Will Mexico Conquer or Conk Out?

Shannon K. O’Neil Sees America’s Southern Neighbor At a Crossroads

Council on Foreign Relations Latin America analyst Shannon K. O’Neil, author of Two Nations Indivisible: Mexico, the United States, and the Road Ahead, was amazed by the enthusiasm she felt and saw when she first came to Mexico in 1994. NAFTA was beginning to take effect, the middle class was growing, and Mexico City was always noisy, because so much construction was going on. But then the peso crisis hit, and the country was thrown into one of the worst recessions it had ever seen. “This could have been the …