The global financial crisis calls for new thinking on the role that capital controls can play to reduce vulnerability to financial shocks and economic downturns.

There is widespread agreement that NAFTA has fallen short of its stated goals. Mexico’s experience under NAFTA shows that the U.S. trade agreements must include robust funding for development and avoid restrictions on government policies proven to promote dynamic development.

The authors of a new policy report discussed the impact of foriegn investment on sustainable development in Latin America.

The Carnegie Endowment hosted a discussion with Kevin Gallagher of his new book, The Enclave Economy: Foreign Investment and Sustainable Development in Mexico’s Silicon Valley, on October 26, 2007.