Fundamentally, the United States should regard Mexico and Central America not as adversaries but as economic partners in a world increasingly defined by competition between the U.S. and an ever-more aggressive China determined to establish global hegemony-even in our hemisphere.
Mexico complements the U.S. in ways that promote regional competitiveness.
Mexico enjoyed macroeconomic stability, during which inflation, exchange-rate volatility, and short-term interest rates converged with those of the U.S. Economic cycles in industrial production also converged in both countries.
A big overlap exists in the kinds of products-clothing, automotive, and consumer electronics-in which both Mexico and China excelled; the two countries' export mixes to the U.S. became similar just when China increased its manufacturing export capacity.
Mexico specialized in industries and activities in which, in some cases, China would eventually develop a comparative advantage.
As China's dominance as a U.S. trading partner has grown, Mexico has seen a rapid rise of crime and corruption.
A bold program that steers American investment, and that of allies, to Mexico and Central America could be critical to bolstering our trade position and creating newly receptive customers.
https://www.city-journal.org/mexico-border-crisis
Mexico complements the U.S. in ways that promote regional competitiveness.
Mexico enjoyed macroeconomic stability, during which inflation, exchange-rate volatility, and short-term interest rates converged with those of the U.S. Economic cycles in industrial production also converged in both countries.
A big overlap exists in the kinds of products-clothing, automotive, and consumer electronics-in which both Mexico and China excelled; the two countries' export mixes to the U.S. became similar just when China increased its manufacturing export capacity.
Mexico specialized in industries and activities in which, in some cases, China would eventually develop a comparative advantage.
As China's dominance as a U.S. trading partner has grown, Mexico has seen a rapid rise of crime and corruption.
A bold program that steers American investment, and that of allies, to Mexico and Central America could be critical to bolstering our trade position and creating newly receptive customers.
https://www.city-journal.org/mexico-border-crisis
No comments:
Post a Comment