Mexico Archive

The global, rules-based trading system that the United States helped to create after World War II is in deep trouble. President Donald Trump had already spent the past three years sparking trade wars and undermining the World Trade Organization. Then, the COVID-19 pandemic struck, hammering economies and sharply reducing trade flows worldwide. Panicked governments, including in Washington, have imposed export restrictions on critical medical supplies and, in some cases, food. To make things even worse, the White House has blocked the normal process for settling trade disputes, just when it is needed most. Because of the concerns about hosting large […]

Some of Latin America’s most serious challenges—violent crime, drug trafficking, economic inequality and public corruption—all have one thing in common: money laundering. In Mexico alone, the government’s Financial Intelligence Unit reported that drug cartels and other illicit actors laundered an estimated $50 billion in 2019— crucial revenue for cartels that has also contributed to Mexico’s record-high homicide rate in recent years. Money laundering has helped Brazilian gangs like the Primeiro Comando da Capital, or First Capital Command, expand their criminal networks into neighboring Paraguay and Bolivia. In Venezuela, it has enabled a dramatic theft of public resources by officials tied […]