Mexico: Open Markets, Open Politics

The surprising election of Vicente Fox as President of Mexico on July 2 will be remembered as a triumph not just for Fox himself but also for the people of Mexico and for current president Ernesto Zedillo. For Mexico, the victory of Fox's National Action Party over the Institutional Revolutionary Party (PRI), which had ruled the country uninterruptedly since 1929, is a sign of the country's transition to full democracy. And for Zedillo, despite the PRI's loss, the ability to shepherd Mexico through its freest elections ever will stand as a permanent testimonial to his foresight and wisdom.

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