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Wednesday February 10, 2010

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Event Summary

Traditionally, according to economists, when the U.S. economy catches a cold, the Mexican economy catches pneumonia. As the U.S. economy continues to contract, Mexico’s is deteriorating further, possibly leading to a potentially deep and protracted recession for Mexico. What can the U.S. and Mexican governments do to avert further economic erosion?

The Scouting Report

Event Information

When

Wednesday, March 11, 2009
12:30 PM to 01:30 PM

Where

Online
The Brookings Institution
1775 Massachusetts Ave., NW
Washington, DC
Map

Event Materials


Contact: Brookings Office of Communications

E-mail: events@brookings.edu

Phone: 202.797.6105

Brookings expert Leonardo Martinez-Diaz and Senior Politico Editor Fred Barbash examined the problems plaguing the Mexican economy and potential policy solutions in an online chat.
 

Transcript

12:31 [Comment From Laurie, Washington, DC] What links the Mexican economy so closely to ours? Is it their reliance on the U.S. as an export market?

12:32 Leonardo Martinez-Diaz: Trade is a major link. Some 85% of Mexican exports go to the United States. However, there are other important links. Mexican workers living in the U.S. send some $20 billion back to Mexico every year. Mexico also receives about half of its foreign direct investment from U.S. investors. And finally, the US and Mexican financial systems are linked closely.

Participants

Panel

Fred Barbash

Senior Editor
Politico

Leonardo Martinez-Diaz

Political Economy Fellow, Global Economy and Development


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