Contributions from Carin Zissis
As violence related to organized crime takes its toll in Mexico, the debate deepens over hemispheric drug policy. Proposals on the table range from stepped-up security cooperation to drug decriminalization. Meanwhile, Washington announced widespread arrests of suspects linked to Mexican cartels.
From the impact of the global financial downturn to an upswing in violent crime, Mexico feels the pain. But with strong economic fundamentals in place, its economy is more resistant to contagion than in the past.
A drought gripping the Southern Cone, particularly Argentina, harmed grain output in 2008 and threatens production this year. It remains to be seen whether recent rains can reverse the damage done.