Tag Archives: Contributor Mexico

Upgrade: Mexico's Government Takes Aim at the Telecom Sector

By Nathaniel Parish Flannery, Contributor

Mexico’s new telecom reform should give the country’s business owners something to cheer about. After Mexico’s July 1 2012 election, I watched a mob of spirited protesters march through downtown Mexico City. They shouted their discontent with the country’s newly elected president and condemned Mexico’s broadcast giant Televisa, saying it had unfairly influenced the result of the election. In an article I wrote in September, 2012 I explained “In the end, the controversy did not ruin [Enrique] Peña Nieto’s presidential bid, but it did cause problems for Televisa. The complaints about Televisa’s monopoly power in the television market came at a delicate time, just as Televisa was seeking approval to expand into the country’s telecom sector, an area of the economy that has been dominated by Mexican billionaire Carlos Slim since the 1980s, when he won control of the state-owned telecom monopoly during a PRI-led push for privatization.” …read more
Source: FULL ARTICLE at Forbes Latest

Mexico's Economic Trajectory: Onward and Up?

By Nathaniel Parish Flannery, Contributor

Mexico now has Thomas Friedman’s stamp of approval. Within the country, however, criticism of the prevailing economic model has not dissipated with the transition to a new government. Shortly after Mexico’s July, 2012 election, I took a trip to the Atlantic coast home state of Andres Manuel Lopez Obrador, a charismatic and controversial candidate who lost the election and then staged a series of massive protests. While in Tabasco, I met with the local fishermen who venture out into the region’s lakes and lagoons in search of a frightening looking, slow-swimming fish that inspired the nickname “El Peje” for Lopez Obrador. As I explained in this article for The Atlantic, like a languid pejelagarto fish, Lopez Obrador struggles to keep up with the rapidly shifting currents of Mexico’s evolving political and economic environment. In an election in which voters called for an end to drugwar violence but also wanted to protect Mexico’s recent record of economic growth, Lopez Obrador became a polarizing candidate. Many voters from Mexico’s far left viewed him as the country’s only savior from a return to rule by the Institutional Revolutionary Party (PRI), the front-running umbrella group that ruled Mexico for 71 years before being ousted from power in 2000. However, although some voters viewed Lopez Obrador as an important alternative to the centrist PRI and the right-of-center party of outgoing president Felipe Calderon, many Mexicans were also wary of his outdated economic views and anachronistic policy ideas. At his final rally in Mexico City, I watched as Lopez Obrador told the crowd that he’d deliver “a real change” and that during his administration Mexico “would produce what we consume.” …read more
Source: FULL ARTICLE at Forbes Latest

Mexican TV Billionaire Salinas Pliego Wants Pemex To Be Privatized

By Dolia Estevez, Contributor Mexico’s energy reform was one of the most talked about issues in last month’s World Economic Forum in Davos. The Mexican delegation, made up of billionaires, top government officials and businessmen, kept the attendees’ interest high. Billionaire Ricardo Salinas Pliego, who controls the country’s No. 2 television broadcaster, TV Azteca SAB (AZTECA.MX), said he wants Petroleos Mexicanos (Pemex), the state- run oil and gas monopoly with total assets of $415.75 billion, to be privatized.
Source: FULL ARTICLE at Forbes Latest