Presidential Promises Falter

Presidential Promises Falter


President Fox's inaugural promise of a "new reality" for Mexico remains elusive. Mexico's President Vicente Fox took office a year and nine months ago, promising great change after ending 71 years of rule by the Institutional Revolutionary Party (PRI). "There is a new reality of power in Mexico and a new era of democratization and expectations of change," Fox declared in his December 2000 inauguration speech. "We will not let you down." He is almost a third of the way through his six-year term, but his ambitious plans for laying the foundations of a modern, developed economy have come to little so

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial