May 1, 2001
Over the last two decades, great fortunes have been made and lost in Mexico and elsewhere in Latin America as our countries inserted themselves into the whirlwind of an increasingly borderless international economy. Entrepreneurs have won and lost enormous bets in their efforts to build internationally competitive businesses and to bring the benefits of new information technologies to their countries.
However, it has become increasingly clear that the ability to compete - in some cases, to survive - in the globalizing world economy is being undercut by the wild fluctuations
Ricardo Salinas Pliego, the Mexican business leader, has become a target for shareholder rights activists. Here, he gives his side of the story and sets out the far-reaching changes in corporate governance at his group of companies, which includes TV Azteca and the Elektra retail chain.