Share this page!

Enter URL or ID to Unroll

You can paste full URL like: https://x.com/threadreaderapp/status/1644127596119195649
or just the ID like: 1644127596119195649

How to get URL link on X (Twitter) App

  1. On the Twitter thread, click on or icon on the bottom
  2. Click again on or Share Via icon
  3. Click on Copy Link to Tweet
  4. Paste it above and click "Unroll Thread"!
  5. More info at Twitter Help
Noah Smith 🐇 Profile picture
@Noahpinion
Aug 26, 2019 • 15 tweets • 5 min read • Read on X
Scrolly
Today's @bopinion post is about Mexico.

Mexico is doing a lot better economically than Americans might realize.

bloomberg.com/opinion/articl…
2/Economists usually think of growth as exponential. In Mexico, it looks more like a straight line.

That's not great...but it's not terrible either.
3/Mexico is what the World Bank calls an "upper middle class" country.
worldpopulationreview.com/countries/midd…

It's per capita GDP (PPP) is over $20,000, putting it ahead of Argentina, and over 4 times as rich as, say, Bangladesh.
4/And Mexico's inequality is pretty bad, but it's been getting less bad.
5/But here's why Mexico's recent performance is actually pretty impressive - it comes IN SPITE of the country's once-mighty oil industry being in a death spiral.

Mexico's oil production peaked and went into steep decline since 2006, thanks to its biggest oil field running out.
6/When oil runs out, you have to switch to manufacturing and services.

That's much easier said than done.

But Mexico has been doing it!!
7/Mexico has more than doubled the percent of its GDP that it spends on education since the 1990s. And its literacy rate has climbed to essentially universal literacy.
8/Thanks to productivity improvements in Mexico and cost increases elsewhere, Mexican manufacturing is now one of the world's most competitive.

bcg.com/publications/2…
9/And foreign direct investment is pouring in.
10/Meanwhile, even as oil production has fallen by half, Mexico's exports - 90% of which are now manufactured goods - have continued to soar.
11/And we're not talking about toys and clothing. We're talking about electronics and cars. High-tech, high-value stuff!
12/No wonder Mexicans are, on net, leaving the U.S. for Mexico.
13/Of course, I don't want to be unrealistic here. Mexico still has huge challenges, including:
1. the Drug War
2. building global brands
3. still-high inequality
14/But in general, Mexico is doing much better than Americans may realize. It's not a basket case - it's an up-and-coming industrial powerhouse.

(end)

bloomberg.com/opinion/articl…
(sorry, should be "upper middle income")

• • •

Missing some Tweet in this thread? You can try to force a refresh
　

Keep Current with Noah Smith 🐇

Noah Smith 🐇 Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @Noahpinion

Noah Smith 🐇 Profile picture
Oct 20
1/Here's something a lot of people I talk to don't understand about Japanese urbanism, and why Japanese cities are so special. Image
2/Japanese cities feel different than big, dense cities elsewhere -- NYC, London, and Paris, but also other Asian cities like Hong Kong, Shanghai, and Singapore.

There are many reasons for this, but today I'll focus on one: Zakkyo buildings. Image
3/When many people think of "mixed-use development", they think of stores on the first floor, apartments on the higher floors. This is sometimes called "shop-top housing" or "over-store apartments".

This is how most cities in the world do mixed-use development. Image
Read 33 tweets
Noah Smith 🐇 Profile picture
Sep 1
This will be a running thread of observations from my trip to Poland!
Most European apartment buildings don't look any better than an American 5-over-1. But people like them more, because:

1. "Thing, Europe! 😃"

2. They have shops on the first floor and you can walk in and out on the street -- i.e. the neighborhood is walkable. Image
One thing you see a lot of here are Polish flags. There's so much red and white around here it feels like I'm back at Stanford!
Read 38 tweets
Noah Smith 🐇 Profile picture
Jul 28
1/Here's something I've been wondering about recently: How did the U.S. miss the battery revolution?

With every other technological revolution, we anticipated it well in advance, and as a result we were the first -- or one of the first -- to take advantage of it.
2/The U.S. invented the computer, the internet, and modern AI. On all three of those, we were (or are) the leading nation. We talked ad infinitum about the benefits of those digital technologies long before they became a reality, allowing us to shape their eventual use.
3/We did the Human Genome Project. We invented mRNA vaccines. We did most of the research that drove down the costs of solar power. Jimmy Carter put solar panels on the White House more than 30 years before it became economical.
Read 24 tweets
Noah Smith 🐇 Profile picture
Jun 10
Russia's empire is a nested hierarchy. At the center is Moscow. Under them are mid-tier Russian cities and rural areas, then subject peoples like the Buryats, Sakha, and these African folks.

The closer you are to the center, the less fighting you do, and the more money you get. Image
In fact, the circles of Russian hierarchy don't stop at Moscow. There are privileged subgroups of Muscovites, then more privileged groups inside that circle, all the way up to the Tsar himself.

The principle still holds: Closer to the center = less fighting, more money.
The advantage of this organizational structure is that the more power you have, the less likely you are to ever suffer negative consequences from adverse shocks or bad decisions. All the losses from failed wars, bad economic decisions, etc. get taken by the less powerful.
Read 16 tweets
Noah Smith 🐇 Profile picture
Jun 3
In fact, it's not law even now. This executive order is (sadly) AGAINST the law and will probably be struck down, because our asylum law says we can't discriminate against asylum claimants for crossing the border illegally. That law needs to be changed by Congress.
The problem is that the U.S. is a party to the 1967 UN Convention on the Status of Refugees, which says that your asylum system can't discriminate against people for being in the country illegally. We wrote our domestic law to comply with that treaty.
The non-discrimination provision is obviously stupid, so what we need to do is flout the 1967 UN Convention on the Status of Refugees, and simply amend our domestic law to say "You can't claim asylum if you crossed illegally". But this would require an act of Congress.
Read 5 tweets
Noah Smith 🐇 Profile picture
May 7
I'm incredibly bored of talking about the Palestine protests, but here are some results from the recent Generation Lab survey.

Key fact #1: College students just don't care about the Palestine issue that much.

axios.com/2024/05/07/pol…
Image
About 8% of students have participated in the protests on one side or the other. That's a substantial number, but less than the 21% who joined BLM protests in May/June 2020 (and the latter were pretty much all on one side of the issue).

collegepulse.com/blog/8-in-10-c…
Image
Only about 1/8 of students blame Biden for the conflict. 34% blame Hamas, and 31% blame either Israel in general or Netanyahu specifically. Image
Read 6 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us!

Send Email!

:(