Raymond Robertson, 27 November 2009

One of the nations hit hardest by the great trade collapse is Mexico– its trade falling over 40% in the six months following September 2008. Mexico’s imports and exports, however, have both recovered remarkably in recent months and are now three-quarters of the way back to peak values. This chapter argues that Mexico’s close engagement with the US industrial supply chain accounts for these unusually sharp movements.


CEPR Policy Research