While much has been written about recent political and economic events in Mexico, there has been little analysis of the medium- and long-term policy implications of trends in Mexico for the United States. The ongoing roundtable on U.S.-Mexican relations reviews the current atmosphere in Mexico with particular emphasis on the consequences of the democratization of the political system; the presidential elections in 2000; the increase in the responsibility and size of the Mexican military; the implications of the emergence of guerrilla groups in different regions of Mexico; the dramatic increase in drug transfers and money laundering along the border; the future of Mexican immigration to the United States; and the outlook for political and economic stability in Mexico.