U.S.-Mexico trade: are we still connected?
Maquilador downturn: structural change or cyclical factors?
The impact of the maquiladora industry on U.S. border cities
For decades, the maquiladora industry has been a major economic engine along the U.S.?Mexico border. Since the 1970s, researchers have analyzed how the maquiladora industry affects cities along both sides of the border. Gordon Hanson (2001) produced the first comprehensive study on the impact of the maquiladoras on U.S. border cities, considering the impact of these in-bond plants on both employment and wages. His estimates became useful rules of thumb for the entire U.S.?Mexico border. These estimates have become dated, as Hanson's study covered the period from 1975 to 1997. The purpose of ...
Trade, manufacturing put Mexico back on track in 2004
Mexico rides global recovery but still faces hurdles
The Mexican economy has grown robustly following the worst recession since the peso crisis of 1994. Gross domestic product (GDP) growth surged 5.4 percent in 2010, surpassing expectations. Though the pace of expansion slowed in early 2011 as the U.S. engine sputtered, forecasts call for a slight pickup in the second half. ; The recovery is the product of primarily three factors: first, a rebound in manufacturing exports, mostly to the U.S. but also to other markets; second, a strengthening internal market fueled by a healthy domestic financial sector; and third, significant capital inflows ...
Border benefits from Mexican shoppers
Commentary on session III: U.S.-Mexico remittances: recent trends and measurement issues
Summary and discussion of the three papers in this session: "Leveraging remittances for development" by Dilip Ratha; "Remittances and their microeconomic impacts: evidence from Latin America" by Catalina Amuedo-Dorantes; and "The relationship between international migration, trade, and development: some paradoxes and findings" by J. Edward Taylor. ; The rest of this commentary explores recent trends in U.S.-Mexico remittances, explaining how they are measured and comparing them with forecasts of remittances based on an econometric model and with trends in other developing countries.
Is the recession over in El Paso?
In December 2007, the U.S. economy entered a mild recession, a downturn that would ultimately trigger the worst financial crisis since the Great Depression and a fall into one of the longest and deepest recessions of the past 60 years. Growth returned to the U.S. in mid-2009 but remains too slow to make inroads into stubbornly high unemployment. Virtually no geographic area of the country was left untouched by the U.S. downturn, including El Paso, although the local economy performed much better than other border cities, such as McAllen, Brownsville and Laredo. Government-related spending, ...