This working paper analyzes higher education faculty characteristics in Mexico and the United States. The first section describes and compares Mexican and U.S. faculty characteristics and conditions, including total number of faculty, student-teacher ratios, full- versus part-time status, rank, tenure, average salaries, gender and ethnicity, and union membership. The second section discusses contemporary policy issues including faculty evaluation, workload, and productivity, curriculum reform, faculty involvement with the business community, faculty development, and implications that the North American Free Trade Agreement will have for faculty on both sides of the border. The paper concludes with some suggested areas for collaborative efforts of faculty in the two countries including increasing faculty exchanges which provide scheduling flexibility and possibly salary support. New models for faculty development and enrichment should also be established. Also recommended is increased use of technology to facilitate interaction between faculty in the two countries. The final area for collaboration is the development of mutually beneficial relations with the business community. Five tables of tables and two graphs are included. (Contains 29 references.) (JLS)