The impact of trade and globalization on the average American has become a core issue in this year’s elections. We have heard measured, well-founded and serious critiques on the handling of issues like currency manipulation and preparing our workforce for participation in the global economy, but the conversation has also drawn many passionate and visceral responses, highlighting the intensity with which citizens feel the impact of economic change. Due to campaign rhetoric, Mexico has come to symbolize much of the U.S. encounter with globalization. Given that Mexico is the United States’ second largest export market, third largest overall trading partner, and the top country of origin for immigrants living in the country, this is understandable. Nonetheless, having become a top tier issue in the presidential elections, it is more important than ever that Americans have a clear and up-to-date understanding of Mexico and, in particular, the U.S.-Mexico economic relationship.
With that in mind, the Mexico Institute is pleased to announce the report Growing Together: Economic Ties between the United States and Mexico, which explores the bilateral economic relationship in detail to understand its nature and its impact on the United States. The report includes original research on the employment impact of bilateral trade on the U.S. economy, original analysis using government and academic datasets, and an extensive review of existing research relevant to the U.S.-Mexico economic relationship.
Our study concludes that the economic relationship with Mexico, though not without its challenges, provides concrete benefits, strengthening the competitiveness of American firms, creating jobs in the United States, and generating savings for the average American family.