Brazil's economy is among those most closed to foreign trade. Debate on trade policy has returned to the political agenda, but domestic and international circumstances do not currently favor reform. This brief discusses the outlook for trade policy reform in Brazil during President Michel Temer's term and the challenges that will be faced by any succeeding government.
Ambassador Edward P. Djerejian, director of the Baker Institute, makes the case for a comprehensive North American strategy in which the U.S., Mexico and Canada act in concert to become the global superpower of the 21st century.
NAFTA has become increasingly more controversial in the United States. U.S. firms and workers are best served by an examination of the agreement to improve and modernize the relationship and make it more equitable to all partners. This will benefit America’s economy, and that of Canada and Mexico.
Shifts in U.S. economic policy toward China could provide leverage on other issues and, at the beginning of a new administration, usefully set a tone of cooperation.
Although the energy challenge is significant and requires a long-term view to be successfully addressed, long-term goals can be sustainably achieved through fundamental research and development.
Regardless of one’s views toward Fidel Castro, his strong impact on world history is undeniable, Latin America Initiative director Erika de la Garza writes in this post for the Baker Institute Blog.
This working paper analyzes three key factors that characterize the “new normal” of China’s oil demand: slowing overall demand growth, gasoline replacing diesel as the demand driver, and a substantial rise in refined products exports.
This brief argues that, in contrast to the pessimism and ongoing recession in Latin America generated by the collapse of commodity prices, there are reasons for optimism in the area of external financing.