Shannon K. O'Neil

Latin America's Moment

O'Neil analyzes developments in Latin America and U.S. relations in the region.

North American Competitiveness

by Shannon K. O'Neil
Truck of Mexican company Olympics crosses Puente Internacional Comercio Mundial while approaching border crossing into U.S., in Laredo (Stringer/Courtesy Reuters). Truck of Mexican company Olympics crosses Puente Internacional Comercio Mundial while approaching border crossing into U.S., in Laredo (Stringer/Courtesy Reuters).

Yesterday I attended a conference “Made in North America: Competitiveness, Supply Chain, and Transportation in the NAFTA Region,” which was part of World Trade Week’s events here in New York. From the interesting panels there emerged three main points, one positive and two less so. Read more »

Latin America’s Economic Outlook

by Shannon K. O'Neil
Source: The 2012 IMF Economic Outlook Report for the Western Hemisphere Source: The 2012 IMF Economic Outlook Report for the Western Hemisphere

The recent IMF economic outlook report entitled, “The Western Hemisphere: Rebuilding Strength and Flexibility,” is overall quite bullish on the region. Fueled by favorable commodity prices and plentiful international credit, it lauds (as much as the IMF does) the steady growth of the past decade. Perhaps as important for the IMF, many Latin American governments have used rising revenues in economically sound ways. The region as a whole has turned deficits to surpluses, and lowered debt to GDP levels by some 15 percent. Many countries invested in targeted social programs, helping reduce regional poverty levels from 44 percent in 2002 to 33 percent in 2008. Read more »

Changes in Mexican Migration

by Shannon K. O'Neil
A candidate for United States citizenship grips a small American flag during a naturalization ceremony celebrating Bill Of Rights Day in the Federal Hall National Memorial in New York (Lucas Jackson/Courtesy Reuters). A candidate for United States citizenship grips a small American flag during a naturalization ceremony celebrating Bill Of Rights Day in the Federal Hall National Memorial in New York (Lucas Jackson/Courtesy Reuters).

A recent Pew Hispanic Center report highlights the rather steep declines in the number of Mexicans coming to the United States, as well as the rising numbers leaving for Mexico. Taken together, they show that net migration from 2005 to 2010 reached zero—with inflows and outflows of some 1.4 million individuals (a rough average of 280,000 a year) cancelling each other out. This is a huge migratory shift, and one that reflects many things, including a weaker U.S. economy, a stronger Mexican economy, changing Mexican demographics, rising deportations, and enhanced border security. Read more »

Discussing Mexico’s and Brazil’s Economic Outlook

by Shannon K. O'Neil

This morning, I did an interview with Ken Prewitt and Tom Keene on Bloomberg Radio. Always lively hosts, we talked mostly about most about Mexico—its economic prospects, its security situation, and the changing immigration flows to the United States. We also touched on Brazil, and whether one should be bullish or bearish on its future. Read more »

U.S.-Mexico Relations Beyond the 2012 Elections

by Shannon K. O'Neil
James F. Hoge Jr., Robert A. Pastor, and Jorge Castañeda discuss the future of U.S.-Mexico relations (Don Pollard/CFR). James F. Hoge Jr., Robert A. Pastor, and Jorge Castañeda discuss the future of U.S.-Mexico relations (Don Pollard/CFR).

The Council on Foreign Relations held a half day symposium this past Tuesday entitled “U.S-Mexico Relations Beyond the 2012 Elections.” The first panel with Alejandro Hope, Eric Olson, and myself focused on U.S.-Mexico security cooperation. We started off discussing the recent drop in violence in the first quarter of the year, and then turned to how cooperation could and should continue (but shift) with the next U.S. and Mexican administrations, stressing the need to strengthen Mexico’s civilian law enforcement and criminal justice institutions. Read more »

Too Bearish on Brazil: Ruchir Sharma in Foreign Affairs

by Shannon K. O'Neil

The recent Foreign Affairs article “Bearish on Brazil” lays out a quite pessimistic view of Brazil. For the author, Ruchir Sharma, the Brazil fuss has risen and will largely fall with commodities. Brazil’s policies of high interest but low investment rates, as well as high taxes and a large welfare state, mean that its “commodity-driven surge will soon begin to wash away.” Read more »

State or Market Led? Brazil’s Struggle to Improve Infrastructure and IT

by Shannon K. O'Neil
Workers spread cement for a new bus lane projected to carry more passengers during the 2014 World Cup, in Belo Horizonte Workers spread cement for a new bus lane projected to carry more passengers during the 2014 World Cup, in Belo Horizonte (Washington Alves/Courtesy Reuters).

Yesterday I attended the annual Brazil Summit in New York, organized by the Brazilian-American Chamber of Commerce. What struck me in the presentations (reinforcing what I heard during my last two visits to Brazil), was the quite disparate views of Brazil today and the levers for growth tomorrow. Read more »

Guest Post: Colombia’s Displaced

by Guest Blogger for Shannon K. O'Neil
Group of internally displaced Colombians protest at the entrance of AG headquarters in Bogota (Jose Gomez/Courtesy Reuters). Group of internally displaced Colombians protest at the entrance of AG headquarters in Bogota (Jose Gomez/Courtesy Reuters).

This is a guest post by Stephanie Leutert, a research associate here at the Council on Foreign Relations who works with me in the Latin America program.

The best known Colombian security story is that of declining violence. Indeed its homicide rate dropped from near 80 homicides per 100,000 in 1990 to 32 per 100,000 in 2010 lower than its eastern neighbor Venezuela, or the notoriously violent Central American countries to the north. In fact, Colombian police now share best practices and security advice with their Honduran and El Salvadoran counterparts, and are training twelve thousand Mexican officers. Read more »

Can 80 Percent of Mexicans be Poor? The Debate over Poverty

by Shannon K. O'Neil
Apartment buildings stand behind a low-income neighborhood in Mexico City Apartment buildings stand behind a low-income neighborhood in Mexico City (Edgard Garrido/Courtesy Reuters).

A recent study highlighted in La Jornada, a Mexican newspaper, claims that some ninety million Mexicans are poor, roughly 80 percent of the total population. This contrasts drastically with calculations by the OECD (which put the poor closer to twenty-three million) or those by Mexican researchers Luis de la Calle and Luis Rubio (who estimate that 25 percent of Mexicans—approximately twenty-nine million—are poor). Read more »

Why the Summit of the Americas Matters

by Shannon K. O'Neil
Colombian policemen stand in front of the Centro de Convenciones in Cartagena Colombian policemen stand in front of the Centro de Convenciones in Cartagena (Jose Gomez/Courtesy Reuters).

The sixth Summit of the Americas on April 14-15 is part of an intense spring of bilateral and regional interactions in the hemisphere. It will bring together thirty-three heads of state from nearly every member of the Organization of American States (OAS) in Cartegena, Colombia, to discuss regional issues ranging from expanding economic ties to turning back a surge in criminal activity. Read more »

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