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Mexico Weekly - Reform and Change in Mexico 
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Reform and Change in Mexico 

by
The Ditchley Foundation 


Introduction

Meeting as part of the celebrations of the year of Mexico in the UK and of the UK in Mexico, our aim was to look at the process of reform and change in Mexico, analyse where things stood, and make recommendations in areas where there could be improvement. We had a diverse group around the table, with Mexican citizens and residents matched by observers from elsewhere in the region and the world. Discussion was lively and if at times there was criticism of Mexico, this was always offered in a positive spirit, and with the aim of seeing Mexico do even better in the future against the benchmark of an internationally developed country.

Mexico’s political situation

We noted that Mexico was not an easy country to understand, and that there could be no good understanding of the country without a proper appreciation of its complex history and culture. We also noted that, even more than was the case for most countries, there were multiple Mexicos, very different from each other, with some 60 ethnic groupings, which made simplistic generalisations about the country even more unlikely to be valid than usual. These differences went well beyond the North-South divide, and the gap between rich and poor, important and striking though these were. Mexico was also a country best seen as evolutionary, not revolutionary, where change came slowly, and in fits and starts, but hopefully also came surely.

Finally, we noted that Mexico, having moved from authoritarian government to an established if still immature democracy, was now in a third phase of political change where democratic rights and habits were becoming more solidly accepted and rooted. Greater social justice was clearly required. Like the previous phases, this might be slow and at times uncertain. Expectations should be kept in check in the short term. But the direction of travel was clear, and there was little or no chance of going significantly backwards. 

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Mr Trump is adamant that Mexico is "not sending their best" to the US. But the data suggests that immigrants arriving from Mexico are probably less likely to be violent criminals than those in America already.

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FINANCIAL TIMES 

Mexico's oil auction: short-term dissappointment v long-term progress

July 16, 2015

Juan Carlos Zepeda, the president of Mexico’s National Hydrocarbons Commission (CNH), announced the results of bidding for exploration contracts in 14 shallow water blocks in the Gulf of Mexico.


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THE ECONOMIST

Transatlantic Reflections: Populist parallels between Europe and Latin America

July 18, 2015

The late Carlos Fuentes, a Mexican writer, compared the exercise of mutual influence between Spain and its former colonies to “a mirror: looking from the Americas to the Mediterranean, and back”. Those transatlantic reflections continue in ways that would have seemed surprising only a few years ago.

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BLOOMBERG BUSINESS

Mexico, where shoppers still flock to Blockbusters and Woolworth

July 16, 2015

Blockbuster, Woolworth and Sears -- extinct or barely hanging on in the U.S. -- are getting an afterlife from Mexican billionaires and other investors who look past the mustiness and see profits.

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THE GUARDIAN

Has 'El Chapo' turned the world's former most dangerous city into a calm city?

July 18, 2015


In Ciudad Juárez, murder was currency. Officials claim its new tranquillity is from military effort, others say it’s the triumph of the jail-breaking crime boss Joaquín Guzmán and his cartel, helped by the army and police, against rival

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BLOOMBERG BUSINESS

America Movil misses profits estimates amid fines in Mexico

July 16, 2015

America Movil SAB reported second-quarter profit that missed analysts’ estimates as regulatory sanctions hurt growth in Mexico, offsetting gains outside of its home market. 

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FINANCIAL TIMES 

Farewell to Latam's investing banking salad days?

July 18, 2015

What’s to blame for this Latin collapse? The answer does not lie in the state of global capital markets. Worldwide, share issues hit $545bn, their highest level ever; investment grade corporate bond issues achieved another top; while global M&A rose for the fourth straight year.


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THE TELEGRAPH

Sea of Cortes: The world's aquarium

July 18, 2015


The Sea of Cortez has an almost legendary status among divers and marine naturalists. John Steinbeck wrote a book about his voyage here aboard a scientific collecting expedition in 1940, and Jacques Cousteau famously called it “the world’s aquarium”.

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