Mexico stands to capitalize on the nearshoring trend, but it will need to cooperate better with the private sector.
How the agreement could help Brazil become more competitive – now and in the future.
Following Tuesday’s events, it is not an exaggeration to say that the North American Free Trade Agreement (NAFTA) is on life support, and it is unclear whether the patient will even survive into the coming year. Though the advance writing was flashing brightly on the wall, the three lead NAFTA negotiators put paid to the … Read more Is NAFTA Over Now?
When the North American Free Trade Agreement (NAFTA) was originally negotiated in 1994, four out of five of the largest U.S. companies built automobiles. Google, Facebook and Amazon hadn’t been born. E-commerce, as such, didn’t exist. That’s part of why NAFTA renegotiations are more than just a political football: they are imperative for the region … Read more Why We Need a NAFTA for the Digital Age
Latin America faces many challenges to ensure a better life for its citizens. The best tool to tackle such challenges is improving democratic governance, which does not always find fertile ground to thrive. The main obstacle to democratic governance continues to be populist politicians and their shaky commitment to democracy. The making of a democratic … Read more Brazil’s Foreign Policy Is “Back In the Game”
It’s fair that Mexican officials would fret over U.S. President Donald Trump’s threats to walk away from the North American Free Trade Agreement (NAFTA) – 80 percent of Mexican goods are currently exported to the U.S., and any change to the 23-year-old deal will surely be economically and politically disruptive. But other potential changes in … Read more Here’s What Should Worry Mexico More Than NAFTA
It’s 8 a.m. on a rainy Monday morning in Argentina, and Captain Humberto Duarte is stuck in traffic. A tugboat pushing 16 barges laden with soybean is taking an age to pass under the bridge that spans the river here at Corrientes on the Paraguay-Paraná hidrovía (waterway). The captains of nearby ships voice their frustration … Read more Amid Old Rivalries, South America’s Silver River Promises New Riches
Venezuela’s September 1 demonstrations, in which as many as a million people took to the streets of Caracas to demand a change in government, were certainly impressive. But were they effective? If the goal was to fundamentally alter the country’s political direction, the answer is probably “no.” Despite the buzz generated by this month’s protests … Read more Why Mercosur Is Stuck with Venezuela
Like waves caused by a faraway hurricane, big global events eventually tend to wash up on Latin America’s shores. In the 2000s, the rise of China and its appetite for commodities gave rise to a new Latin American middle class and a “pink tide” of left-leaning leaders who handed out the spoils. In the 1990s, … Read more How Brexit and Trump Could Turn Latin America Upside-Down
In the past decade, China’s expanding engagement with Latin America has captivated the attention of the region and the United States. Most of the focus, however, has been on whether the new trade and investment is good for the region’s long-term development, and whether particular Chinese activities, such as military sales and loans to Venezuela … Read more Learning the Ropes
Read more about China and Latin America in the Winter 2012 issue of Americas Quarterly to be released on January 26, 2012. Brazil and China’s economic relations have grown at a rapid clip in the last five years. But their new ties are also leading to increased wariness by the Brazilians. The real challenge comes … Read more Brazil and China: Clouds on the Horizon
In 2008, when I was a Fulbright professor at Nankai University in Tianjin, China, the international school my children attended hired a local contractor to build a new classroom wing. As the building reached completion, the relationship went sour: the construction did not meet the criteria originally agreed upon. As the parties began to fight … Read more Exporting Corruption
China has taken a renewed interest in the five-sixths of the world that is still developing—the area famously christened the “Third World” by Jawaharlal Nehru at the dawn of the Cold War. But China’s identification with the emerging world is by no means new.1 And the interest is not just rhetorical: it is borne out … Read more China’s Global Rise