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South of the Border, Down Mexico Way: the Past, Present, and Future of Petroleum Development in Mexico,‡ Part I
Owen L. Anderson* & J. Jay Park† SOUTH OF THE BORDER, DOWN MEXICO WAY: THE PAST, PRESENT, AND FUTURE OF PETROLEUM DEVELOPMENT IN MEXICO,‡ PART I ABSTRACT Mexico is estimated to have 9.8 billion barrels of untapped oil reserves, or about 10 percent of the world’s crude oil; however, much remains undeveloped and production is declining as a result of dysfunction in the structure of Mexico’s petroleum regime. Until recently, Mexico’s Constitution and laws limited oil and gas activities to those of its state oil company, Petróleos Mexicanos (Pemex), which struggled to invest in new drilling and technology. In 2013, however, Mexico reopened its petroleum sector to foreign investment. Although 75 years in the making, Mexico is taking a bold new path toward developing its petroleum resources. Mexico stands to benefit from foreign investment and new technology to develop its remaining resources, which include shale deposits, deepwater reserves, and reserves only recoverable through modern enhanced recovery techniques. This two-part article has two objectives: Part I reviews the history of petroleum in Mexico—much of it unhappy—as a reminder of the long and tortuous pathway that led to Mexico’s current initiative to open its petroleum sector to foreign investment. The Mexican economy was built on oil in the early 1900s, but a combination of nationalism, petroleum-investor arrogance, and eventual over- dependence on petroleum revenues all served to undermine the Mexican oil industry. It is important for petroleum investors to understand and appreciate this history in order to ease the transition of new oil production in Mexico. -
The Modernization of the EU-Mexico Global Agreement, 2000-2020
Master’s Degree in Comparative International Relations Final Thesis Towards a new generation trade agreement: the modernization of the EU-Mexico Global Agreement, 2000-2020 Supervisor Ch. Prof. Duccio BASOSI Assistant supervisor Ch. Prof. Vanni PETTINÀ Graduand Silvia SCHIAVONI 877176 Academic Year 2019/2020 Index Abstract 1 Introduction 5 Chapter 1: The external trade policy of the EU 1) Influences on the evolution of European trade policies 10 2) The Common Commercial Policy of the EU 13 3) The Treaty of Lisbon and the new EU trade strategies 20 4) Main characteristics of FTAs/PTAs 26 5) First Generation FTAs 31 6) DCFTA 35 7) EPA 36 8) New Generation Agreements 38 9) The new generation of EU FTAs: South Korea, Japan, Singapore, Vietnam, TTIP, CETA and Mercosur 41 Chapter 2: Mexico’s external policy and its trade relations with the EU 1) History of Mexican commercial policy 53 2) The 1980s trade opening and liberalization reforms 60 3) The North America Free Trade Agreement (NAFTA) 64 4) European Union relations with Latin America 68 5) Evolution of Mexican relation with the European Union, 1900s – 1992 73 6) The framework of the 1997 Mexico-European Union Global Agreement negotiations 83 Chapter 3: Modernization of the Mexico-European Union Global Agreement 1) Analysis of the Global Agreement and the 2008 Strategic Partnership 88 2) First years of Global Agreement implementation: 2002-2006 97 3) EU-Mexico relations in the framework of the Global Agreement 2006-2012 106 4) The period 2012-2016 and the decision to modernize the Global Agreement 115 5) Global Agreement impact assessment 123 6) The Agreement in Principle and the inclusion of new elements 129 Conclusion 139 Bibliography 144 Abstract Verso la metà degli anni Novanta, mentre il Messico firmava l’Accordo nordamericano di libero commercio con i due partner principali dell’America del Nord, gli Stati Uniti e il Canada, la quota europea del mercato messicano diminuiva in maniera costante. -
Pervasive Precarity: Migrant Mexican Oil Workers
Pervasive Precarity: Migrant Mexican Oil Workers’ Experiences and Tactics to Navigate Uncertainty By Rebecca J. Crosthwait © 2014 Submitted to the graduate degree program in Anthropology and the Graduate Faculty of the University of Kansas in partial fulfillment of the requirements for the degree of Doctor of Philosophy. ________________________________ Chairperson, Donald D. Stull, Ph.D., M.P.H. ________________________________ Brent E. Metz, Ph.D. ________________________________ Ebenezer Obadare, Ph.D. ________________________________ Peter Herlihy, Ph.D. ________________________________ Ruben Flores, Ph.D. Date Defended: November 24, 2014 The Dissertation Committee for Rebecca J. Crosthwait certifies that this is the approved version of the following dissertation: Pervasive Precarity: Migrant Mexican Oil Workers’ Experiences and Tactics to Navigate Uncertainty ________________________________ Chairperson Donald D. Stull Date approved: December 10, 2014 ii Abstract An ethnographic analysis of precarity as experienced by migrant Mexican oil workers in permanently insecure work structures in the Gulf of Mexico, this study explores precarious employment situations in the oil industry and tactics workers use to navigate, cope with, and diminish uncertainty. In addition to workers’ experiences, I analyze the contexts in which individuals live and work, including: labor-market changes; the history, politics, and geography of oil; and hurricanes’ impacts on labor. To better understand the tightrope walk between precarious employment and unemployment, I conducted interviews with workers and others affiliated with the oil industry during fieldwork in the Coastal Bend of Texas, in 2008, and Ciudad del Carmen, Mexico, in 2012. Both areas are important in the Gulf of Mexico oil industry and draw workers for projects both in the fabrication of offshore vessels and drilling and production of offshore oil. -
The Case of Mexico
Wright State University CORE Scholar Browse all Theses and Dissertations Theses and Dissertations 2011 When Prohibition and Violence Collide: The Case of Mexico Kyleigh M. Clark Wright State University Follow this and additional works at: https://corescholar.libraries.wright.edu/etd_all Part of the International Relations Commons Repository Citation Clark, Kyleigh M., "When Prohibition and Violence Collide: The Case of Mexico" (2011). Browse all Theses and Dissertations. 1070. https://corescholar.libraries.wright.edu/etd_all/1070 This Thesis is brought to you for free and open access by the Theses and Dissertations at CORE Scholar. It has been accepted for inclusion in Browse all Theses and Dissertations by an authorized administrator of CORE Scholar. For more information, please contact [email protected]. WHEN PROHIBITION AND VIOLENCE COLLIDE: THE CASE OF MEXICO A thesis submitted in partial fulfillment of the requirements for the degree of Master of Arts By KYLEIGH CLARK B.A. International Studies, Wright State University, 2009 2011 Wright State University WRIGHT STATE UNIVERSITY GRADUATE SCHOOL November 18,2011 I HEREBY RECOMMEND THAT THE THESIS PREPARED UNDER MY SUPERVISION BY Kyleigh Clark ENTITLED When Violence and Prohibition Collide: The Case of Mexico BE ACCEPTED IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE DEGREE OF Master of Arts. ______________________________ December Green, Ph.D. Thesis Director ______________________________ Laura M. Luehrmann, Ph.D. Director, Master of Arts Program in International and Comparative Politics Committee on Final Examination: ___________________________________ December Green, Ph.D. Department of Political Science ___________________________________ Laura Luehrmann, Ph.D. Department of Political Science ___________________________________ Nancy Broughton, Ph.D. Department of Modern Languages ______________________________ Andrew T. -
A Study of the Canadian Property Boom
A Study of the Canadian Property Boom By Shirley Xueer Zhou BCom. Accounting, University of Toronto, 2014 M.B.A. Tsinghua University, 2020 SUBMITTED TO THE MIT SLOAN SCHOOL OF MANAGEMENT IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE DEGREE OF MASTER OF SCIENCE IN MANAGEMENT STUDIES AT THE MASSACHUSETTS INSTITUTE OF TECHNOLOGY JUNE 2020 © 2020 Shirley Xueer Zhou All Rights Reserved. The author hereby grants to MIT permission to reproduce and distribute publicly paper and electronic copies of this thesis document in whole or in part in any medium now known or hereafter created. Signature of Author_________________________________________________________________________ MIT Sloan School of Management Certified by_______________________________________________________________________________ Roberto Rigobon Society of Sloan Fellows Professor of Management Thesis Supervisor Accepted by________________________________________________________________________________ Jacob Cohen Senior Associate Dean for Undergraduate & Master’s program MIT Sloan School of Management 1 A Study of the Canadian Property Boom By Shirley Xueer Zhou Submitted to the MIT Sloan School of Management on May 8, 2020, in partial fulfillment of the requirements for the degree of Master of Science in Management Studies ABSTRACT Canadian real estate has experienced unprecedented rapid growth since the early 2000s. People are buying homes out of concern and hope that prices may continue to rise. The immediate consequence of this trend is the changes in affordability for Canadian households. Increasing number of individuals have had to shoulder debt burdens that exceed their capacity to pay as a result of the price inflation. This has generated significant risk for the financial system and the strength of the economy. The vulnerabilities due to the housing market performance may undermine economic fundamentals and weaken the economy’s ability to withstand disruptions. -
Emerging Trends in Real Estate® 2019
RYAN DRAVITZ RYAN Emerging Trends in Real Estate® United States and Canada 2019 2019_EmergTrends US_C1_4.indd 1 9/7/18 2:57 PM Emerging Trends in Real Estate® 2019 A publication from: 2019_EmergTrends US_C1_4.indd 2 9/7/18 2:57 PM Emerging Trends in Real Estate® 2019 Contents 1 Notice to Readers 54 Chapter 4 Property Type Outlook 55 Industrial 3 Chapter 1 New Era Demands New Thinking 59 Single- and Multifamily Overview 4 Intensifying Transformation 59 Apartments 6 Easing into the Future 64 Single-Family Homes 8 18-Hour Cities 3.0: Suburbs and Stability 67 Office 9 Amenities Gone Wild 71 Hotels 10 Pivoting toward a New Horizon 73 Retail 11 Get Smart: PI + AI 13 The Myth of “Free Delivery” 76 Chapter 5 Emerging Trends in Canadian 15 Retail Transforming to a New Equilibrium Real Estate 16 Unlock Capacity 76 Industry Trends 18 We’re All in This Together 82 Property Type Outlook 20 Expected Best Bets for 2019 87 Markets to Watch in 2019 20 Issues to Watch in 2019 91 Expected Best Bets for 2019 23 Chapter 2 Capital Markets 93 Interviewees 24 The Debt Sector 30 The Equity Sector 35 Summary 36 Chapter 3 Markets to Watch 36 2019 Market Rankings 38 South: Central West 39 South: Atlantic 40 South: Florida 41 South: Central East 42 Northeast: Mid-Atlantic 43 Northeast: New England 44 West: Mountain Region 45 West: Pacific 46 Midwest: East 47 Midwest: West Emerging Trends in Real Estate® 2019 i Editorial Leadership Team Emerging Trends Chairs PwC Advisers and Contributing Researchers Mitchell M. -
UNIVERSITY of CALIFORNIA RIVERSIDE Essays
UNIVERSITY OF CALIFORNIA RIVERSIDE Essays on Monetary Policy, Stock Market and Foreign Exchange Reserve A Dissertation submitted in partial satisfaction of the requirements for the degree of Doctor of Philosophy in Economics by Cheng Jiang June 2014 Dissertation Committee: Dr. Marcelle Chauvet, Chairperson Dr. Anil B. Deolalikar Dr. Jana Grittersova Copyright by Cheng Jiang 2014 The Dissertation of Cheng Jiang is approved: Committee Chairperson University of California, Riverside Acknowledgement First of all, I would like to sincerely express my gratitude to my advisor and dissertation committee chairperson Dr. Marcelle Chauvet for her continuous support, advices, and understanding during my study at the University of California, Riverside. Without her, it is hardly possible for me to achieve my academic and career goals. She enlightens me with her wide and deep knowledge in macroeconomics, financial economics, international economics, and econometrics, especially her expertise in Markov-switching dynamic factor analysis. This knowledge becomes essential tools that I apply to complete my doctoral dissertation and my future research work. In addition, I am especially grateful to Dr. Marcelle Chauvet’s contribution in the second chapter of my dissertation as the co-author. Dr. Marcelle Chauvet directed and supervised the research which formed the basis of the second chapter of my dissertation. More importantly, Dr. Marcelle Chauvet is not only a very successful economist, but also a great person. She is my spiritual mentor. Life is full of ups and downs. She always inspires me with her positive life attitude and has always been there for me during all my hard times. Every time when I recall those scenes where she devoted a lot of efforts and time to help me overcome my difficulties, I am deeply moved and truly grateful. -
Technological Progress and Monetary Policy: Managing the Fourth Industrial Revolution
Staff Discussion Paper/Document d’analyse du personnel 2019-11 Technological Progress and Monetary Policy: Managing the Fourth Industrial Revolution by Stephen S. Poloz Bank of Canada staff discussion papers are completed staff research studies on a wide variety of subjects relevant to central bank policy, produced independently from the Bank’s Governing Council. This research may support or challenge prevailing policy orthodoxy. Therefore, the views expressed in this paper are solely those of the authors and may differ from official Bank of Canada views. No responsibility for them should be attributed to the Bank. www.bank-banque-canada.ca Bank of Canada Staff Discussion Paper 2019-11 November 2019 Technological Progress and Monetary Policy: Managing the Fourth Industrial Revolution by Stephen S. Poloz Governor Bank of Canada Ottawa, Ontario, Canada K1A 0G9 [email protected] ISSN 1914-0568 2 © 2019 Bank of Canada Acknowledgements This paper was prepared for presentation at the Asia Economic Policy Conference at the Federal Reserve Bank of San Francisco, November 14, 2019. Special thanks to Thomas Carter and Jacob Dolinar for their advice and for the background historical research and model simulations. I would also like to thank, without implicating, Paul Beaudry, Paul Chilcott, Don Coletti, Toni Gravelle, Tim Lane, Jim MacGee, Eric Santor, Larry Schembri and Carolyn Wilkins for comments on an earlier draft. iii Abstract This paper looks at the implications for monetary policy of the widespread adoption of artificial intelligence and machine learning, which is sometimes called the “fourth industrial revolution.” The paper reviews experiences from the previous three industrial revolutions, developing a template of shared characteristics: • new technology displaces workers; • investor hype linked to the new technology leads to financial excesses; • new types of jobs are created; • productivity and potential output rise; • prices and inflation fall; and • real debt burdens increase, which can provoke crises when asset prices crash. -
Fiscal Policy in Latin America
This PDF is a selection from an out-of-print volume from the National Bureau of Economic Research Volume Title: NBER Macroeconomics Annual 1997, Volume 12 Volume Author/Editor: Ben S. Bernanke and Julio Rotemberg Volume Publisher: MIT Press Volume ISBN: 0-262-02435-7 Volume URL: http://www.nber.org/books/bern97-1 Publication Date: January 1997 Chapter Title: Fiscal Policy in Latin America Chapter Author: Michael Gavin, Roberto Perotti Chapter URL: http://www.nber.org/chapters/c11036 Chapter pages in book: (p. 11 - 72) MichaelGavin and RobertoPerotti INTER-AMERICANDEVELOPMENT BANK; AND COLUMBIAUNIVERSITY AND CEPR Fiscal Policy in Latin America 1. Introduction Macroeconomic analysis of Latin America has long been primarily an exercise in monetary analysis. Fiscal policy has always formed part of this study, but the emphasis has typically been on fiscal deficits only, with the interest primarily centered on their effect on monetary out- comes and inflation. This emphasis is understandable, in light of the region's history of monetary and financial instability, but the time may be ripe for a. change. While inflation has not vanished from Latin Amer- ica, over the course of the past decade it has fallen nearly to single-digit levels. There is good reason to hope that Latin America will no longer be a breeding ground for the extreme and exotic monetary experiments that have in the past occupied monetary economists around the world. If so, policymakers in the region will have scope to turn their attention to other policy problems, and students of economic policy will have to search elsewhere for lessons. -
Panic, Prosperity, and Progress Founded in 1807, John Wiley & Sons Is the Oldest Independent Publishing Company in the United States
PANIC, PROSPERITY, AND PROGRESS Founded in 1807, John Wiley & Sons is the oldest independent publishing company in the United States. With offices in North America, Europe, Australia, and Asia, Wiley is globally committed to developing and marketing print and electronic products and services for our customers’ professional and personal knowledge and understanding. The Wiley Trading series features books by traders who have survived the market’s ever changing temperament and have prospered—some by reinventing systems, others by getting back to basics. Whether a novice trader, professional, or somewhere in-between, these books will provide the advice and strategies needed to prosper today and well into the future. For more on this series, visit our website at www.WileyTrading.com. PANIC, PROSPERITY, AND PROGRESS Five Centuries of History and the Markets Timothy Knight Cover Design: Wiley Cover Illustration: top: © gettyimages.com/Robin Bartholick; background: © gettyimages.com/ Keystone-France; bottom: © gettyimages.com/DEA/A. Dagli Orti Copyright © 2014 by Timothy Knight. All rights reserved. Published by John Wiley & Sons, Inc., Hoboken, New Jersey. Published simultaneously in Canada. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning, or otherwise, except as permitted under Section 107 or 108 of the 1976 United States Copyright Act, without either the prior written permission of the Publisher, or authorization through payment of the appropriate per-copy fee to the Copyright Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA 01923, (978) 750-8400, fax (978) 646-8600, or on the Web at www.copyright.com. -
The Role of House Prices in Regional Inflation Disparities
January 1994 The Role of House Prices in Regional Inflation Disparities by Dinah Maclean The views expressed in this report are solely those of the author. No responsibility for them should be attributed to the Bank of Canada. ISSN 0713-7931 ISBN 0-662-21398-X Printed in Canada on recycled paper CONTENTS ACKNOWLEDGMENTS ................................................................................. v ABSTRACT .......................................................................................................vii RÉSUMÉ ...........................................................................................................viii 1 INTRODUCTION......................................................................................... 1 2 THE NATURE OF THE HOUSING MARKET - A THEORETICAL REVIEW .......................................................................3 2.1 Introduction........................................................................................... 3 2.2 Spatial fixity and inelastic supply...................................................... 3 2.3 Transaction costs .................................................................................. 4 2.4 Regional disparities in demand.......................................................... 5 2.5 Government intervention.................................................................... 6 2.6 Price bubbles ......................................................................................... 8 2.7 Conclusion............................................................................................ -
U.S. Relations with Mexico and Central America, 1977-1999
The Center for Comparative Immigration Studies CCIS University of California, San Diego U.S. Relations with Mexico and Central America, 1977-1999 By Marc Rosenblum University of California, San Diego Working Paper 10 May 2000 2 U.S. Relations with Mexico and Central America, 1977-1999 Marc Rosenblum Introduction This dissertation, takes issue with the null hypothesis that Congress acts alone to make immigration policy in response to domestic interest group demands. Rather, I argue that both the president and migrant-sending states care about, and seek to influence, U.S. immigration policy; and I argue the president, with varying degrees of success, seeks to use immigration as a tool of foreign policy. In this chapter, I focus on U.S. immigration relations with Mexico, El Salvador, Guatemala, and Nicaragua between 1977 and 1999. I have intentionally chosen a set of countries which have often sent large numbers of immigrants to the United States and, on the surface, appear to care about U.S. immigration policy. During the time period under consideration, U.S. relations with each of these countries have undergone important shifts: while relations with all four are very positive in the late 1990s, relations were strained, at best, with Mexico and Nicaragua during the 1980s, while the United States supported the right wing governments of El Salvador and Guatemala in civil wars during the 1980s. U.S.- Mexican underwent a similar, though less profound shift within the 1970s as well.. Second, these countries have also varied in their importance, from the perspective of the United States: Mexico became very important during the 1970s when new-found Mexican oil reserves became extremely appealing during the U.S.