Mexico Matters

In this episode, Mariana speaks with Alan Stoga, Chairman of the Tallberg Foundation and Host of the New Thinking for a New World podcast, about the importance of the U.S. elections, the state of U.S. politics and about the difference in trade, migration and economic policies of the two candidates. They also discuss the impact of the different policies could have in Mexico and the space Mexico’s new President, Claudia Sheinbaum, will have to navigate under each of the two candidates.

In this episode, Mariana speaks with Carlos Peyrelongue, head of Mexico Equity Research for Bank of America, about the state of the country that President Claudia Sheinbaum has inherited from her predecessor, about the parting gift he left—a judicial reform that weakens certainty and the rule of law, and about how the markets will read certain markers to determine whether or not she will rule based on data or ideology. They also discuss the measures she will need to take in order to create the necessary conditions to attract investments to grow, to fund the country’s infrastructure needs, as well as the government’s growing spending commitments. And, about the most likely scenarios for U.S.-Mexico relations in light of the upcoming USMCA renegotiation.

In this episode, Mariana speaks with Alejandra Palacios, former head of Mexico’s antitrust agency, COFECE, and Andrea Durkin, VP for international policy at the National Association of Manufacturers (NAM), about the controversial constitutional judicial reform passed by Mexico's Congress, which makes Mexico the only country in the world where the entire judicial branch, including the Supreme Court, stands for election. They also discuss the government’s proposal to incorporate various regulatory agencies into the federal government, a move that could undermine their independence and increase presidential power, enabling the removal of competition and the selection of winners and losers. They emphasize the importance of how the new President, Claudia Sheinbaum, will write and implement the secondary laws and regulations, as these could—if done correctly—add the necessary certainty for investors and even allow Mexico to meet its international trade commitments.

On this episode, Mariana speaks with General David Petraeus, former CIA Director, Retired Army General, Partner of KKR and Chairman of the KKR Global Institute, about the major and minor challenges occurring around the world that require the attention of the United States while, at the same time, the US needs to focus on strengthening its own competitive profile to compete against China. They also discuss how some of these global trends (nearshoring and frienshoring) have the potential to benefit Mexico if—and only if—Mexico works to create the necessary conditions to attract investment. This will include curbing the power of the criminal empires who control one-third of the territory and are damaging the attractiveness of Mexico and impacting the security of North America.

In this episode, Mariana speaks with Kenneth Smith Ramos, former Chief Negotiator of USMCA from the Mexican side and partner of AGON, about how the Constitutional Reforms proposed by President Lopez Obrador might weaken Mexico’s judiciary and in doing so, impact the key principles of USMCA and other trade agreements such as impartiality, transparency, and nondiscriminatory practices. They also discuss measures North America could take to defend itself against predatory practices and the facts behind recent Chinese investments in Mexico. And, they speak about the upcoming 2026 mandatory review of USMCA and the negative implications of opening a full renegotiation.

In this crossover with It's More Than Grit: The Making of an Entrepreneur, a new podcast from CSIS, Linda Rottenberg, Co-founder and CEO of Endeavor, joins Mariana Campero and co-host Andrew Schwartz for a discussion on Linda’s journey to Endeavor. She highlights the qualities of a good entrepreneur and the regions she is most optimistic about. As a leader of the global entrepreneurship movement, Linda also shares advice for aspiring entrepreneurs. Linda Rottenberg is one of the world’s premier voices on global entrepreneurship, technology, and business transformation. As Co-founder and CEO of Endeavor, Linda helms the leading global community of, by, and for entrepreneurs. Endeavor selects, supports, and invests in founders across 40 countries. Linda also serves as President of Endeavor Catalyst, the rules-based investment arm of Endeavor, with $500M in AUM. Subscribe to It's More Than Grit: The Making of an Entrepreneur Spotify: https://open.spotify.com/show/2DiwZ8p2MwP7yNQ3l6fx0P Apple: https://podcasts.apple.com/us/podcast/its-more-than-grit/id1742055565 Pandora: https://www.pandora.com/podcast/its-more-than-grit/PC:1001087050 YouTube: https://www.youtube.com/playlist?list=PLnArnDQHeUqfblHccyubresfY7xwH2lzr

In this episode, Mariana speaks with Carlos Elizondo Mayer-Serra, a political science expert from Monterrey Tec, about Claudia Sheinbaum’s landslide victory in the Mexican elections and explains why the financial markets negatively reacted to such a victory. They also discuss the Constitutional changes that President Lopez Obrador and his Morena party might try to pass now that they have the necessary votes, and the potential impact of those reforms on Claudia’s presidency. They stress the various dilemmas Claudia will face while squaring the circle of achieving greater economic growth vs. greater power concentration.

In this episode, Mariana speaks with Juan Carlos Baker, former USMCA negotiator on the Mexican side and CEO of Ansley International Consultants, about the facts behind the recent Chinese investment announcements in Mexico, about what prompted Mexico to increase tariffs on more than 500 Chinese goods, and what Mexico, the U.S. and Canada should be doing now to prepare for the upcoming 2026 review of USMCA.

In this episode, Mariana is joined by Luis de la Calle, an international economist, former NAFTA negotiator and CEO of CMM; and Martin Castellanos, head of Latam research at the IIF. They discuss the potential economic and policy implications of the June 2nd presidential elections and describe the optimism vis-a-vis Mexico among the investor community. They dive into the economic realities that exist today to determine whether that optimism is justified or not. They also discuss future risks and analyze the various policy consequences of the upcoming elections. They describe two potential scenarios: a victory by Claudia Sheinbaum with and without the necessary majority in Congress to change the Constitution. They also discuss the tailwinds that the nearshoring wave could bring for Mexico, and the country's shortcomings that limit it from taking full advantage of the opportunity. And finally, the implications for Mexico if it allowed China to use it as a back door to the United States.

In this episode, Mariana speaks with Tamanna and Travis Bembenek, owners of the Mexico News Daily about the other side of the migration coin: the millions of Americans (and other nationalities) migrating to Mexico to live, work, or start a business and the impact they are having in the local communities. They discuss the challenges and opportunities of starting a new business in Mexico, the importance for the Mexican government to expedite work visas to allow for the technology ecosystem to grow, and the challenges/opportunities they see as business owners. They also talk about how journalism is a dangerous business in Mexico and how they avoid falling into dangerous territory.

In this episode, Mariana speaks with Andrew Selee, President of the Migration Policy Institute and Carlos Heredia Associate Professor at CIDE about the facts and the politics in both the U.S. and Mexico behind the surge in immigration flows. They dive deep into the facts to understand what is attracting so many people—not only from Mexico or Central America but also from China, India, Africa, and the Middle East—to risk their lives (and a lot of money) to cross the border illegally. They also speak about the impact that immigration is having on the Mexican side of the border, they discuss what the current bipartisan Senate immigration bill would achieve, if it ever became law, and how to improve the current asylum system which is being abused. They analyze what the United States could do to improve border security, how governments are using migrants for political gain, and how President Lopez Obrador from Mexico is gaming the system.

In this episode, Mariana speaks with David Velez, co-founder and CEO of Nubank about how Nubank evolved from an initiative to kill fat fees and poor service in Brazil into the largest digital bank in the world. They also discuss how Fintech is shaking the financial sector in Latin America not only by boosting competition but also by bringing new technologies and services to millions that had previously been ignored. They dive into the pros and cons of Mexico’s Fintech ecosystem and what it will take for Mexico to jump into the global bandwagon of a digital payments system. They also speak about Nu’s regional strategy, their debut on Wall Street, the opportunity in Latin America, and the necessary qualities for an entrepreneur to succeed in the region.

In this episode, Mariana speaks with Martín Escobari, Head of Global Growth Equity, Co-President, Managing Director, Head of Latin America and Chairman of General Atlantic's Investment Committee, and Luis Cervantes, Managing Director and Head of GA's Mexico City Office. They discuss the factors that have contributed to the emergence of an important entrepreneurial ecosystem in Latin America and define what barriers are still hindering its future potential. They compare the Latin American environment with that of other emerging markets and explain how entrepreneurs are adapting to a world of higher interest rates. They also converse about the industries that are being transformed such as fintech, e-commerce, healthcare, and security, among others; and how the start ups are increasing competition and improving the lives of millions. Finally, they explain the transformational nature of AI and how all companies are experimenting with it.

In this episode, Mariana speaks with Tania Ortiz Mena, President of Sempra Infrastructure, about Mexico’s large and diversified base of energy sources—ranging from oil, gas, solar, wind, and hydro—and what would it take for Mexico not only to satisfy growing demand but also to take full advantage of its potential. They also speak about the current state of Mexico’s electricity and gas infrastructure, about the important bottlenecks that exists today, and about the need for the government to focus its investments in transmission lines. They also emphasize the billions of dollars in investments that could materialize if the government were to work closely with the private sector to achieve energy transition.

In this episode, Mariana speaks with Larry Fink, Chairman and CEO of BlackRock, and Evan Greenberg, Chairman and CEO of Chubb. They delve into the ways North America stands to benefit from current global tensions. They also discuss the notions of globalization and regionalization, and what Mexico needs to do enhance its global competitiveness, attract greater investments, and achieve its full potential. Larry and Evan also share their optimism for the region and discuss how the negative headlines we see about Mexico do not tell the full story about what is happening in the country.

In this episode, Mariana speaks with Dr. Luis Rubio, former Chairman of the Mexican Council on Foreign Relations and Chair of Mexico Evalua, about his most recent book titled On Your Marks. They discuss why the upcoming Presidential election will define the trajectory of Mexico in the near future, and whether Mexico will be able to create the necessary conditions to leverage the nearshoring wave. They also discuss various scenarios that could unfold between now and the June 2024 elections, as well as the economic and political conditions under which the next President will have to govern. Additionally, they explore the likelihood of a crisis and how the rhetoric of the U.S. Presidential election might impact the outcome of the Mexican election.

In this episode, Mariana speaks with Ken Smith, the former head negotiator from the Mexico side of the USMCA agreement and with Scott Miller co-host of The Trade Guys, a CSIS podcast specializing in trade policies.  They talk about the good, the bad and the ugly of USMCA as it approaches its third year anniversary, and how it differs from the former NAFTA. They also discuss the importance of USMCA’s dispute settlement mechanism and why the U.S.government hasn’t called Mexico to a panel regarding bio corn and the country’s nationalistic energy policies. They also speak about the potential damage caused by the U.S. for not abiding by the rulings of the panel over its interpretation of the rules of origin in the auto sector, and about what needs to be done to strengthen the rules that underpin trade and investment in North America.

In this episode, Mariana speaks with David Miliband, President and CEO of the International Rescue Committee (IRC) and former U.K. Secretary of State for Foreign Affairs, and Julio Rank Wright, Regional VP for Latin America at IRC. They discuss why the images of chaos and desperation seen at the US-Mexico border are just the tip of an international trend as millions of people—from around the world—are on the move due to civil wars, climate disasters, or some type persecution. They explain the difference between a refugee, an asylum seeker, and an economic migrant and clarify the necessary criteria to grant asylum or not. They also speak about the new asylum policies of the Biden Administration and what is needed to avoid people from falling into the hands of smugglers and traffickers.

In this episode, Mariana speaks with Vanda Felbab-Brown, a Brookings scholar of crime, conflict, and non-traditional security threats, and Guillermo Valdes, former head of Mexico’s Center for Investigation and National Security, CISEN. They discuss the evolution of Mexico’s cartels, the failure of the Mexican government to curtail their growth, and how they have diversified into other illegal and legal businesses. They also speak about how the lack of cooperation between the U.S. and Mexico—and the U.S. and China—is making it impossible to dismantle the Fentanyl supply chains and how Chinese and Mexican drug and wildlife trafficking activities are colliding, threatening various species and Mexico’s biodiversity.

In this episode, Mariana speaks with Alejandra Palacios, former head of Mexico’s Economic Competition Commission, COFECE, and Luis Gutierrez, President for Latin America of Prologis, the world’s largest industrial real estate investment trust and the biggest owner of industrial parks in Mexico. They discuss why Mexico’s manufacturing sector is receiving record numbers of FDI, in what specific sectors could Mexico increase its share in U.S. manufacturing imports, and what is needed for industrial park supply to catch up with increased demand. They also speak about the main constraints that exist to allow Mexico to take full advantage of this moment and how despite the current unfriendly political environment, C-Suites from around the world are focusing on long term geopolitical trends and moving ahead with their plans to shift a piece of their manufacturing capacity down to Mexico.