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COURSE TOPIC THE HINDU EDITORIAL TIMES 18 - JUNE - 2018
TITLE CHANGE IN MEXICO?
HEADLINE The ruling party faces an uphill battle ahead of the presidential election
CHANGE IN MEXICO Mexico's ruling Institutional Revolutionary Party (PRI), which has dominated its politics for the better part of a century(1929 to 2000), seems at risk of a defeat in the July I election. Brisk economic growth, low inflation and a sharp fall in unemployment have not contained the steady political slide under the corruption- tainted rule of President Enrique Pe a Nieto.
CHANGE IN MEXICO Simultaneously, the strong showing in opinion polls for the radical left-wing frontrunner, Andr s Manuel L pez Obrador of the National Regeneration Movement, is linked to the peso's(currency)sharp decline and a sense of drift. The threat of Washington quitting the North American Free Trade Agreement has loomed large over the latter part of Mr. Pe a Nieto's rule. But his challenges at home have been no less formidable.
CHANGE IN MEXICO Mr. Pe a Nieto's government has also been at the centre of a political stornm beginning with accusations that surfaced last year of illegal funding of his 2012 election Mr. L pez Obrador, a three-time contender for the presidency and former Mayor of Mexico City, has sought to capitalise on this widespread disenchantment. While his rhetoric may sound too simplistic, voters could well give him the benefit of the doubt for want of an alternative
CHANGE IN MEXICO All the same, Mr. L pez Obrador's rising popularity has sent jitters across the energy industry over the future of the contracts for oil exploration in the Gulf of Maxico. Whatever the outcome on July I, Mexico's transition through the ballot seems an integral feature of the country's polity. This is no mean achievement in Latin America, where extensions of presidential terms through constitutional fiat are rounine
CHANGE IN MEXICO And going forward, FIFA's decision to award the 2026 World Cup to the three NAFTA nations-Mexico, with the U.S. and Canada-will possibly lead to a more conducive overall climate in the region.
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