Can the yield spread, which has been found to predict with surprising accuracy the movement of key macroeconomic variables of developed countries, also predict such variables for a developing country experiencing economic turmoil? This article presents empirical results that suggest significant...

Mexico's creation and use of safeguard and antidumping processes to advance its liberalization illustrate three key points. First, the country was able to use the instruments without losing political control. In a period of crisis that threatened congressional approval of critical steps in the...