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ITAM’s Seventieth Anniversary Ceremony
Oficina de Comunicación
November 5, 2016
1:30h

On November 1st, ITAM celebrated its seventieth anniversary with a ceremony attended by the Mexican President, Enrique Peña Nieto, ITAM’s President of the Board of Directors, Mr. Alberto Baillères, and ITAM’s Rector, Arturo Fernández.

The attendees at the presidium included: The Mayor of Mexico City, Miguel Ángel Mancera, the Minister of Public Education, Aurelio Nuño, ITAM’s Vice Rector, Alejandro Hernández, and various select faculty representatives, namely, Carlos Bosch (representing Maria Trigueros as faculty representative), Lorenzo Meade, representing alumni, and México Alberto Vergara, representing the current students.

The ceremony was attended by distinguished academics, renowned business people, representatives of civil organizations as well as those of the public sector.

Mexican Presidents have traditionally attended these anniversaries, namely, Miguel de la Madrid (fortieth), Ernesto Zedillo (fiftieth), and Vicente Fox (sixtieth). For this anniversary ceremony, Enrique Peña Nieto presented awards to members of ITAM’s faculty with more than 30 years of service as well as to administrative staff with 35 years of service and, for the first time, alumni who were previously awarded with the Premio Carrera al Universo, the highest distinction bestowed by the ITAM Alumni Organization, were also awarded. The following received this recognition: Miguel Mancera Aguayo, Francisco Gil Díaz, Pedro Aspe Armella, Agustín Irurita, Ernesto Vega, Javier Bonilla, Agustín Carstens, Raúl Solís, Felipe Calderón Hinojosa, Enrique Cárdenas, Jaime Zabludowsky, José Antonio Meade, and Martín Werner. Georgina Kessel, Francisco Mayorga, and Jesús Reyes Heroles were not able to attend the festivities.

Doctor Arturo Fernández, Rector del ITAM

“Don Alberto, ITAM is your best and lasting legacy to Mexico! Thank you!” stated Dr. Arturo Fernández, ITAM’s rector.

He gave a speech that highlighted the importance of this event and recognized all who have made it possible, namely, its founders, its sponsor, Don Alberto, the Board of Directors, administrative staff, its dear faculty, and students. He mentioned the importance of “educating the young people for freedom and its inherent responsibilities.” He also stated that “freedom is a fundamental value to safeguard human dignity and it is a condition for the victory of justice and prosperity.” (Full speech available here.)

Don Alberto Baillères, Presidente de la Junta de Gobierno del ITAM

“Don Raúl, my father, had a dream and dreams must be taken seriously because if one commits to achieving them, they will come true. I am sure what has been achieved has surpassed Don Raúl’s dreams and those of our group of founders. They never imagined that ITAM would be the great institution that it is today,” stated Don Alberto Baillères, President of ITAM’s Board of Directors, at the beginning of his speech. 

Don Alberto Baillères reminisced about the work started by his father, Don Raúl Baillères, as well as his own personal relationship  to ITAM for more than fifty years. In addition, he spoke about the changes that Mexico has faced in the last three decades and his conviction that Mexico has a great future. Finally, he invited all the participants to join efforts and commit themselves to achieve the greatness of Mexico. (Full speech available here.)

Don Alberto Baillères y el Presidente de los Estados Unidos Mexicanos, Enrique Peña Nieto

"The contribution that ITAM has made to many generations is invaluable. ITAM has shaped the lives of men and women that have been contributing in diverse areas of social life as well as to the construction and building of a better nation,” expressed Enrique Peña Nieto.

Don Alberto also insisted on the importance of educational reform:

 “I am convinced that Mexico’s development depends on a quality education accessible to all Mexicans, an education cultivating social values in its people, educating its citizens to be good and successful, giving them a command of science and technology and allowing them to earn their living with dignity and decency.”

 

Enrique Peña Nieto also presented an award to Don Alberto Baillères from ITAM’s university community in recognition of his five decades presiding over ITAM’s Board of Directors, as well as his dedication and generosity to education and particularly to ITAM. The President confirmed that Don Alberto Baillères’ entrepreneurial vision and love for Mexico supports this institution’s prestige. He also stated that we are all agents of change in Mexico and he urged the attendees, as members of society and proud citizens of this country “to continue inspiring positive and constructive change in our country so that future generations will have an environment to achieve both their personal and professional goals.”  

 


Juan Pablo Aguilera Ozuna, alumnus of our Undergraduate Program in Applied Mathematics, winner of the Mexican Mathematics Society’s prize “Sotero Prieto”
Oficina de Comunicación
October 14, 2016
16:45h

Congratulations to Juan Pablo Aguilera Ozuna, alumnus of ITAM’s undergraduate program in mathematics who was awarded the prize “Sotero Prieto” by the Mexican Mathematics Society for his thesis on mathematical logic. This thesis was supervised by one of our youngest researchers in the Academic Department of Mathematics, Dr. David Fernández Duque.

Furthermore, the Mexican Mathematics Society awarded Mention of Honor to Ilan Morgenstern Kaplan, also an alumnus of our undergraduate program in applied mathematics, for his thesis on “Bankruptcy Models”, supervised by Dr. Diego Domínguez, Department Chair of the Academic Department of Economics.

 

Winners of the Sotero Prieto Prize

  • Gilberto Bruno Pérez, Faculty of Science, UNAM
  • Juan Pablo Aguilera Ozuna, ITAM
  • José María Ibarra Rodríguez, Universidad de Guanajuato

Mention of Honor

  • Edgar Alamilla Jiménez, Universidad Juárez Autónoma de Tabasco
  • Mauricio Enrique Elizalde Mejía, Faculty of Science, UNAM
  • Cecilia Neve Jiménez, Faculty of Science, UNAM
  • Ilan Morgenstern Kaplan, ITAM

A Public Interview of Arnold C. Harberger
October 13, 2016
1:30h

The Academic Department of Economics organized a public interview with Arnold Harberger, currently a professor at the University of California in Los Angeles and a Doctor Honoris Causa of our institution. Among the presenters were Dr. Francisco Gil Díaz and ITAM’S rector, Dr. Arturo Fernández Pérez.

The Rector considers Arnold Harberger an inspiring person who has concentrated on the importance of solving the practical problems of fiscal macroeconomic policy and development policies. “Alito ─as he is fondly referred to by his students─ has returned back to his home, ITAM,” stated Dr. Fernández.

Arnold Harberger mentioned that he has always perceived the economy as a tool for the betterment of society, a belief held by David Ricardo and Adam Smith. He also stated that there were two elements necessary to the implementation of public policies: firstly, it must be based on economic fundamentals and secondly, economic policy is formulated by a committee seldom made up of doctors in economics, thus it is important that this group of people receive clear explanations and intuitive interpretations of economic concepts.  One of his legacies to ITAM is on “project evaluation”, which according to the Rector, our government spends 27% of our gross domestic product.  The questions here are what type of projects are approved and how is public money utilized.  These are relevant questions since the financing of these projects depends on the earnings of the Mexican people who have had to sacrifice their levels of spending for this purpose. The evaluation of projects is significant because sometimes we invest in projects with negative rates of return which impoverish our nation.  Therefore, thanks to the inspiring Arnold Harberger, our institute teaches a course in Social Evaluation of Projects and it has a Center for Project Evaluation, stated Dr. Arturo Fernández.


DREAMERS.ITAM.MX, an International Access for Dreamer Students
Oficina de Comunicación
March 28, 2017
23:30h

ITAM presents its webpage dreamers.itam.mx, a website where dreamers can find information on the range of study programs offered at ITAM, admission requirements, and the financial aid programs that our university offers so that they continue their undergraduate and graduate studies in Mexico.

ITAM is a higher-education institution that offers 14 undergraduate programs (Accounting and Financial Direction, Actuarial Science, Business Administration, Economics, Law, International Relations, Public Accounting and Financial StrategyApplied Mathematics, Political Science, Industrial Engineering, Computer Engineering, Mechatronics Engineering, Business Engineering and Telecommunications Engineering); 14 graduate programs (Masters in Accounting, Computer Science, Data Science, Economic Theory, Economics, Executive MBA-Masters in Business Management, Finance, Human Rights and Fundamental Principles, Information Technology and Management, International Management, part-time and full-time MBA, Marketing, Risk Management and Public Policy); one Ph.D. in Economics, and more than 200 diploma courses.

More information at dreamers.itam.mx


ITAM alumni among list of best CFO’s for 2016
Oficina de Comunicación
September 13, 2016
17:00h


Seminar on Economic Perspectives 2017: “Challenges and Opportunities Posed by a Complicated International Environment”
January 12, 2017
10:00h

Mexico’s challenges and opportunities in light of a complicated international environment was the theme of the Seminar on Economic Perspectives that was held by ITAM as customary in its main auditorium. This event has been held for more than 25 years by ITAM and its Alumni Association at the beginning of each year to analyze what is expected from the nation’s economy given the worldwide panorama. The conference began when Ana Paula Ordorica, president of the ITAM Alumni Association, welcomed the speakers, thanking them for the time they set aside for the event and particularly for sharing the knowledge they have gained in their careers.

ITAM President Dr. Arturo Fernández spoke of the situation facing the Mexican economy due to the forthcoming inauguration of Donald Trump as president of the United States of America. He asserted that Mexico “should not negotiate on its knees or accept costly measures.” He said that if the North American Free Trade Agreement were annulled, the tariffs that Mexico would face would be less than 3 percent, which, although not ideal, does not mean a disaster for the nation.

Fernández asked: What would we have to do to minimize the impact? Reduce the tariffs that are registered with the WTO and apply the drawback scheme to avoid harming the production chains created within NAFTA. That way, the impact of NAFTA’s cancellation would be minimal. In addition, he said, if a 25 percent tariff were applied in the automotive sector, the United States would be abandoning its obligations to the WTO. If it did so, this would generate a trade war with serious damage to its economy and to the world economy. Fernández called on the various political forces to seek unity, to stop internal quarrels, and to fight together against the external threat.

Dr. Ángel Gurría, OECD secretary general, spoke about the challenges in the international environment, stating that this setting is complicated by a growth of 3 percent, which has not surpassed the 4-percent rate prevalent before the 2009 economic crisis. On the other hand, he said, there is a crisis of trust at the international level that has led to a low participation of young people in different democracies, resulting in cases such as the Brexit, the result of the referendum in Italy, the election in the United States, and the rejection of the peace agreement in Colombia. Mexico, he said, sees the path ahead very clearly, and finds itself at the stage of implementing structural reforms. To deal with the current global challenge, Mexico must rely on its range of assets, and press on with the implementation of reforms and with greater unity.

Mexico’s Finance Minister José Antonio Meade, speaking as part of the panel titled “2017 Macroeconomic Environment,” said the process of transforming the telecommunications and energy sectors will spur a large number of investments for the country in the near future. He said the biggest challenge is the redefinition of the relationship with the United States, noting that foreign trade is justified given the prosperity that it generates for both parties. As long as that continues, buyer and seller will stand up for the commercial space that fosters that relationship. Another major challenge, said Meade, is the liberalization of gasoline prices. He said Mexico should move toward a program in which price fluctuations are not based on public financing, since that has weakened that sector. He said the switch to a free market in gasoline should be accompanied by other policy measures, such as economic support by the federal government for families, and policies that preserve jobs in order to develop the market that Mexico needs.

Dr. Agustín Carstens, governor of the Bank of Mexico, spoke about the challenges facing the bank. He said that for much of last year, up through October, inflation was below 3 percent. The rate is determined by changes seen in the market basket and the underlying inflation regarding goods and services. He also noted, as did the finance minister, the difficult economic context facing the nation, ranging from Brexit to the election results in the United States. An important point, Carstens said, is the recent increase in interest rates, which previously had been low, close to 0 percent. He said the increase generates a balance in portfolios (bond prices) that yields financial stability. Carstens noted that given the institutional structure of the bank, he trusts that it will perform well after he leaves his post.

The panel titled “Economic and political aspects and the future of the Free Trade Agreement” was moderated by Edna Jaime, founder and general director of México Evalúa, who said the year has begun with surprises and unease over global changes that seem to go against a national transformation that is driven by reforms.

Jaime Serra Puche said free-trade treaties have proliferated, and competition now is between regions and not between countries. He said the position taken by the U.S. president-elect goes against the tide. Regarding NAFTA, he said that there has been a process of integration in North America with steady growth in trade since the treaty was signed, and a clear trend for economies to continue to be integrated. It is an intrinsic long-term force that is practically impossible to deter because it is linked to geoeconomic, demographic and deindustrialization factors of developed nations.

He said that the connectivity that has been achieved in North America will not likely be seriously impacted by the circumstances. He called energetically for avoiding an eye-for-an-eye trade war, which first would damage Mexico. On the contrary, Mexico must reduce the tariffs registered with the WTO to maintain the nation’s industrial competitiveness. If NAFTA is cancelled, he noted, the tariffs that Mexico would face would be minuscule, around 2.8 percent. He said he strongly opposes modifying NAFTA to make it into a managed trading system, which would create inefficiencies, corruption and favoritism.

Jaime Zabludovsky endorsed Serra Puche’s conclusions, and he said that the growth of the automotive industry in the last 22 years is explained by Mexico’s growth in this industry. In addition, Trump’s proposed increase in tariffs on the U.S. auto industry would mean not only getting out of NAFTA but breaking WTO rules. Zabludovsky said that the most important thing is to continue with a program of modernization and integration of Mexico that faces the global economy.

Luis de la Calle said the challenge now is not whether the Mexican economy is going to remain an open economy, but whether the United States is going to abide by the rules it thought it was imposing on a developing country through NAFTA, and if it will remain as an open economy. Given the threats, he said, Mexico must remain an open economy, implement structural reforms, reject treaty changes that are contrary to Mexico’s economic interests, maintain a treaty with Canada, and negotiate with countries like Australia and Brazil to exert pressure on the United States in areas such as the agricultural sector, one in which Mexico is the main export customer. He said Mexico is a young country that must embrace technological change and free trade because it desires a more prosperous future for its people.

Ambassador Andrés Rozental said Mexico should base its strategies on an overall perspective on the relationship between the two countries and not in a segmented way as it has been doing until now. That puts Mexico at a disadvantage with the United States, given that it has a more global vision. The appointment of Luis Videgaray, he believes, may be in line with that strategy of a world view within which Mexico must recognize its own facets, strengths and weaknesses in the bilateral relationship, and it should maintain the nation’s competitiveness in economic matters even without the United States.

José Antonio González, general director of Pemex, speaking as part of the panel titled “Sectorial Challenges and Opportunities in a New Economic Environment,” discussed the challenges and perspectives in the energy sector for 2017. He said PEMEX is the eighth largest oil producing enterprise in the world and the largest business in Mexico. One of its largest challenges is financial, given that the business strategy and structure have to be adjusted, and all energy reform elements have to be utilized. There is an under-investment in the country of about $15 billion dollars, which requires attracting investments and establishing alliances with other companies to obtain greater efficiency and productivity, especially in the areas of distribution (pipelines and rail), storage and gas stations.

Gabriel Contreras, president of IFETEL, discussed the digital era and the benefits as well as challenges of the telecommunications reform. He said the reform’s main goal is competition. Some of the benefits of the reform include the following: the rise of new business models; proposals for the creation of 148 new channels, 257 radio stations and 40 percent greater capacity in cellular phone service; a reduction of 29 percent in prices of telecommunication services; and an average annual growth of 5.7 percent in the sector, along with the creation of 43,000 jobs. The main challenge for Mexico in telecommunications is the digital gap; the intent is to provide connectivity at all times to everyone.

Luis Robles, president of the Mexican Banking Association, stressed the importance that banking represents for the development of Mexico’s economy. He said there is an abundance of capital and liquidity and a low level of past-due accounts. Thus, Mexico’s banking sector is in the healthiest, most sustainable and best growth cycle of credit expansion. In the past few years bank loans have become diversified, granting more than 2 million loans to the production sector.

Juan Pablo Castañón, president of the Business Coordinating Council, gave the seminar’s closing talk, saying that work should be aimed at a constructive bilateral relationship, despite the challenges that it presents. Internally, he said, policies should be developed that reduce inequality, battle poverty and generate domestic investment. What is needed, he said, is financing of small businesses so that they are modernized, which will generate formal jobs and a better worker’s network. Currently, he said, there is no industry that wants to be excluded from business treaties. The country has made strides and is on a platform from which to take another step up as a country, with a great deal of work and efficiency by way of the formal economy, rule of law, and solid bases.

 

Presentations

Opening speeches [Video]

Dr. Arturo Fernández, ITAM President

Ana Paula Ordorica, President of the ITAM Alumni Association

Benito Solís Mendoza, Coordinator of the Seminar on Macroeconomic Perspectives 2017

 

Challenges in the International Environment 2017 [Video]

Ángel Gurría, OECD General Secretary

 

Macroeconomic Environment 2017 [Video]

Dr. José Antonio Meade Kuribreña, Finance Minister

 

Monetary policy as an element of stability [Video]

Dr. Agustín Carstens, Governor of the Bank of Mexico

 

Challenges and Opportunities in a Complicated External Environment

 

Panel: Economic and Political Aspects and the Future of the Free-Trade Treaty [Video]

(Moderator: Edna Jaime)

Dr. Jaime Serra Puche

Dr. Luis de la Calle

Ambassador Andrés Rozental

Dr. Jaime Zabludovsky

 

Panel: Sectorial Challenges and Opportunities in a New Economic Environment [Video]

(Moderator: Carlos Rojo, DG GF Interacciones)

Strategic Projects: Abraham Zamora, Banobras General Director

Energy Sector: Dr. José Antonio González Anaya, General Director of Petróleos Mexicanos

Telecommunications Sector: Gabriel Contreras, President of IFETEL

Banking Sector: Luis Robles, President of the Mexican Banking Association

Industrial Sector: Guillermo Vogel, President of Canacero and Director of Tamsa

 

Closing remarks

Juan Pablo Castañón, President of the Business Coordinating Council


ITAM turns 70
July 1, 2016
23:15h

Congratulations to the commmunity of the Instituto Tecnológico Autónomo de México, which is observing its 70th year.

It was on July 1, 1946, when the institute first opened its doors under the name of the Instituto Tecnológico de México.

ITAM President Dr. Arturo Fernández Pérez issued a congratulatory letter regarding the institute’s 70th anniversary. The letter can be seen through the following link: 70.itam.mx/

 


Latinobarómetro’s 20th anniversary celebrated
Oficina de Comunicación
May 17, 2016
5:00h

Academics and analysts gathered at the ITAM to observe the 20th anniversary of Latinobarómetro, an organization that seeks answers to crucial questions across all Latin America.

Among those present were Marta Lagos, president of Corporación Latinobarómetro; Jaqueline Peschard from the Centro de Estudios Políticos at the UNAM; Ciro Murayama from the National Electoral Institute; Eduardo Bohórquez from Transparencia Mexicana; Gustavo Meixueiro from IEEPCO Oaxaca; José Gabriel Martínez, director of ITAM’s master’s program in public policy; and Edna Jaime from México Evalúa.

Participants in the panel discussions said that information and access to information is a fundamental need in the world we live in. This is why Latinobarómetro, with which different research groups and entities, including ITAM, collaborate, has helped researchers and the global community in general to be aware of the opinions of the general population of an entire region.

The speakers addressed the topics covered by the surveys, including institutional trust, economics, crime, corruption, health and the environment. To conduct the surveys and to avoid conflicts, they explained, different issues are taken into account, such as the form and context in which the surveys are carried out. Also noted was the importance of the preparation of the survey takers. New trends in surveying, such as technological innovation that helps reduce errors when data are collected, were also discussed.

They said the organization’s goal is to support democracy and free thinking in Latin America. For that reason, access to the results is free on the organization’s web site.