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This Selected Issues paper analyzes the impact of Mexico’s energy reform on hydrocarbons production. These reforms aim to increase oil and gas production by eliminating the state oil company’s (PEMEX) monopoly on exploration and production of hydrocarbons, while retaining the prime directive that these resources are the property of the Mexican nation. This paper focuses on the nature of reforms and what problems these reforms are addressing. It presents illustrative production scenarios for crude oil and natural gas and estimates the commensurate investment costs and foreign direct investment associated with each scenario. The paper also examines the markets for the distribution of natural gas and electricity.
How the law harms sex workers - and what they want instead Do you have to endorse prostitution in order to support sex worker rights? Should clients be criminalized, and can the police deliver justice? In Revolting Prostitutes, sex workers Juno Mac and Molly Smith bring a fresh perspective to questions that have long been contentious. Speaking from a growing global sex worker rights movement, and situating their argument firmly within wider questions of migration, work, feminism, and resistance to white supremacy, they make it clear that anyone committed to working towards justice and freedom should be in support of the sex worker rights movement.
She had never expected that she would slept with her deadly enemy,but it turned out to be a good match for both of them. while after marriage ,his indifference finally angered her. "You damn bastard! ☆About the Author☆ Wu Jin Xia, a well-known online novelist, has authored many novels, and is particularly good at modern romance.
China’s equity markets internationalization process started in the early 2000s but accelerated after 2012, when Chinese firms’ shares listed in Shanghai and Shenzhen gradually became available to international investors. This paper studies the effects of the post-2012 internationalization events by comparing the evolution of equity financing and investment activities for: (i) domestic listed firms relative to firms that already had access to international investors and (ii) domestic listed firms that were directly connected to international markets relative to those that were not. The paper finds large increases in financial and investment activities for domestic listed and for connected firms, with significant aggregate effects. The evidence also suggests the rise in firms’ equity issuances was primarily and initially financed by domestic investors. International investors’ portfolio holdings in Chinese equity markets and ownership in firms increased markedly only once Chinese firms’ locally issued shares became part of the MSCI Emerging Markets Index.
Along with its painful economic costs, the financial crisis of 2008 raised concerns over the future of international policy making. As in recessions past, new policy initiatives emerged, approaches that placed greater importance on protecting national interests than promoting international economic cooperation. Whether in fiscal or monetary policies, the control of currencies and capital flows, the regulation of finance, or the implementation of protectionist policies and barriers to trade, there has been an almost worldwide trend toward the prioritizing of national economic security. But what are the underlying economic causes of this trend, and what can economic research reveal about the p...
An authoritative account of Xi Jinping's worldview and how it drives Chinese behaviour both domestically and on the world stage. In his new book, On Xi Jinping, former Australian Prime Minister Kevin Rudd provides an authoritative account of the ideological worldview driving Chinese behaviour both domestically and on the world stage--that of President Xi Jinping, who now hold near-total control over the Chinese Communist Party and is now, in effect, president-for-life. Rudd argues that Xi's worldview differs significantly from those of the leaders who preceded him, and that this ideological shift is reflected in the real world of Chinese policy and behaviour. Focusing on China's domestic pol...
In order to pay her debts and marry into a rich family, she had to suffer daily torments from the body and spirit of the Devil's CEO. How was she going to pay her debts and escape from this hellish life?
Reach the peak of immortal cultivation and become able to run amok without fear! Use the power of martial arts to rule the world and defeat heroes! The weather changes at the whim and wave of a palm. He who cultivates both immortal techniques and martial arts, who could possibly defeat him! Xiao Chen is a shut-in who purchased a ‘Compendium of Cultivation’. Soon after, he crossed over into the Tianwu World, a world ruled by martial arts. He then refined pills, drew talismans, practiced formations, crafted weapons and cultivated the Azure Dragon Martial Soul that had not been seen for thousands of years. This is a story that tells of an exciting and magnificent legend!
The economic outlook for Latin America and the Caribbean remains very challenging. Regional growth is projected to decline for a fifth consecutive year in 2015, dipping below 1 percent. Weakness is concentrated among South America's commodity exporters, where falling global commodity prices have compounded country-specific challenges. Meanwhile, growth is projected to be steady or stronger for most of the Caribbean, Central America, and Mexico, supported by lower oil bills for importers and robust economic recovery in the United States. The analysis in this report examines core challenges facing the region: the impact of lower commodity prices on fiscal and external positions, the drivers of the slowdown in investment, and the role of economic diversification for longer-term growth prospects.
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