While Donald Trump spent his first week as president of the United States rapidly upending ties with Mexico, undermining major free trade deals, and flaunting his protectionist ambitions, outgoing French President Francois Hollande visited Latin America, where he signed a host of bilateral agreements with Chile and Colombia. In Chile on Sunday, he warned against creeping protectionism, which he called the “worst response” that “impedes trade, hinders growth and even affects employment, including in countries that advocate for it and implement it.” The comment was an indirect jab at Trump and other populists on the rise, not least Marine Le […]
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Editor’s note: This article is part of an ongoing WPR series on income inequality and poverty reduction in various countries around the world. Mexico has one of the highest rates of inequality among developed countries, according to the Organization for Economic Cooperation and Development, with the richest 1 percent of the population owning almost half of the country’s wealth. In an email interview, Patricio Solís, a sociology professor at el Colegio de Mexico, discusses poverty reduction and income inequality in Mexico. WPR: What is the rate of income inequality in Mexico, what are the latest trends in terms of widening […]
A perfect storm is gathering in Mexico as the dawn of Donald Trump’s presidency north of the border coincides with domestic upheaval. While Trump’s threats on trade, immigration and border security have received the most attention, Mexico’s deeply unpopular president, Enrique Pena Nieto, also faces social unrest and a potential recession ahead of a presidential election in 2018—one in which, much as in the U.S., a populist underdog will look to capitalize on public anger. Since Jan. 1, headlines from Mexico have been dominated not by Trump, but by the so-called “gasolinazo,” a controversial yet inevitable decision by the Pena […]