Recent money laundering cases in Texas have left behind a trove of documents that open a window into the methods used by Mexican kleptocrats. They also reveal what the U.S. can do to strengthen its financial system against such illicit activities.
The PJD's pragmatic politics — intended to maintain the king’s support and appeal to heterogeneous constituencies — failed to protect the party from fragmentation and moves to weaken it.
While academic and popular debates tend to focus on differential benefits and costs of trade across countries or industries, this brief highlights winners and losers at the level of individual firms. The authors demonstrate that preferential liberalization produces concentrated benefits among a relatively small number of very large and productive firms.
Pablo M. Pinto, Leonardo Baccini, Stephen WeymouthNovember 21, 2017