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.
The winner’s curse — overestimating the value of an asset and therefore overpaying — is often associated with acquisitions of publicly-traded firms but not with private acquisitions. Using an event study methodology for over 22,000 private acquisitions of U.S. firms between 1985 and 2015, the authors examine a possible winner’s curse for such acquisitions, testing variables to determine what characteristics make a private company more likely to overestimate the asset's value.
The U.S. prosecution of drug kingpin El Chapo Guzman could open a Pandora’s box that exposes corrupt officials in both countries, writes fellow Gary Hale in the Baker Institute Blog.
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.
The authors of this brief assert that amid mounting allegations of abuse of power at the U.S.-Mexico border, Customs and Border Protection (CBP) needs to incorporate measures to improve transparency and accountability, particularly in the matter of redressing complaints.
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.
Mexico’s energy reforms created a still-developing reality whereby interactions among the players require new rules, new dispute settlement procedures, and far-reaching legal expertise. Importantly, the reforms also redefined the country's prevailing culture and legal norms. This prologue serves as a guide for readers of the series of papers that follow on the impact of energy reforms on Mexico's rule of law.
The federal government will need a nuanced approach to properly stimulate small business growth. However, a core
focus should be on creating a level playing field for community banks to compete to provide small business loans.
