Mexico's Dismal Economic Performance Under PAN

A blog about business and economics.
July 2 2012 8:45 AM

Mexico's Dismal Economic Performance Under PAN


A lot of the commentary I've seen in U.S. newspapers has expressed surprise that having ditched PRI dictatorship in December 2000 for two consecutive terms under the formerly opposition PAN, Mexican voters would so overwhelmingly switch back to a PRI candidate. If you look at Mexico's GDP under its two PAN presidents, I think this gets a lot easier to understand.

President-elect Enrique Peña Nieto expressed this pretty clearly in a recent Slate interview:

A lesson from U.S. politics is this expression of [Bill] Clinton: "It's the economy, stupid." We need to have a change in the condition of our people. We have not opened enough. ... That is, for me, the key—to grow, to open up job opportunities to the people.

The good news for him is that the Mexican economy has a fair amount of momentum behind it, with rising wages in China restoring Mexico's competitiveness as an export platform to the United States.

Matthew Yglesias is the executive editor of Vox and author of The Rent Is Too Damn High.



Driving in Circles

The autonomous Google car may never actually happen.

Where Ebola Lives Between Outbreaks

Gunman Killed Inside Canadian Parliament; Soldier Shot at National Monument Dies

Sleater-Kinney Was Once America’s Best Rock Band

Can it be again?

The Simpsons World App Is Here, and Nearly Perfect


“I’m Not a Scientist” Is No Excuse

Politicians brag about their ignorance while making ignorant decisions.


The Right to Run

If you can vote, you should be able to run for public office—any office.

In Praise of 13th Grade: Why a Fifth Year of High School Is a Great Idea 

Renée Zellweger’s New Face Is Too Real

  News & Politics
The World
Oct. 22 2014 2:05 PM Paul Farmer Says Up to Ninety Percent of Those Infected Should Survive Ebola. Is He Right?
Continuously Operating
Oct. 22 2014 2:38 PM Crack Open an Old One A highly unscientific evaluation of Germany’s oldest breweries.
Oct. 22 2014 4:45 PM Welcome to 13th Grade! Several Oregon high schools are offering a fifth year of high school. Every district should consider it.
  Double X
The XX Factor
Oct. 22 2014 4:27 PM Three Ways Your Text Messages Change After You Get Married
  Slate Plus
Tv Club
Oct. 22 2014 5:27 PM The Slate Walking Dead Podcast A spoiler-filled discussion of Episodes 1 and 2.
Brow Beat
Oct. 22 2014 4:10 PM Skinny Mark Wahlberg Goes for an Oscar: The First Trailer for The Gambler
Future Tense
Oct. 22 2014 5:33 PM One More Reason Not to Use PowerPoint: It’s The Gateway for a Serious Windows Vulnerability
  Health & Science
Wild Things
Oct. 22 2014 2:42 PM Orcas, Via Drone, for the First Time Ever
Sports Nut
Oct. 20 2014 5:09 PM Keepaway, on Three. Ready—Break! On his record-breaking touchdown pass, Peyton Manning couldn’t even leave the celebration to chance.