Manana is another day: Mexico can no longer afford PRI politics as usual - nor IMF austerity as usual. (failing economic policies of the Institutional Revolutionary Party and the International Monetary Fund)

From: National Review | Date: June 27, 1994| Author: | Copyright information

The economic reforms of Pres Carlos Salinas de Gortari have begun to lose their momentum. Interest rates and taxes have started to rise which reflect IMF policies that emphasize austerity over economic conditions that contribute to productivity and investment incentives.

Could Mexico's Institutional Revolutionary Party (PRI), the corporatist behemoth that has governed the country for 65 years, actually lose the presidential election this August? It sounds unthinkable. Conventional wisdom suggests that the PRI will be victorious once again, even if it has to steal the election. But this ...

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