“Every day along the world’s busiest border, an expensive and time-consuming pantomime is acted out.” So begins the Economist’s coverage of the trucking agreement recently announced between Mexico and the United States. From that smart opening line the paper slips into an uncharacteristic fit of naïveté, arguing that Mexico stands to chalk major gains from […]
Maquiladora factories symbolize Mexico’s economic integration with the United States. While lower wages in China lured away many clothing, toy and TV outfits, today a manufacturing revival is evident in Mexico. Factories are humming at full tilt; some are expanding operations. This news carries two surprises. First, Mexican manufacturing is rebounding ahead of growth and […]
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