Author: Staff

Pemex Opening To Foreign Investment Will Pave The Way To Mexico’s Deepwater Oil Fields

Oil has been Mexico’s ticket to development for almost a century. And since the nationalization of Petróleos Mexicanos (Pemex) in 1937 — which Tuesday celebrated its 76 anniversary — it has been a source of pride and a fiercely defended symbol of Mexican independence.However, the golden-egg hen that Mexican oil once was is dying out. Pemex, still the seventh-largest oil company in the world and source of 8 percent of Mexico’s GDP, has been fighting trouble for some time now. With a total debt of $61 billion, or $100 billion when labor liabilities are factored in, Pemex might be...

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Why more skilled immigration would be good for American workers, too

In a certain, dreary light, right now seems like a terrible time to rewrite immigration law to invite tens of thousands of new skilled immigrants to move to the United States. Unemployment is still high. The recovery feels painfully slow. At last count, 10.5 million people who already live here and who’ve been looking for work haven’t been able to find it.“I think people are scared,” says Beth Ann Bovino, the U.S. Chief economist for Standard & Poor’s. “There are a lot of misconceptions about what it means when we have immigrant talent come to the U.S. I completely...

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Terra Incognita. La relación México-Estados Unidos

En la Biblioteca del Congreso de Estados Unidos hay un mapa del cartógrafo alemán Martin Waldseemüller, publicado en 1507. El territorio en América que hoy corresponde a México y Estados Unidos está marcado como Terra Incognita (territorio desconocido). Más de 500 años después de la creación de ese mapa, en buena medida seguimos siendo eso: dos desconocidos.Probablemente no exista en el planeta una relación bilateral tan complicada como la de México y Estados Unidos ni tampoco dos países que sean tan importantes el uno para el otro. Nos une una frontera de más de tres mil kilómetros, comerciamos productos...

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Andres Oppenheimer: The good and the bad of North America’s summit – Andres Oppenheimer – MiamiHerald.com

The summit of President Barack Obama with his counterparts from Mexico and Canada was a missed opportunity to relaunch the 20-year-old free trade agreement among the three countries, but it produced a little-noticed plan that may have a big impact on North America’s economic and cultural integration in coming years.While much of the media coverage of Wednesday’s summit in Toluca, Mexico, focused on the presidents agreements on energy and security issues, their most important talks may have centered on a dramatic increase of academic and student exchanges, as well as joint scientific research and innovation centers.According to senior Mexican...

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Brookings Institution Scholar Praises Mexico’s Advanced Manufacturing — Medium

Alan Berube, senior fellow and deputy director at the Brookings Institution Metropolitan Policy Program, recently praised the integrated supply chains between Mexico, Canada and the United States and outlined proposals that would increase North America’s share of global exports.“Trade volumes between the United States and Canada and Mexico are massive and growing, due in no small part to the fact that manufacturers now treat the continent as one seamless market for research, design, production, and distribution,” Berube wrote. “Firms—both large multinationals like Bombardier and Volkswagen and smaller firms like 3D Robotics and Vitro—stretch their supply chains across North America...

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