Research Library

Trade and financial shocks have worsened Latin America’s economic prospects in the past year. Latin America — and South America in particular — are expected to perform poorly into 2016.

The decade 2003-2013 was an exceptional one for Latin America in social terms, but less clearly so in economic terms. Growth slowed down significantly after the exceptional factors that fed the 2003-2007 boom came to an end. The possible unwinding of the super-cycle in commodity prices and, to a lesser extent, of the expansionary monetary policy of the United States, has added new challenges. But the major issue is the need to overcome the poor long-term economic performance that has characterized the region in the post-market reforms period, particularly by adopting active production sector development strategies.

The Trans-Pacific Partnership Agreement offers an opportunity to deepen U.S.-Mexico economic ties without reopening the still contentious North American Free Trade Agreement for negotiation. It may also serve as a vehicle for advancing the current Mexican government’s economic reform agenda. The leaders of the U.S. and Mexico believe that the TPP will bolster domestic economic growth.

Academic mobility is critical for robust collaborations in education, research and innovation between the U.S. and Mexico. Governments in both countries, in cooperation with nongovernmental actors, should provide a framework to develop mechanisms that generate and sustain a meaningful exchange of students, faculty, and staff from educational institutions at all levels of post-secondary education.

Despite mounting efforts toward achieving gender equality, the MENA region continues to rank the lowest worldwide in women’s economic participation and opportunity.