A Lifeline For Mexico's Reformers

For one brief moment, it was feared that all was lost in Mexico. The assassination of presidential candidate Luis Donaldo Colosio on Mar. 23 led to a fierce power struggle between the reform-minded technocrats around President Carlos Salinas de Gortari and the old guard of his party, the Institutional Revolutionary Party (PRI). American investors, from individuals with money in emerging-market mutual funds to Detroit auto executives, worried that economic reform might not survive the killer's bullet.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.