Mexico Weekly: The role of Democracy Promotion for effective Economic Liberalization
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THE ROLE OF DEMOCRACY PROMOTION FOR EFFECTIVE ECONOMIC LIBERALIZATION
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Democracy as a concept has many interpretations but it can be described as a the process that determines who gets power through an election process in which voters exercise their citizen right and make the government accountable for its actions (Shumpeter). It is through democracy promotion strategies that states design and potentiate norms that define a collective standard of proper behaviour. (Shimmelfenning 2002:6)
The process of democratization, understood as the establishment and consolidation of a democratic regime with all its implications; norms , principles, decision making procedures and rules, is a complex one as it depends not only on domestic factors such as political culture , historical background, disposition and interests of the ruling elite and participation of civil society; but also on external factors like participation and influence of international organizations, international law, the behavior of the international community and conditionality of foreign aid.
The convergence and linkage between domestic and international processes in the establishment of a democratic regime has been recently addressed by researchers in order to explain democracy promotion strategies and explain the positive impact it may have to international trade and commerce.
With 122 million residents, as its e-commerce market matures Mexico will become a heavyweight in the sector very quickly. Mexico’s top income decile earns an average annual income of over US$40,000. This group is almost equal in size to Chile’s entire population.
At the beginning of April international investors made two whopping bets by snapping up the first ever 100-year bond denominated in euros. The first bet was that the euro would still exist a century from now. No bookie would give short odds on that. The second was that the issuer, Mexico, which suffered three long cycles of boom and bust in the past century, would continue to be creditworthy for the next 100 years.
The (partial) decline of Brazilian car manufacturing
April 27, 2015
In particular Mexico and to a lesser extent Colombia have seen steady increases in sales. In Mexico’s case, exports bound for the US rose 15.2 per cent year on year in the first quarter, with the industry attracting billions of dollars of investments in new plants.
The slump in oil and natural gas prices since last summer has driven the American production operations of the world’s largest oil companies into losses.
Mexico has many charms. Economic growth is not one of them. The IMF recently trimmed its 2015 output forecast for the country to three per cent — an acceleration from last year, but miles short of the boom times. Oil is a key export and contributes almost a third to the government’s budget. But oil prices are down at the same time as Mexico’s production is falling in the Gulf. The result is that government spending is expected to contract for the next year or two.
Mexico crackdown reduced number of child migrants at US border – study
April 29, 2015
Mexican efforts to crack down on Central American migrants have vastly reduced the number of unaccompanied minors reaching the border of the United States, according a new analysis of deportation figures by the Pew Research Center.
China was the country of origin for 147,000 recent U.S. immigrants in 2013, while Mexico sent just 125,000, according to a Census Bureau study by researcher Eric Jensen and others presented Friday. India, with 129,000 immigrants, also beat Mexico, though the two countries’ results weren’t statistically different from each other.
How people actually celebrate Cinco de Mayo in Mexico
April 30, 2015
The holiday actually commemorates a military victory, when Mexico defeated the French in 1862. And instead of being celebrated across the country, the only place that really celebrates the holiday is Puebla, where the battle actually took place.
