Venezuelan President Nicolás Maduro appears to be a month away from destroying all remnants of what was once one of Latin America's most stable democracies.
The dramatic deterioration in state finances during the Great Recession raised concerns regarding government’s ability to support community health and education. In this study published in the National Tax Journal, the authors find that state revenue declines lead to short and long terms cuts in children’s Medicaid benefits, and declines in elderly Medicaid enrollment, and that larger cuts (nominal and proportional) in education spending versus Medicaid occurred.
On March 28, 2017, Energy Dialogues organized an event co-hosted with Shell at the Shell Woodcreek Campus in west Houston in which participants from across the oil and gas sector engaged in discussions that centered on three themes: economy, environment, and coalition-building. This report summarizes the day's discussions.
Mexico is gradually laying the foundation for an oil and gas sector where private—along with some state-owned—international companies are taking central stage. However, authorities should not ignore the necessity of developing a domestic oil and gas sector, writes Adrian Duhalt in a post for the Baker Institute blog.
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.
Social media is becoming more and more a part of the daily political process. From a political science perspective, the ability to capture the ideology of elites and citizens using a common platform greatly helps in answering a very important question: which party’s ideological position is closest to that of its supporters, on a left-right ideology scale? Research scholar Abdullah Aydogan analyzes the tweets of four major Turkish political parties to answer this question in a post for the Baker Institute Blog.
