MEXICO ¿Un juego de serpientes y escaleras? Jorge G. Gonzalez Trinity University.

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MEXICO ¿Un juego de serpientes y escaleras? Jorge G. Gonzalez Trinity University

Recent Economic and Political Events Economic recovery in the U.S. Government gridlock Political scandals (AMLO and PRI) Mexico – U.S. relationship

Vital Signs Is the link alive?

Industrial Production Index (January 2000 = 100) Source: Banco de México and FED

Vital Signs Is the link alive? GDP growth

Real GDP % yearly change Source: INEGI

Vital Signs Is the link alive? GDP growth Direct foreign investment

Foreign Direct Investment Billions of Dollars Source: Banco de México

Debt Market Foreign Investment Billions of Dollars Source: Banco de México

Stock Market Foreign Investment Billions of Dollars Source: Banco de México

Vital Signs Is the link alive? GDP growth Direct foreign investment Super Peso and foreign sector

Exchange Rate Pesos per U.S. Dollar Source: Banco de México

Exchange Rate Pesos per U.S. Dollar Source: Banco de México

Inflation Differential vs. Exchange Rate Inflation Exchange Rate Source: Banco de México

Merchandise Trade Billions of Dollars Source: Banco de México Imports Exports

Family Remittances Billions of Dollars Source: Banco de México

Family Remittances Billions of Dollars Source: Banco de México

Vital Signs Is the link alive? GDP growth Direct foreign investment Super Peso and foreign sector Federal government balance

Government Balance Balance / GDP Source: SHCP

Vital Signs Is the link alive? GDP growth Direct foreign investment Super Peso and foreign sector Federal government balance War on inflation

Inflation Source: Banco de México

Vital Signs Is the link alive? GDP growth Direct Foreign Investment Super Peso and Foreign Sector Federal Government Balance War on Inflation

Political Environment Presidential elections Felipe CalderónRoberto Madrazo Andrés López Obrador

Political Environment Presidential elections Structural reform paralysis

Incredible transformation with stability Fox’s legacy: Separation of powers Much work to be done Grave danger: Rule of law A Game of Chutes and Ladders?

MEXICO ¿Un juego de serpientes y escaleras?