mexicos new leader
As a new president prepares to take power in Mexico, the biggest economic news is what's not happening. The peso is not plummeting, investors are not panicking, and people are not suddenly paying more for their tortillas or televisions. Given recent history, this is a small miracle: every presidential transition in the last two decades has been scarred by an economic crisis. Instead of fears, there are great hopes, all raised by the next president, Vicente Fox Quesada. Mr. Fox now must institutionalize the stability he has inherited. He has pledged sweeping tax and fiscal reforms, annual economic growth rates of up to 7 percent, millions of new jobs, a stable economic architecture for foreign capital, private investment in the state-run oil industry and competition in telecommunications. He also promises budget austerity, increased social spending, the rise of the rule of law, and an end to ingrained political corruption. Mexico is still very much a developing nation. Reliable electric power and potable water are sometimes hard to find. In the capital, one of the world's most populous and polluted cities, the elite live behind barricades, protected from the impoverished by armed guards. Middle-class Mexicans have less buyin
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Some common words found in the essay are:
Party PRI, Fisher Burton, Quesada Fox, Mexico Canada, President Zedillo, México Pemex, Lynch's Morgan's, Flores Mexico, Pemex Hernandez, Coca-Cola Mexico, foreign investment, private investment, natural gas, state-run oil, united trade representative, ortiz central bank, economic growth, trade agreement, growth rates, fox power, free trade, 7 percent, free trade agreement, deputy united trade, fisher deputy united,
Approximate Word count = 1915
Approximate Pages = 8 (250 words per page double spaced)
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