|From the Desk Of - April 3|
At yesterday’s North American Leader’s Summit, President Barack Obama hosted Prime Minister Stephen Harper of Canada and President Felipe Calderón of Mexico. While the talks focused on economic growth, energy and security, there is little reason to believe that, with the U.S. President facing a tough fall campaign and President Calderón term limited, yesterday’s rhetoric will be matched by substantive action.
Both in the U.S. and Mexico the presidential election season is clearly underway. Here in Mexico, current polls and punditry point to the return of the PRI to Los Pinos. For a solid assessment of the current political situation, you might find the following report from the Latin America Research team at J.P. Morgan of value.
So, while there’s little hope of much progress in terms of political or economic reform in Mexico between now and the July presidential election, the positive news is that projections by the Economist Intelligence Unit suggest Mexico’s GDP will grow by 3.4 percent in 2012.
In the U.S., my own perspective on the security situation in Mexico was published in a number of major newspapers, including the Houston Chronicle. The issues of security and drug cartels that remain a central focus of the campaigns in Mexico are under increasing scrutiny in the United States and, as you might imagine, will be a large part of the legacy of President Calderon.
On another note, Global Trade Review recently listed six White & Case transactions among the "best deals in 2011." The projects span work in trade, export and commodity finance markets and, further affirm – for me – the stellar team that White & Case has both here in Mexico and around the world.
And, lastly, no matter how much we try to avert communications challenges, crisis situations can hit even the best of organizations. I thought you might appreciate the perspective of two of my colleagues at Vianovo who offer up the following checklist.