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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (47889)	4/1/2004 9:00:54 PM
From: RealMuLan	Respond to of 74559

Maybe Mexico has something in common with India<g>? here is an article on Mexico: What's That Sound? By THOMAS L. FRIEDMAN MEXICO CITY "The old autocratic Mexico could have ordered these reforms from above. That's how China still does it, giving Beijing an advantage now that it will pay for later. But because Mexico is now a democracy, and needs to remain competitive, it can upgrade its institutions only by going through the messy, time-consuming process of consensus building. Alas, President Vicente Fox has not been very good at building consensus. "We did the first stages of structural reform from the top down," said Guillermo Ortiz, the governor of Mexico's central bank. "The next stage is much more difficult. You have to work from the bottom up. You have to create the wider consensus to push the reforms in a democratic context. . . . There is an urgency for Mexico to finish the structural reforms at the micro level." Why? Because while Mexico upgraded its competitiveness, notes the analyst Daniel Rosen in the journal The International Economy, China upgraded worker education, infrastructure, management skills, technology and quality controls even faster." Message 19974481