chief of operations in Mexico,12 highlighted the potential rise in US interest rates as well as the fall in the price13 and production of oil as further reasons for the more pessimistic view on the14 growth of the Mexican economy.15 16 However, the IMF also praised the Mexican economy, and it was noted that it17 has “successfully navigated” troublesome international conditions so far. Its18 banking system coped well with stress tests, and the IMF stated that Mexico has19 a shock absorber in the form of US$170bn of IMF funds as well as a credit line20 of US$86bn. However, it did also warn that it had no plan in place for a21 systematic banking crisis. The report also stated that employment rates are22 relatively low and steady, and that wages are rising. The fiscal deficit is falling in23 line with the government’s aim to have deficit of no more than 2.5% of GDP by24 2018, a target it is on course to achieve. Mexico’s credit growth is strong at 16%,25 and the IMF furthermore identified Mexico’s huge potential workforce growth in26 the form of women. Over half of women, at 55%, work at home, and changing27 this represents an opportunity for the Mexican economy.28 29 The IMF report contained a number of recommendations for the government to30 ensure future stability. It praised the government’s structural reform programme31 and urged this to continue. It stated that it needed to improve judicial32 performance and independence. Further, it stressed the urgent need for an anti-33 corruption system to counter the problem that is still endemic to the Mexican34 system. It recommended the government introduce anti-money laundering35 legislation at the earliest opportunity. Another important recommendation is to36 raise pension contributions to ensure that in the long-term there will not be37 problems with social spending.38 39 José Antonio Meade, the Mexican Secretary of Finance, described the report on40 22 November as “important” and stated that the government would take its41 recommendations and contents seriously, and that the government Economic42 Packet 2017 could incorporate some of the recommendations.43 44
- 2. 45 46 Sidebar: Interest rate warning47 48 So far in 2016 Mexico has raised its interest rates four times, with a current rate49 of 5.25%. However, in its report the IMF urged Mexico to halt any potential50 rises. It stated that pressure on consumer prices due to a weak peso had not51 materialised and so for the time being, interest rates should remain where they52 are.53 54 55 BOLIVIA| Renewables growth56 57 On 22 November Bolivia’s minister for Hydrocarbons and Energy, Luis58 Sánchez, announced that three new wind farms will be constructed in El Dorado,59 Warnes and San Julián in Santa Cruz department, in the east of the country. The60 three sites will produce 93MW of energy.61 62 The overall cost of the project will reach US$192.8m, and will be financed partly63 by contributions and investment from Denmark. The Scandinavian country’s64 government will donate US$15.8m to the project, whilst the Danish company65 Danida Business Finance (DBF) will provide US$113.3m in funding. The rest of66 the cost, totalling US$63.6m, will be covered by Bolivia’s national energy67 company, the Empresa Nacional de Electricidad Bolivia (Ende), according to the68 minister. The Danish international engineering consults PEM Consult will69 oversee the project. The site at Warnes will produce 21MW, whilst the other sites70 at San Julián and El Dorado will both generate 36MW of energy. The total71 amount that they will generate for the country is equivalent to 5% of the energy72 infrastructure that was constructed in 2015, and would cover 4% of Bolivia’s73 energy output for the same year. According to Sánchez, the project will reduce74 the amount of carbon dioxide released into the atmosphere by 142,500 tonnes.75 He went on to say that renewable projects such as these are crucial to Bolivia’s76 energy needs as well as in the fight against climate change, and highlighted the77 fact that since 2005, renewable output has gone from zero to 545MW.78 79