Welcome!

News Feed Item

Opinion: Mexico's Economic Transformation Will Mean Change for Texas

Former U.S. Ambassador to Mexico Highlights Challenges, Opportunities Facing Texas in Light of Mexico's Economic, Government Reforms

AUSTIN, TX--(Marketwired - June 16, 2014) - Texas has worked for many years to cultivate greater private sector opportunity. And, we've gotten a lot of things right, as a look at the most recent report from the Dallas Federal Reserve makes clear. But, with the profound process of change now underway in Mexico, the competitive dynamics of our region, and very possibly of the global economy as a whole, will shift. That means it's imperative that Texans look beyond the good news of today and prepare for the challenges -- and opportunities -- of tomorrow.

Mexico's historic reforms, including the much talked about energy sector opening, will recast that country's economy. The bonds Mexico shares with Texas are sure to deepen and grow more complex, a fact that should compel state policymakers here to address issues that are important to our own economic vitality and competitiveness. 

Mexico is working to implement a host of reform measures, and there's a lot to do, from creating institutions, to developing complex regulations, to putting in place a myriad of new procedures and processes. Human capital development is also a high priority and will require collaboration across the country's public and private sectors.

Despite the challenges ahead, there is ample cause for optimism. Certainly the U.S. applauds Mexico's strong move to further liberalize its economy and introduce reforms that encourage business growth and job creation. Mexico's actions also reaffirm the values and partnership the country shares with its North American neighbors: respect for democracy and the rule of law; belief in economic and social justice and the power of a vibrant middle class; and, a staunch commitment to free trade and investment.

Based on twenty years of progress under NAFTA, most Texans recognize that Mexico's reforms will support and further develop the transnational supply chains that are making North American manufacturing more competitive in global markets. They also understand that the reforms will help integrate the region's energy markets and ensure they operate with the efficiency and certainty that can propel North America into position as the world's energy powerhouse.

Texas will be on the front lines of the changes its neighbor's reforms will bring to the region. The positive spillover effects of Mexico building its economic edge and moving further up the global value chain will be significant. And progress at the federal level on immigration and trade policy also will be hugely beneficial. 

Here in Texas, we also need to make headway in a number of key areas. In addition to addressing basic issues such as water and transportation, our leaders need to focus on creating an environment in which ideas and innovation flourish.

Making that happen will require that Texas leaders make education the state's number one priority. Texas' population boom and impending demographic sea change demand that we do more to ensure that all our residents are prepared to fully participate in and contribute to the state's economic progress. Mexico's reforms lend an even greater urgency to that need.

Our neighbor has powered its move up the manufacturing value chain by producing engineers and well-trained technical workers. The country's thriving automotive and aeronautics industries are proof of the success of its model. And just as Mexico has forged its path forward, Texas must move up to keep its economic synergies and complementarities with Mexico intact as well as to advance our own competitive position in the global economy.

The dynamic and knowledge-intensive economy Texas needs to maintain and nourish into the future will require significant and sustained investments in public education (K-12 as well as technical training and institutions of higher learning). A large portion of that investment must be directed toward universities, in particular Tier One institutions that conduct cutting-edge R&D and serve as engines of innovation as well as magnets for human talent.

Texas is engaged in a national, regional and global competition for innovation and competitive advantage. More than ever, economic progress and social advancement depend on education and research. Our leaders must act now to acknowledge this reality by making education the state's number one priority. Only by doing so will we be able to marry the very best of what's transpiring now in Mexico with the very best of what's possible in Texas. -- Antonio Garza, Former U.S. Ambassador to Mexico

Antonio Garza is a former U.S. Ambassador to Mexico. Ambassador Garza is Counsel in the Mexico City office of White & Case and Chairman of Vianovo Ventures. Online at www.tonygarza.com. Follow on Twitter @aogarza.

The following files are available for download:

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
SYS-CON Events announced today that StarNet Communications will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. StarNet Communications’ FastX is the industry first cloud-based remote X Windows emulator. Using standard Web browsers (FireFox, Chrome, Safari, etc.) users from around the world gain highly secure access to applications and data hosted on Linux-based servers in a central data center. ...
SYS-CON Events announced today that Hitrons Solutions will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Hitrons Solutions Inc. is distributor in the North American market for unique products and services of small and medium-size businesses, including cloud services and solutions, SEO marketing platforms, and mobile applications.
Pulzze Systems was happy to participate in such a premier event and thankful to be receiving the winning investment and global network support from G-Startup Worldwide. It is an exciting time for Pulzze to showcase the effectiveness of innovative technologies and enable them to make the world smarter and better. The reputable contest is held to identify promising startups around the globe that are assured to change the world through their innovative products and disruptive technologies. There w...
As the world moves toward more DevOps and Microservices, application deployment to the cloud ought to become a lot simpler. The Microservices architecture, which is the basis of many new age distributed systems such as OpenStack, NetFlix and so on, is at the heart of Cloud Foundry - a complete developer-oriented Platform as a Service (PaaS) that is IaaS agnostic and supports vCloud, OpenStack and AWS. Serverless computing is revolutionizing computing. In his session at 19th Cloud Expo, Raghav...
DevOps at Cloud Expo, taking place Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long dev...
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
Personalization has long been the holy grail of marketing. Simply stated, communicate the most relevant offer to the right person and you will increase sales. To achieve this, you must understand the individual. Consequently, digital marketers developed many ways to gather and leverage customer information to deliver targeted experiences. In his session at @ThingsExpo, Lou Casal, Founder and Principal Consultant at Practicala, discussed how the Internet of Things (IoT) has accelerated our abil...
With so much going on in this space you could be forgiven for thinking you were always working with yesterday’s technologies. So much change, so quickly. What do you do if you have to build a solution from the ground up that is expected to live in the field for at least 5-10 years? This is the challenge we faced when we looked to refresh our existing 10-year-old custom hardware stack to measure the fullness of trash cans and compactors.
Extreme Computing is the ability to leverage highly performant infrastructure and software to accelerate Big Data, machine learning, HPC, and Enterprise applications. High IOPS Storage, low-latency networks, in-memory databases, GPUs and other parallel accelerators are being used to achieve faster results and help businesses make better decisions. In his session at 18th Cloud Expo, Michael O'Neill, Strategic Business Development at NVIDIA, focused on some of the unique ways extreme computing is...
The emerging Internet of Everything creates tremendous new opportunities for customer engagement and business model innovation. However, enterprises must overcome a number of critical challenges to bring these new solutions to market. In his session at @ThingsExpo, Michael Martin, CTO/CIO at nfrastructure, outlined these key challenges and recommended approaches for overcoming them to achieve speed and agility in the design, development and implementation of Internet of Everything solutions wi...
Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is expected in the amount of information being processed, managed, analyzed, and acted upon by enterprise IT. This amazing is not part of some distant future - it is happening today. One report shows a 650% increase in enterprise data by 2020. Other estimates are even higher....
With over 720 million Internet users and 40–50% CAGR, the Chinese Cloud Computing market has been booming. When talking about cloud computing, what are the Chinese users of cloud thinking about? What is the most powerful force that can push them to make the buying decision? How to tap into them? In his session at 18th Cloud Expo, Yu Hao, CEO and co-founder of SpeedyCloud, answered these questions and discussed the results of SpeedyCloud’s survey.
SYS-CON Events announced today that Isomorphic Software will exhibit at DevOps Summit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Isomorphic Software provides the SmartClient HTML5/AJAX platform, the most advanced technology for building rich, cutting-edge enterprise web applications for desktop and mobile. SmartClient combines the productivity and performance of traditional desktop software with the simp...
Actian Corporation has announced the latest version of the Actian Vector in Hadoop (VectorH) database, generally available at the end of July. VectorH is based on the same query engine that powers Actian Vector, which recently doubled the TPC-H benchmark record for non-clustered systems at the 3000GB scale factor (see tpc.org/3323). The ability to easily ingest information from different data sources and rapidly develop queries to make better business decisions is becoming increasingly importan...
SYS-CON Events announced today that 910Telecom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Housed in the classic Denver Gas & Electric Building, 910 15th St., 910Telecom is a carrier-neutral telecom hotel located in the heart of Denver. Adjacent to CenturyLink, AT&T, and Denver Main, 910Telecom offers connectivity to all major carriers, Internet service providers, Internet backbones and ...