Low oil prices mean trouble for Mexican government’s finances

Despite the recent oil prices slump, Mexico may indeed fare better, and if the country’s leaders make an effort, Mexico will emerge in better shape than most, especially now that oil prices appear to be rebounding. But if they tinker with the solid macroeconomic foundations of the last three administrations for too long, the country may be headed for trouble. Continue Reading

Border security and (mis-)management

In the first of a six-part Baker Institute Viewpoints series, experts respond to the question: What are the implications of expanding border security?

The immigration bill recently passed in the Senate assigns nearly $50 billion to increase border security – a border “surge.” This unprecedented deployment of resources includes 20,000 additional Border Patrol agents; new technology such as drones, sensors and cameras; and hundreds of miles of wall along the border. Proponents reason that the border surge will bring order to the region and stem the flow of undocumented immigrants into the United States. However, this expenditure could lead to multiple unintended consequences that should give pause to anyone considering it. Continue Reading