Energy regulation under Mexico's energy-sector reforms are of great interest to investors, since autonomous regulators—protected from political pressures and able to make and sustain technical decisions—can guarantee greater legal consistency than government authorities exposed to political pressures. The difficulty was finding an alternative model that ensured the institutional strengthening of the agencies without relinquishing too much control of the executive branch.
Following the legalization of retail marijuana sales in Colorado and Washington, and medical marijuana in 22 states with more to follow, marijuana legalization appears inevitable — even in “law and order” states like Texas. Political science fellow Mark P. Jones discusses why Texas is unlikely to legalize the sale and consumption of marijuana in the near future.
Narendra Modi was sworn in as India’s new prime minister on Monday, a little over a week after a landslide victory at the polls. The resounding win gives Modi much greater freedom to implement his agenda than any Indian leader in recent years, says international economics fellow Russell Green. What will Modi’s India look like, and how will it affect the U.S.? Green, who spent four years in India as the U.S. Treasury Department’s first financial attaché to that country, explains.
Mexico's organized crime groups have expanded into areas that include the theft of crude oil, gas and gasoline. The impact of organized crime on the energy sector is a real threat to the intended effects of Mexico's energy reforms.
Mexico’s 2013–2014 energy reform promises to bring the country’s economic drivers and regulatory institutions in line with the global practices of free market democracies. If successful, this development would be a 180-degree turn. The accomplishment of such realignment is hardly assured, however.
In 2012, the Drug Policy Program at Rice University’s Baker Institute and the South Texas College of Law (STCL) established a unique agreement to work together on model legislation for the decriminalization and regulation of marijuana in Texas. The collaboration was initiated by students and supported by the administrations and faculties of both educational institutions. South Texas College of Law students produced 19 separate statutes for their public law course in the spring 2013 semester. They were asked to write model legislation regarding some aspect of marijuana policy and provide well-reasoned commentary for their statutes. Experts from the Baker Institute’s Drug Policy Program gave guest lectures on drug policy issues and worked with STCL professor Drury Stevenson to provide a general direction for the course.
The goal of the collaboration between the STCL and the Baker Institute was to create a variety of statutes that legislators and government officials can consult and learn from as marijuana policy is increasingly debated over the next decade. Neither the Baker Institute nor the South Texas College of Law endorses any particular policy. The model legislation has not undergone editorial review by the Baker Institute.
A proposed inflation targeting (IT) approach to monetary policy has generated vigorous debate in India, where inflation has not dropped much below 10 percent for the past eight years.
Baker Institute health policy experts Hagop M. Kantarjian and Vivian Ho explain why Texas, which holds the notorious record of the highest rate of uninsured citizens in the U.S., should follow many Republican-led states that are now reconsidering the Medicaid expansion program under Obamacare.
