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Article: Innovators and decision-makers.(Exclusive: President Fox & cabinet members)
- Article from:
- Latino Leaders
- Article date:
- June 1, 2002
CopyrightCOPYRIGHT 2002 Ferraez Publications of America Corp. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The economy is not a plaything, as Mexico's 1994 financial crisis and the ongoing debacle in Argentina clearly demonstrate. Cabinet members walk a policy tightrope, and errors can have consequences that take years to rectify. Economic blunders have a profound impact and can trigger almost instantaneous financial crisis.
Every six years, with startling regularity, Mexico was plunged into a crisis with the peso dramatically losing value against the dollar, interest rates soaring, consumption weakening, and economic growth grinding to a standstill. But this time it's all been very different. President Fox has been in office for 18 months and the Mexican economy ...