Shannon K. O'Neil

Latin America's Moment

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

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Showing posts for "United States"

Argentina Defaults

by Shannon K. O'Neil
A woman walks past a graffiti that reads "No to the debt payment" in Buenos Aires, July 28, 2014. Time is running out for Argentina to pay "holdout" investors
suing Latin America's No. 3 economy for full payment on their bonds, or reach a deal that buys more time to avert a default (Marcos Brindicci/Courtesy Reuters). A woman walks past a graffiti that reads "No to the debt payment" in Buenos Aires, July 28, 2014. Time is running out for Argentina to pay "holdout" investors suing Latin America's No. 3 economy for full payment on their bonds, or reach a deal that buys more time to avert a default (Marcos Brindicci/Courtesy Reuters).

Two days ago, Argentina failed to come to an agreement with its holdout creditors and defaulted for the second time in thirteen years. In this piece for Foreign Policy, I explain why this outcome is not so surprising. You can read the beginning of the piece below:  Read more »

Dos Naciones Indivisibles on Es la Hora de Opinar

by Shannon K. O'Neil
Es la Hora de Opinar. Es la Hora de Opinar.

Two weeks ago, I was down in Mexico for the launch of the Spanish-language version of my book, Dos Naciones Indivisibles: México, Estados Unidos, y el Camino por Venir. During my time there, I had the pleasure of talking with Leo Zuckermann and Javier Tello on FOROtv’s Es la Hora de Opinar. We had a lively conversation on Mexico and US-Mexico relations. You can watch it here. Read more »

Mexico as a Global Player

by Shannon K. O'Neil
Foreign Affairs Conference (Don Pollard). Foreign Affairs Conference (Don Pollard).

Last week, Foreign Affairs hosted a full day conference on Mexico, to talk about the country as a regional and global player. Panel topics included U.S.-Mexico cooperation, bilateral trade, regional immigration, and Mexico’s social inclusion and education system. You can find the full agenda here. Read more »

Two Decades of U.S.-Mexico Relations

by Shannon K. O'Neil

I had the great privilege of joining Eric Farnsworth, Vice President of the Council of the Americas and Americas Society, and Nelson Cunningham, President of McLarty Associates, yesterday at NDN for a wide-ranging talk on U.S.-Mexico relations. In our hour-long chat, we cover the last two decades of regional integration under the North American Free Trade Agreement (NAFTA) and offer our thoughts on what the next two decades could and should look like. You can watch it here or below. Read more »

Good Neighbors

by Shannon K. O'Neil
U.S. President Barack Obama addresses a joint news conference with Canada's Prime Minister Stephen Harper and Mexico's President Felipe Calderon in the White House Rose Garden in Washington, April 2, 2012 (Larry Downing/Courtesy Reuters). U.S. President Barack Obama addresses a joint news conference with Canada's Prime Minister Stephen Harper and Mexico's President Felipe Calderon in the White House Rose Garden in Washington, April 2, 2012 (Larry Downing/Courtesy Reuters).

President Obama will meet tomorrow with Mexican President Enrique Peña Nieto and Canadian Prime Minister Steven Harper for the North American Leaders’ Summit. The three leaders will take a look back on the last twenty years of regional integration, but even more importantly, they will have an opportunity to set the course for the next two decades. In this piece for Foreign Policy, I explain why working trilaterally for a North American future is more important now than ever before for the United States. Read more »

Guest Post: U.S. Students are Heading to Latin America, Just Not to Mexico

by Guest Blogger for Shannon K. O'Neil
A boy walks past a mural depicting a child shooting an RPG loaded with school supplies in Ciudad Juarez February 10, 2012 (Stringer/Courtesy Reuters). A boy walks past a mural depicting a child shooting an RPG loaded with school supplies in Ciudad Juarez February 10, 2012 (Stringer/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 Studies program.

Secretary John Kerry and Vice President Joe Biden recently announced the new State Department directed 100,000 Strong in the Americas Innovation Fund. It ambitiously aims to have 100,000 U.S. students in Latin America and 100,000 Latin American students in the United States by 2020. This initiative builds on the increasing interest in the region; during the 2011-2012 school year over 44,000 U.S. students headed south. Still these growing numbers hide the changing geographic interests, including the increasing popularity of Brazil and Costa Rica and the steep declines in semesters abroad in Mexico. Read more »

North America’s Economic Integration

by Shannon K. O'Neil
General Motors auto workers load the new Chevrolet Camaro for delivery, at the company's Oshawa Ontario facility, April 8, 2009 (Fred Thornhill/Courtesy Reuters). General Motors auto workers load the new Chevrolet Camaro for delivery, at the company's Oshawa Ontario facility, April 8, 2009 (Fred Thornhill/Courtesy Reuters).

Alan Berube and Joseph Parilla at the Brookings Institution recently published a report on the impressive amount of North American regional trade (with a great interactive that traces exports and imports across the continent). U.S. cities send and receive over $500 billion in goods from Mexican and Canadian cities—out of a total $1.1 trillion in intra-regional trade in 2012. The vast majority (some 69 percent) of this trade is in advanced industries (aerospace, automotive, electronics, machinery, pharmaceuticals, and precision instruments), an economic bright spot in the recovering U.S. economy. Here is a quick look at just how vital the United States’ regional trading ties are for its economic strength and competitiveness. Read more »

U.S. Passes the Transboundary Hydrocarbon Agreement with Mexico

by Shannon K. O'Neil
The "Lolair" drilling platform from state oil monopoly Petroleos Mexicanos (PEMEX) is seen off the port of Veracruz, Mexico June 7, 2012 (Stringer/Courtesy Reuters). The "Lolair" drilling platform from state oil monopoly Petroleos Mexicanos (PEMEX) is seen off the port of Veracruz, Mexico June 7, 2012 (Stringer/Courtesy Reuters).

Tacked onto the bipartisan budget, the U.S. Congress passed the long-awaited Transboundary Hydrocarbon Agreement with Mexico. Signed in 2012 by then Secretary of State Hillary Clinton and Foreign Minister Patricia Espinosa, it lays the groundwork for U.S. and Mexican cooperation across some 1.5 million acres of shared oil and natural gas resources in the Gulf of Mexico. The agreement creates guidelines for determining the scope of the deep-water fields and how companies acting on behalf of each country can work together to access these reserves, and creates mechanisms for dispute resolution and for safety and environmental protection. Read more »

Many Stories, One Juárez

by Shannon K. O'Neil
People release white doves after a religious service celebrated in Ciudad Juárez, January 30, 2011 (Stringer/Courtesy Reuters). People release white doves after a religious service celebrated in Ciudad Juárez, January 30, 2011 (Stringer/Courtesy Reuters).

I had the great honor of participating in a fundraiser in El Paso last week—organized by the Somos Fund—to support after school programs and scholarships for kids affected by violence in Ciudad Juárez. It has now been almost four years since the Villas de Salvárcar massacre, where gunmen burst into a birthday party and gunned down fifteen young people in what was a case of horrifying mistaken identity. Since then, the families have channeled their grief into improving Ciudad Juárez for the many youths still living there, and the funds raised at the event will go toward supporting their work. (You can also donate here by typing Somos Fund under the project name). Read more »