Word: naftas
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...Monterrey may be getting less competitive, as is Mexico itself. The country needs tax enforcement, regulatory reform, a deregulated oil industry and agricultural reform--in the U.S. also--if it is to maximize the potential that NAFTA offers. If not, the U.S. can expect an even larger flood of new arrivals, to whom a fence installed by Congress may as well be made of cardboard...
...from imitating its business culture. (The Dallas Cowboys count about 1,400 Monterrey fans as season-ticket holders.) They also bulked up on Mexico's earlier import-substitution policies, which positioned them well for the challenges and opportunities when the North American Free Trade Agreement (NAFTA) came into force in January 1994. The lion's share of $200 billion of foreign investment that has rolled in since then--two-thirds from the U.S.--went to the north, both to maquiladora assembly operations in border towns and to Monterrey and nearby Saltillo, also known as Little Detroit for the sizable auto...
Grupo Industrial Saltillo, with eight business units, shows the link and how NAFTA's market access is accelerating this corporation's global evolution. More than half its roughly $1 billion in sales last year went to the U.S., Canada, Japan and Australia, and 84% was auto parts. That will expand when a $136 million engine factory, a joint venture with Caterpillar, opens next year. Saltillo's building-products division, on the other hand, is 90% dependent on the domestic market. Within five years, this proportion is projected to be evenly split between domestic and foreign sales, a feat that...
...from New Orleans, Perry was touted as a possible vice presidential material for 2008 and jumped in the polls (to 52% approval). But this summer, his ratings sank over a variety of issues, ranging from school finance (a perennial problem in Texas) to his vision of toll roads speeding NAFTA goodies through the border. The realization that a changing Texas faces a new set of problems - working-class people struggling to make ends meet, health care costs rising, tuition up 40% at the University of Texas - has hurt the governor, according to Jillson. "Republicans will still rise to the defense...
...opposition to the Patriot Act, the Bush tax cuts and some measures the G.O.P. has pushed to stop illegal immigration, such as the immigration bill the House passed last year that didn't have a guest worker program. Brown is attacking DeWine for supporting trade agreements like NAFTA that he says have cost jobs in Ohio, backing President Bush on the war and not doing enough to hold down the cost of prescription drugs. Brown has long been a critic of these trade deals, which more moderate Democrats such as President Clinton have in the past supported...