Fox and stability

Mexico

Mexico’s president Vicente Fox knows the value of stability. Since 2000, his pro-business party, which ended 71 years of one-party rule by the National Revolutionary Party (PRI), has brought unprecedented economic stability to Mexico, Latin America’s second-largest economy and one of the region’s few investment-grade credits.

But that stability has not brought the red-hot economic growth many expected and more than midway through Fox’s term, analysts, opposition politicians and investors wonder if Mexico is on the path to becoming a fully fledged investment-grade credit, leaving behind its emerging market status.