Oct. 21, Dean Stansel, an economist at the O’Neil Center for Global Markets and Freedom at SMU Dallas, on how Mexico’s anti-grown policies could impact Texans. Published in the Dallas Morning News: http://bit.ly/35RFTLF
The Texas and Mexico economies are inextricably linked. As my colleagues Michael Cox and Rick Alm found, Texas and Mexico trade more with each other than with any other country or state. So, when Mexico implements anti-growth policies, Texans should be concerned.
Facing a lagging economy, Mexico’s new populist President Andrés Manuel López Obrador unveiled a ten-point plan to reactivate growth and industrial output and “generate a climate friendly to business that inspires certainty.” His administration has also reassured investors that he is committed to “respect rights to property as inherent human rights.”
That all sounds good, but the Mexican people already suffer from one of the worst legal systems and one of the weakest protections of private property rights in the world. According to the 2019 Economic Freedom of the World Report, Mexico ranks 122nd out of 162 countries for its “legal system and property rights”. . .