Research Library

The energy reform in Mexico has implemented far-reaching changes in the political, economic, and legal spheres of the country. Any process whereby an industry is opened to private investment investment gives rise to the possibility of disputes that need to be settled within an environment of legal certainty. International arbitration in general, and investment arbitration in particular, are tools that serve both the investor and the state to properly resolve disputes that arise in the energy sector. However, the author argues that a balance must be sought between the legitimate interests and expectations of an investor and the public policy interests of the state, particularly whenever a sector as significant as energy is concerned.

The landscape is changing for foreign direct investment in Latin America. Investments flow not only from north to south, but also from south to south and south to north. What's more, relatively small firms in developing countries are becoming as likely as multinationals to invest abroad.

To gain public support for Mexico’s energy reforms, the government promised a future of low gas prices. The author documents the fallout when gas prices instead shot up 20 percent. 

NAFTA has neither been the enormous success that its supporters believe, nor the disaster that its detractors claim. Renegotiating NAFTA — or even threatening to repeal it — is not a high-stakes proposition. The treaty simply does not possess the leverage to deliver a major boost or setback to the U.S. manufacturing sector. 

The extent of fuel theft from pipelines in Mexico is now so great that it is becoming a serious financial burden for state-owned petroleum company Pemex and, more broadly, may pose a challenge to the implementation of policies designed to liberalize Mexico's gasoline market, writes postdoctoral fellow Adrian Duhalt.

Larger trucks and SUVs with powerful, high-displacement engines are the low-hanging fruit for any policymaker seeking the most efficient path to reducing gasoline use and the associated emissions.

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“If I were to pick a single indicator—economic…

In testimony before the U.S. House Budget Committee, public finance fellow John Diamond outlines steps to reduce projected federal expenditures and reform the U.S. tax system to maximize economic growth.

Recent academic research has shown that startup training institutions can greatly increase the number of startup firms receiving seed and early-stage venture capital for the first time. In this paper, the authors examine the startup training institutions in Houston, and what they are doing to open up the city’s pipeline of startups.

Bonner Means Baker Fellow Joe Barnes analyzes how President Trump’s criticism of NATO members and the Paris accord on climate change during summits in Brussels and Taormina might affect U.S.-European relations. Baker Institute Blog: http://bit.ly/2qxrxyU.