Macario Schettino, a professor at the School of Government at Mexico’s Monterrey Institute of Technology and Higher Education, writes in Americas Quarterly about the difficult situation our country will go through next year. It is worth reading. You can follow Macario on Twitter @macariomx
Emerging media consensus is that Mexico’s Institutional Revolutionary Party (PRI) will likely name Treasury Secretary José Antonio Meade as its candidate for president in 2018.
Such a move would serve the unpopular ruling party on two fronts: it would muffle inherent opposition to the PRI as an institution (Meade is not a party member), and it would give them an ideal standard-bearer to carry forward their economic message (Meade has been treasury secretary for two parties and is highly regarded by the country’s business elite).
On this second front, the PRI has a decent case to make. The economy is stable, structural reforms seem to be bearing fruit and, NAFTA aside, there are no major storm clouds on the horizon. Will this be enough to shift voters’ focus next July? Unfortunately for the PRI, the answer is probably not. The race for Mexico’s presidency in 2018 looks to be about two things: crime and corruption. Or, put more simply, impunity.
First, the history. No presidential election since the end of one-party PRI rule has had the economy as its focal point. In 2000, the PRI lost the presidency for the first time in 71 years despite GDP growth above 5 percent. A recession sparked by the end of the dot com boom (especially costly for Mexico’s export-driven economy) arrived just as Vicente Fox was settling into office at Los Pinos – but it was political, rather than economic, frustration that carried him there.
Click here for full article on americasquarterly.org/content/macario-schettino
more recommended stories
International company Accenture will settle in Tekax, Yucatán
Accenture is a global operations, technology.
Over forced labor allegations, U.S. blocks imports of tomatoes from Mexican farms
WASHINGTON/MEXICO CITY, October 25, 2021 (Reuters).
Moderna says its COVID-19 vaccine protective, safe in young children
October 25, 2021 (Reuters) – Moderna.
Hurricane Rick makes landfall on Michoacan’s coast
MEXICO CITY (Reuters) – The eye.
Bus accident on the Felipe Carrillo Puerto-Chetumal highway leaves 3 dead and several injured
Chetumal, Quintana Roo, (October 25, 2021).-.
These are the vaccination rules in the U.S. for international travel reopening on Nov. 8
WASHINGTON, Oct 25 (Reuters) – The.
Container shortage impacts imports to the Port of Progreso
Foreign trade agencies begin to feel.
An oversight almost cost the life of a two-year-old baby in Tizimín
After drinking rat poison, a 2-year-old.
Two drunk men jumped from the dock of Progreso, they were rescued by local police (VIDEO)
Agents of the Progreso Ecological Police.
Deviation of 12 million pesos detected in Espita, Yucatan
MÉRIDA, MX.- A 12 million pesos.