Post Election Mexico: Good for International Business or Return of the Dinosaurs?
On July 1, Mexican voters turned their backs on the pro-business, reformist, Partido Acción Nacional (PAN) and brought the Partido Revolucionario Institucional (PRI) back into power. During its 70-year rule the PRI had a reputation for corruption, cronyism and nationalistic/socialistic rhetoric that made Mexico a less than hospitable place for foreign firms. PRI obstruction blocked passage many vital reforms. So does the election of Mr. Enrique Pena Nieto signal a return of the dinosaurs? Or does the president-elect, as he claims, represent PRI's "new generation" with a commitment to continuing democracy, transparency & modernization? My guest, Guillaume Corpart, Managing Director of Americas Market Intelligence will talk about what the election results mean for the country’s economic growth & stability going forward. The chances that a PRI led government will enact energy, tax, political or labor reforms? Will the business climate deteriorate? Or is Mexico looking good?