With two corporate groups dominating Mexico's television sector, the country’s 2014 telecommunications reform established constitutional “must carry” and “must offer” (MC/MO) regulations. These regulations mandate that free-to-air broadcasters must allow pay TV companies to retransmit in the same coverage area without payment (must offer) and that pay TV companies must provide audiences with these free-to-air broadcasts without passing fees along to subscribers (must carry).
While the reform legislation places rhetorical importance on promoting culturally diverse and pluralistic content for all broadcast audiences, there is little substantive commitment to these ideals. The Mexican variation of MC/MO is an ad hoc policy with many flaws. Ultimately, the Supreme Court will determine the future of MC/MO in Mexico. Given the reform’s legal framework, however, content diversity and pluralism will not be enhanced by MC/MO in Mexico.
Texas loses between five to six million acre-feet of water per year to evaporation from surface water supply reservoirs. Aquifer storage and recovery (ASR), whereby water supplies are stored underground, may provide a useful strategy for managing and protecting water supplies.
As Congress resumes work this spring on a bill granting Trade Promotion Authority to President Obama for completion of the Trans-Pacific Partnership trade pact, many members have sought inclusion of a chapter on currency manipulation. Currency manipulation is a legitimate concern. However, countermeasures require clear, objective identification of currency manipulation. Both the IMF and the U.S. Treasury Department have mandates to identify currency manipulation, yet neither has done so in the past 20 years. If it can be done, why has it not happened more often?
In this issue brief, Russell Green, Will Clayton Fellow in International Economics, reviews the difficulties of operationalizing a currency manipulation chapter and argues that the difficulty of identifying currency manipulation suggests serious political obstacles to implementation.
The current electoral labyrinth in Egypt continues to pose a significant challenge to creating a just and all-inclusive political system. Despite the myriad electoral reforms and constitutional amendments passed in the past four years, women continue to play a minor role in the decision-making process in postrevolutionary Egypt. The new constitution unveiled in early 2014 lacks a constitutional provision or a quota system that would guarantee equal political representation for women; this will negatively impact women’s ability to exert influence in the political arena.
Brazilian President Dilma Rousseff is starting her second term in office facing economic and political problems that feed into each other. These problems can be attributed to a large extent to mistakes her administration made during her first term. Rousseff’s macroeconomic policy proved to be inconsistent, and the choices she made in some key economic sectors, especially energy, were demonstrably disastrous. Rousseff now faces
the enormous challenge of reconciling the leftwing populism that led her to victory with the inescapable need
to regain the trust of the most dynamic sectors of Brazilian society, including the private sector.
This year marks a turning point in Argentinian politics now that Cristina Fernández de Kirchner lacks the constitutional possibility of being reelected. And with the party system fragmented as it is, no candidate has a clear victory.
In contrast to the generally accepted view of U.S. policy toward hostile regimes, especially in the Caribbean basin, Washington is not trying to destabilize the government of Venezuela. In fact, it is making efforts to keep Nicolás Maduro in office. With U.S. foreign policy in a precarious position — facing challenges from ISIS, Russia and China — stabilizing the Maduro government looks like the most rational option to support the White House’s current interests in the Western Hemisphere.
Anticipation is growing as India's Prime Minister Narendra Modi prepares to release his government’s annual budget. International economics fellow Russell Green advises Modi to go big.
The mysterious death of a special prosecutor who accused Argentina’s president of “an alliance with terrorists” has shaken the nation. If the prosecutor’s allegations prove to be true, the scandal will test whether democracy in Argentina means that all citizens — including the president — are accountable under the law.
