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Mexico enters 2014 with the wind at its back. The new administration has achieved a slate of critical reforms—energy, education, telecom, banking, and fiscal, among others—leading Standard & Poor’s to lift Mexico’s credit rating. This year, the president has promised agrarian and health reforms. The Mexican peso is expected to have the biggest advance among major currencies in 2014. Last year, Mexican companies sold a record $12.3 billion of shares, the second year in a row the record has been bested. Internationally, 2013 saw Mexico consolidate its global and regional leadership through blocs such as the Pacific Alliance and the Trans-Pacific Partnership. With GDP growth of only 1.3 percent in 2013, Mexico looks for more growth in 2014, given a construction sector in recovery, increased demand from the United States, and public expenditures that will increase by more than 30 percent. Politically, the Party of the Democratic Revolution and the National Action Party will each vote to elect a party president. What will 2014 hold for Mexico? What will the security situation look like? What will be the final shape of the reforms? With NAFTA celebrating its twentieth anniversary, will there be a repositioning of the agreement? How will investors see Mexico?
Americas Society/Council of the Americas hosted a panel of Mexico experts with experience in the private and public sectors and academia to discuss the political and economic outlook for Mexico in 2014.
- Gustavo Flores-Macias, Professor of Government, Cornell University
- Gerardo Rodriguez, Managing Director, Blackrock
- Lisa Schineller, Managing Director, Latin American Sovereign Ratings, Standard & Poor’s
- Jose Enrique Arrioja, Editor-At-Large, Latin America, Bloomberg News (Moderator)
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Assistant Professor of Government, Cornell University
Gustavo Flores-Macías is assistant professor of Government at Cornell University. He received a PhD in comparative government from Georgetown University and a master’s in public policy from Duke University, where he was a Fulbright scholar. His research focuses mainly on the politics of economic reforms in the developing world, with an emphasis on Latin America. His book, After Neoliberalism?
Lisa M. Schineller
Economist and Managing Director, Latin American Sovereign Ratings, Standard & Poor’s
Lisa M. Schineller is a managing director in the Sovereign Ratings Department and Economist for Latin America at Standard & Poor’s. She is responsible for sovereign analysis in the Latin American Group and is the primary analyst for Mexico and other credits in the region. In her role as economist, she formulates S&P’s economic forecasts and publications for the Latin America region. Schineller was also an adjunct associate professor at Columbia University’s School of International and Public Affairs from 2006 to 2009.