I agree --an economic team from the US could be the right approach, they need to change many of their laws also and of course do something stronger about their crime and corruption. Open borders is about the WORST way to build up a country because Mexico is losing many of it's poorer people but it's losing it's more ambitious poorer people who could become it's middle class if they were allowed that. What stays behind isn't what will make that a better economy but even worse. Instability in Mexico is very high because in some villages half the people have gone to the US. Sometimes they'll at least send money home but often that's just for a few months to a couple of years.
According to a report on CNBC last night:
U.S. factory work pays an average of $20/hour
Mexico factory work pays an average of $2/hour (maybe it was $4/hour)
China factory work pays $0.40/hour (maybe it was $0.20/hour)
The report emphasized that thousands of U.S. and Mexican jobs were going to China. Something like 700,000 U.S. jobs had already gone to China.
An economic team might find itself in a position of not being able to bail fast enough to keep the boat from sinking. Not saying it's a bad idea. Just that things may be getting worse, both here and in Mexico -- but especially for Mexico with a much higher percentage of no/low skilled workers.