d industrial and chemical company that does extensive business in Mexico. "Fox will have to address the crime situation, which has an impact on attracting foreign investment. There's an awful lot of work to be done in the micro-economy, the ability of industry and agriculture to compete on a global scale, improving the quality of education" (Burton).
Yet Mr. Zedillo has enabled Mr. Fox to come to power in a Mexico that looks - on paper - economically stronger than ever. Real growth rates have averaged 5 percent for the last four years. Driven by the North American Free Trade Agreement, Mexican exports to the United States have grown from about $60 billion in 1995 to more than $100 billion in 1999. Richard W. Fisher, the deputy United States trade representative, estimated that two- way trade between Mexico and the United States is running at the equivalent of more than half a million dollars a minute. At its current growth rate, it will exceed the trade between the United States and the European Union by 2004.
President Zedillo, an economist trained in the United States, took office in 1994, inheriting and in some cases aggravating a series of financial shocks that staggered Mexico, including a banking crisis that may wind up costing citizens $100 billion. But he is in many ways keeping his pledge two years ago to hand over the presidency in healthy economic conditions, protected from the crises that have ruined the country over the past 20 years (Flores). Some of
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