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, because of endogenous political, institutional, and legal constraints that could openly defeat the aims of energy reform or quietly subvert them, even under the guise of success.
By George Baker, Contributing Expert
Jan. 6, 2014, 1:32 p.m.