July 4, 2012

Mexico's Camelot

Mario Loyola, National Review

AP Photo

He will run into a lot of special interests, but the very fact that he is making unabashedly free-market proposals, and that he ran as a centrist candidate, is a clear indication of how far Mexico has come in embracing market principles. In the last two decades Mexico has gone from a stiff web of tariff barriers to nearly none, and is now one of the top countries in the world in terms of free trade. Per capita income is the third-highest in Latin America, after Argentina and Puerto Rico, and labor productivity remains well above China’s. Economic growth has been sluggish in recent years, but unemployment remains low, and net illegal immigration to the U.S. has slowed to a trickle.

Read Full Article ››

TAGGED: Institutional Revolutionary Party, PRI, Enrique Pena Nieto, Mexico

RECOMMENDED ARTICLES

July 3, 2012
Mexico's Next Chapter
Enrique Pena Nieto, New York Times
There may be considerable hand-wringing in the international community that my election somehow signifies a return to the old ways of my party, the Institutional Revolutionary Party or PRI, or a diminished commitment in... more ››
July 3, 2012
Nieto Is More Dangerous Than He Looks
John Ackerman, Foreign Policy
Mexico has apparently decided to turn back the clock. Widespread frustration with 12 years of uneven political progress and stunted economic growth under the right-wing National Action Party (PAN) has driven part of the Mexican... more ››
July 4, 2012
What Kind of PRI Will Rule Mexico?
Christian Science Monitor
Mexican voters have done what was once unthinkable, returning the notoriously corrupt PRI to the presidency after tossing it out in 2000. But Mexico is a different place today. more ››
July 3, 2012
How Enrique Nieto Won Mexico's Presidency
Tim Padgett, Time
Shortly before he was assassinated in 1994, Mexican presidential candidate Luis Donaldo Colosio admitted he had a dilemma. The long dictatorial reign of Colosio’s Institutional Revolutionary Party, or PRI, which had ruled... more ››
By injecting more competition into the Mexican economy - and restoring faith in government by more vigorously taking on the "other" cartels - the PRI can help ensure that the country’s future is brighter than the... more ››