Is Enrique Peña Nieto saving Mexico?


nieto

 

 

A Vice journalist goes in-depth in assessing a recent Time article which, he criticizes, is actually doing something like a ‘paid advertorial’ about Mexico’s current president, Enrique Peña Nieto. And it turns out many in the country agree with him, though.

At the very least, however, the president is giving a try.

Read the full article here

 

Excerpt:

 

No idea why the president of a large globalized economy like Mexico’s would regard being at a desk at 9 PM on a February night as anything less than “deadly serious business,” or as most other big-time presidents say, just another day at the office. But I’m sure he knows what he’s talking about, so let’s listen in!

Five years ago, drug violence was exploding, the Mexican economy was reeling, and a Pentagon report likened the Aztec nation to the terrorist-infested basket case Pakistan, saying both were at risk of “rapid and sudden collapse.” As Barack Obama prepared to take office in 2008, one of his senior foreign policy advisers privately nominated Mexico the most underappreciated problem facing the new U.S. Administration.

This is serious, guys. We’re talking “basket-case” states here.

Crowley continues.

Now the alarms are being replaced with applause. After one year in office, Peña Nieto has passed the most ambitious package of social, political and economic reforms in memory. Global economic forces, too, have shifted in his country’s direction. Throw in the opening of Mexico’s oil reserves to foreign investment for the first time in 75 years, and smart money has begun to bet on peso power. “In the Wall Street investment community, I’d say that Mexico is by far the favorite nation just now,” says Ruchir Sharma, head of emerging markets at Morgan Stanley. “It’s gone from a country people had sort of given up on to becoming the favorite.”

Wait a second. Did this reporter just fly in for this story and fly out? Apparently he did. Hm.

 

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