Mexican Security: The True Casualty of Low Oil Prices

Mexico has long had a privileged position in Latin America. Its proximity to the United States -- the largest consumer economy in the world -- has contributed to the growth of a robust domestic manufacturing industry, which has become the bedrock of the Mexican economy. Manufacturing has made Mexico the third-largest U.S. trading partner and has propelled its economy to the rank of second largest in Latin America. Still, as in all oil-producing countries, the drop in global oil prices will hurt the country's financial position, possibly jeopardizing its security reforms. But overall, the country will manage the price drop relatively well....